Barclays Boosts JPMorgan Chase & Co. (NYSE:JPM) Price Target to $257.00

JPMorgan Chase & Co. (NYSE:JPM) had its price target raised by Barclays from $217.00 to $257.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Several other research analysts have also recently commented on JPM. Deutsche Bank Aktiengesellschaft reiterated a hold rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an overweight rating in a report on Monday, July 15th. BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a market perform rating in a research report on Thursday, July 11th. Wolfe Research lowered shares of JPMorgan Chase & Co. from an outperform rating to a peer perform rating in a research report on Monday, July 8th. Finally, Daiwa Capital Markets cut their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an overweight rating on the stock in a research report on Thursday, October 10th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of Moderate Buy and a consensus target price of $217.94.

JPMorgan Chase & Co. Stock Down 0.4 %

JPM stock opened at $221.48 on Monday. The stock has a market cap of $636.02 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The firm’s 50-day simple moving average is $212.32 and its 200 day simple moving average is $203.88. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. During the same quarter last year, the firm posted $4.33 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 16.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.26%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is currently 27.89%.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of institutional investors have recently bought and sold shares of the business. Iams Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 3.5% in the 3rd quarter. Iams Wealth Management LLC now owns 11,737 shares of the financial services provider’s stock valued at $2,475,000 after purchasing an additional 395 shares in the last quarter. Creative Planning increased its stake in shares of JPMorgan Chase & Co. by 3.1% in the 3rd quarter. Creative Planning now owns 1,139,115 shares of the financial services provider’s stock valued at $240,194,000 after acquiring an additional 34,746 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of JPMorgan Chase & Co. by 2.9% in the 3rd quarter. Sivia Capital Partners LLC now owns 6,894 shares of the financial services provider’s stock valued at $1,454,000 after purchasing an additional 194 shares during the period. Grove Bank & Trust grew its position in shares of JPMorgan Chase & Co. by 1.6% in the 3rd quarter. Grove Bank & Trust now owns 27,842 shares of the financial services provider’s stock valued at $5,871,000 after purchasing an additional 435 shares during the period. Finally, Wedge Capital Management L L P NC boosted its position in JPMorgan Chase & Co. by 1.4% during the 3rd quarter. Wedge Capital Management L L P NC now owns 4,384 shares of the financial services provider’s stock worth $924,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.