JPMorgan Chase & Co. (NYSE:JPM) Price Target Increased to $230.00 by Analysts at Evercore ISI

JPMorgan Chase & Co. (NYSE:JPM) had its price target upped by Evercore ISI from $217.00 to $230.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other equities analysts have also recently weighed in on the company. Oppenheimer upped their price target on JPMorgan Chase & Co. from $221.00 to $234.00 and gave the stock an outperform rating in a report on Wednesday, October 2nd. Citigroup raised their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a neutral rating in a research note on Monday, July 15th. Daiwa Capital Markets cut their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an overweight rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an overweight rating in a research note on Monday, July 15th. Finally, StockNews.com upgraded shares of JPMorgan Chase & Co. from a sell rating to a hold rating in a research note on Saturday, July 13th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $217.94.

JPMorgan Chase & Co. Trading Down 0.4 %

NYSE JPM opened at $221.48 on Monday. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $225.48. The company has a 50-day moving average of $212.32 and a 200-day moving average of $203.88. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $636.02 billion, a P/E ratio of 12.35, a P/E/G ratio of 3.28 and a beta of 1.11.

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

JPMorgan Chase & Co. Increases Dividend

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

Institutional Investors Weigh In On JPMorgan Chase & Co.

Institutional investors have recently bought and sold shares of the business. Scarborough Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $152,000. Gerber LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $844,000. Fisher Asset Management LLC increased its position in shares of JPMorgan Chase & Co. by 4.0% during the fourth quarter. Fisher Asset Management LLC now owns 11,836,898 shares of the financial services provider’s stock valued at $2,013,457,000 after purchasing an additional 450,098 shares during the period. Alamar Capital Management LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $218,000. Finally, Willner & Heller LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $895,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

About JPMorgan Chase & Co.

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.