JPMorgan Chase & Co. (NYSE:JPM) Receives $217.94 Consensus PT from Analysts

Shares of JPMorgan Chase & Co. (NYSE:JPM) have earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $223.38.

Several research analysts recently weighed in on JPM shares. Keefe, Bruyette & Woods boosted their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. BMO Capital Markets boosted their price objective on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Oppenheimer raised their target price on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $221.58 on Friday. The stock has a 50-day simple moving average of $216.19 and a 200 day simple moving average of $207.43. The stock has a market capitalization of $623.82 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 3.25 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 12-month low of $142.79 and a 12-month high of $226.75.

JPMorgan Chase & Co. (NYSE:JPM) last announced 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 net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same period in the prior year, the business earned $4.33 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts anticipate that JPMorgan Chase & Co. will post 17.52 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.26%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.82%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JPM. Rossmore Private Capital increased its holdings in JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Rossmore Private Capital now owns 93,284 shares of the financial services provider’s stock worth $19,670,000 after purchasing an additional 319 shares in the last quarter. Hassell Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.8% during the third quarter. Hassell Wealth Management LLC now owns 4,085 shares of the financial services provider’s stock worth $906,000 after buying an additional 73 shares in the last quarter. Chase Investment Counsel Corp acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $212,000. Community Bank & Trust Waco Texas lifted its stake in JPMorgan Chase & Co. by 4.6% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 49,683 shares of the financial services provider’s stock valued at $10,476,000 after acquiring an additional 2,198 shares in the last quarter. Finally, Empower Advisory Group LLC boosted its position in JPMorgan Chase & Co. by 0.5% during the 3rd quarter. Empower Advisory Group LLC now owns 1,012,422 shares of the financial services provider’s stock worth $213,479,000 after acquiring an additional 5,288 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

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.