JPMorgan Chase & Co. (NYSE:JPM) Trading 0.9% Higher – Time to Buy?

JPMorgan Chase & Co. (NYSE:JPM)’s share price rose 0.9% on Friday . The company traded as high as $262.64 and last traded at $261.45. Approximately 1,936,009 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 9,173,269 shares. The stock had previously closed at $259.05.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JPM. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Citigroup raised their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research report on Friday, January 3rd. Finally, Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Stock Up 2.1 %

The business’s 50 day moving average is $258.55 and its 200 day moving average is $237.14. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a market cap of $739.74 billion, a P/E ratio of 13.40, a P/E/G ratio of 2.83 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the prior year, the business posted $3.04 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. The trade was a 19.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,326 shares of company stock valued at $12,448,445 in the last 90 days. Insiders own 0.79% of the company’s stock.

Institutional Trading of JPMorgan Chase & Co.

Large investors have recently bought and sold shares of the stock. BridgePort Financial Solutions LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $871,000. Park Square Financial Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $485,000. Total Wealth Planning & Management Inc. purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth $1,664,000. Menard Financial Group LLC lifted its position in JPMorgan Chase & Co. by 1.4% during the 4th quarter. Menard Financial Group LLC now owns 6,076 shares of the financial services provider’s stock worth $1,456,000 after acquiring an additional 82 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $454,042,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.