JPMorgan Chase & Co. (NYSE:JPM) PT Raised to $187.00
JPMorgan Chase & Co. (NYSE:JPM) had its price objective lifted by Barclays from $172.00 to $187.00 in a report issued on Wednesday morning, The Fly reports. The firm currently has an overweight rating on the financial services provider’s stock.
A number of other research analysts have also issued reports on the stock. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $170.00 to $185.00 and gave the company an overweight rating in a research note on Monday, March 22nd. Daiwa Capital Markets began coverage on JPMorgan Chase & Co. in a report on Wednesday, January 6th. They issued an outperform rating and a $139.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their target price on JPMorgan Chase & Co. from $142.00 to $175.00 and gave the company a buy rating in a research report on Thursday, April 1st. Royal Bank of Canada boosted their price target on JPMorgan Chase & Co. from $130.00 to $150.00 and gave the stock an outperform rating in a research report on Tuesday, January 19th. Finally, Piper Sandler raised their price target on JPMorgan Chase & Co. from $118.00 to $150.00 and gave the company an overweight rating in a report on Monday, January 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $138.89.
Shares of JPM opened at $154.93 on Wednesday. JPMorgan Chase & Co. has a 12 month low of $82.40 and a 12 month high of $161.69. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a fifty day moving average price of $152.02 and a 200 day moving average price of $126.38. The company has a market cap of $472.77 billion, a P/E ratio of 20.25, a PEG ratio of 2.87 and a beta of 1.23.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Tuesday, April 6th will be given a $0.90 dividend. The ex-dividend date is Monday, April 5th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.32%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 34.35%.
In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 22,011 shares of the business’s stock in a transaction dated Friday, January 29th. The stock was sold at an average price of $129.84, for a total transaction of $2,857,908.24. Company insiders own 0.78% of the company’s stock.
Large investors have recently modified their holdings of the stock. Trust Asset Management LLC lifted its stake in JPMorgan Chase & Co. by 78.1% in the 3rd quarter. Trust Asset Management LLC now owns 15,674 shares of the financial services provider’s stock worth $1,509,000 after acquiring an additional 6,873 shares in the last quarter. United Bank lifted its position in shares of JPMorgan Chase & Co. by 5.7% in the third quarter. United Bank now owns 25,171 shares of the financial services provider’s stock worth $2,423,000 after purchasing an additional 1,364 shares in the last quarter. Wealth Alliance boosted its holdings in shares of JPMorgan Chase & Co. by 7.9% during the third quarter. Wealth Alliance now owns 17,804 shares of the financial services provider’s stock worth $1,714,000 after purchasing an additional 1,297 shares during the period. Earnest Partners LLC grew its position in JPMorgan Chase & Co. by 11.6% during the third quarter. Earnest Partners LLC now owns 158,757 shares of the financial services provider’s stock valued at $15,284,000 after purchasing an additional 16,472 shares in the last quarter. Finally, Financial Advisory Service Inc. increased its stake in JPMorgan Chase & Co. by 6.4% in the 3rd quarter. Financial Advisory Service Inc. now owns 9,279 shares of the financial services provider’s stock valued at $893,000 after buying an additional 558 shares during the period. Institutional investors and hedge funds own 69.02% of the company’s stock.
JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.
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