UBS Group Trims JPMorgan Chase & Co. (NYSE:JPM) Target Price to $219.00

JPMorgan Chase & Co. (NYSE:JPM) had its target price lowered by UBS Group from $226.00 to $219.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other research firms also recently weighed in on JPM. Barclays increased their target price on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an overweight rating in a research report on Tuesday, January 2nd. The Goldman Sachs Group reiterated a buy rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. BMO Capital Markets reduced their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a market perform rating on the stock in a research report on Monday. Royal Bank of Canada restated an outperform rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Finally, Bank of America raised their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a buy rating in a report on Thursday, January 4th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $192.05.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $181.14 on Tuesday. The business’s 50-day moving average price is $188.61 and its 200 day moving average price is $168.59. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month high of $200.94. The company has a market capitalization of $520.25 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 2.27 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.54%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Insider Activity

In other news, CEO James Dimon sold 178,222 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of hedge funds have recently bought and sold shares of the business. Silverlake Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. by 4.7% in the 1st quarter. Silverlake Wealth Management LLC now owns 3,703 shares of the financial services provider’s stock worth $742,000 after acquiring an additional 167 shares in the last quarter. Naviter Wealth LLC grew its position in shares of JPMorgan Chase & Co. by 1.2% in the 1st quarter. Naviter Wealth LLC now owns 21,057 shares of the financial services provider’s stock worth $4,218,000 after acquiring an additional 251 shares in the last quarter. Nvest Financial LLC grew its position in shares of JPMorgan Chase & Co. by 3.1% in the 1st quarter. Nvest Financial LLC now owns 17,765 shares of the financial services provider’s stock worth $3,558,000 after acquiring an additional 527 shares in the last quarter. West Oak Capital LLC grew its position in shares of JPMorgan Chase & Co. by 0.7% in the 1st quarter. West Oak Capital LLC now owns 21,594 shares of the financial services provider’s stock worth $4,325,000 after acquiring an additional 142 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC grew its position in shares of JPMorgan Chase & Co. by 3.1% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 5,352 shares of the financial services provider’s stock worth $1,072,000 after acquiring an additional 161 shares in the last quarter. Institutional investors and hedge funds 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.