JPMorgan Chase & Co. (NYSE:JPM) Price Target Raised to $224.00 at UBS Group

JPMorgan Chase & Co. (NYSE:JPM) had its price objective lifted by UBS Group from $219.00 to $224.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

A number of other research firms have also issued reports on JPM. Jefferies Financial Group increased their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a buy rating in a research report on Monday, April 8th. Oppenheimer lowered their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an outperform rating for the company in a report on Monday, April 15th. Robert W. Baird raised their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a neutral rating in a report on Tuesday. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an overweight rating in a research note on Tuesday. Finally, The Goldman Sachs Group restated a buy rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $194.10.

JPMorgan Chase & Co. Stock Up 1.9 %

Shares of NYSE:JPM opened at $200.71 on Tuesday. The business has a fifty day moving average of $194.71 and a two-hundred day moving average of $178.05. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock has a market cap of $576.37 billion, a P/E ratio of 12.12, a PEG ratio of 2.68 and a beta of 1.13. JPMorgan Chase & Co. has a 52-week low of $134.40 and a 52-week high of $205.88.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. On average, research analysts expect that JPMorgan Chase & Co. will post 16.31 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.29%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 5,298 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the sale, the insider now owns 46,375 shares in the company, valued at approximately $9,304,680. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 5,298 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the completion of the sale, the insider now directly owns 46,375 shares in the company, valued at $9,304,680. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the completion of the sale, the insider now directly owns 217,351 shares of the company’s stock, valued at approximately $42,087,847.64. The disclosure for this sale can be found here. Insiders sold 249,399 shares of company stock valued at $46,713,667 in the last 90 days. 0.79% of the stock is currently owned by insiders.

Institutional Trading of JPMorgan Chase & Co.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp raised its stake in JPMorgan Chase & Co. by 1.2% during the third quarter. Fifth Third Bancorp now owns 2,293,455 shares of the financial services provider’s stock worth $332,597,000 after acquiring an additional 28,071 shares during the period. Cook Wealth Management Group LLC increased its stake in JPMorgan Chase & Co. by 14.2% in the 3rd quarter. Cook Wealth Management Group LLC now owns 3,223 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 400 shares in the last quarter. Asio Capital LLC grew its holdings in shares of JPMorgan Chase & Co. by 7.1% during the third quarter. Asio Capital LLC now owns 8,673 shares of the financial services provider’s stock valued at $1,258,000 after buying an additional 573 shares in the last quarter. Peregrine Asset Advisers Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $845,000. Finally, Kornitzer Capital Management Inc. KS raised its stake in shares of JPMorgan Chase & Co. by 0.4% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 91,066 shares of the financial services provider’s stock worth $13,206,000 after purchasing an additional 337 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

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.