JPMorgan Chase & Co. (NYSE:JPM) Hits New 52-Week High – What’s Next?

Shares of JPMorgan Chase & Co. (NYSE:JPM) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $323.23 and last traded at $322.6080, with a volume of 3623979 shares. The stock had previously closed at $317.21.

More JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

Analysts Set New Price Targets

JPM has been the topic of a number of recent research reports. TD Cowen increased their target price on JPMorgan Chase & Co. from $370.00 to $375.00 and gave the company a “buy” rating in a report on Monday, December 15th. The Goldman Sachs Group lowered their price objective on shares of JPMorgan Chase & Co. from $355.00 to $354.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $330.00 to $342.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $332.00 to $336.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. Finally, Dbs Bank upgraded shares of JPMorgan Chase & Co. to a “hold” rating in a research note on Tuesday, October 21st. Fifteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $329.19.

Check Out Our Latest Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Price Performance

The firm has a market cap of $879.22 billion, a PE ratio of 16.00, a P/E/G ratio of 1.64 and a beta of 1.08. The firm’s fifty day simple moving average is $307.83 and its two-hundred day simple moving average is $298.67. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The firm had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $44.42 billion. During the same period last year, the firm earned $4.37 EPS. The company’s revenue was up 8.8% on a year-over-year basis. As a group, research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Tuesday, January 6th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, January 6th. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

Insider Activity

In related news, insider Robin Leopold sold 966 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the sale, the insider owned 58,479 shares of the company’s stock, valued at approximately $18,240,769.68. This trade represents a 1.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Institutional investors have recently added to or reduced their stakes in the stock. PMG Family Office LLC bought a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $374,000. AIA Group Ltd increased its holdings in JPMorgan Chase & Co. by 35.8% in the 3rd quarter. AIA Group Ltd now owns 131,010 shares of the financial services provider’s stock valued at $41,324,000 after acquiring an additional 34,535 shares during the last quarter. Keel Point LLC increased its holdings in JPMorgan Chase & Co. by 1.9% in the 3rd quarter. Keel Point LLC now owns 19,853 shares of the financial services provider’s stock valued at $6,262,000 after acquiring an additional 375 shares during the last quarter. Lindenwold Advisors INC lifted its stake in JPMorgan Chase & Co. by 0.6% in the 3rd quarter. Lindenwold Advisors INC now owns 11,881 shares of the financial services provider’s stock worth $3,747,000 after purchasing an additional 67 shares in the last quarter. Finally, Mirabella Financial Services LLP boosted its holdings in shares of JPMorgan Chase & Co. by 127.4% during the 3rd quarter. Mirabella Financial Services LLP now owns 39,566 shares of the financial services provider’s stock valued at $12,456,000 after purchasing an additional 22,164 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

About JPMorgan Chase & Co.

(Get Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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