JPMorgan Chase & Co. (NYSE:JPM) Shares Up 1.8% – Time to Buy?

JPMorgan Chase & Co. (NYSE:JPM)’s stock price rose 1.8% during mid-day trading on Monday . The stock traded as high as $323.23 and last traded at $322.9740. Approximately 8,165,665 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 9,437,818 shares. The stock had previously closed at $317.21.

Key Stores Impacting JPMorgan Chase & Co.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Truist Financial increased their target price on shares of JPMorgan Chase & Co. from $319.00 to $330.00 and gave the stock a “hold” rating in a report on Thursday. Morgan Stanley set a $331.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, December 9th. Royal Bank Of Canada reduced their price target on shares of JPMorgan Chase & Co. from $343.00 to $330.00 and set an “outperform” rating for the company in a report on Friday, December 12th. Finally, Wells Fargo & Company increased their price objective on shares of JPMorgan Chase & Co. from $345.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Fifteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $329.19.

View Our Latest Research Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Price Performance

The stock’s 50-day moving average is $307.83 and its 200 day moving average is $298.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $879.22 billion, a PE ratio of 16.00, a PEG ratio of 1.64 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping 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 business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $44.42 billion. During the same period in the previous year, the company earned $4.37 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, 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 will be paid on Saturday, January 31st. Shareholders of record on Tuesday, January 6th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, January 6th. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On JPMorgan Chase & Co.

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

About JPMorgan Chase & Co.

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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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