JPMorgan Chase & Co. (NYSE:JPM) Trading 0.1% Higher – Should You Buy?

JPMorgan Chase & Co. (NYSE:JPM) traded up 0.1% during trading on Tuesday . The company traded as high as $224.48 and last traded at $223.32. 1,191,347 shares changed hands during trading, a decline of 87% from the average session volume of 9,057,013 shares. The stock had previously closed at $223.00.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Jefferies Financial Group boosted their target price on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Finally, Oppenheimer cut their price target on shares of JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $217.94.

JPMorgan Chase & Co. Stock Down 0.3 %

The firm’s 50-day moving average price is $214.96 and its 200 day moving average price is $205.09. The firm has a market cap of $641.59 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. The business had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.33 earnings per share. As a group, research analysts expect that JPMorgan Chase & Co. will post 16.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Friday, October 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.89%.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Worth Asset Management LLC lifted its holdings in JPMorgan Chase & Co. by 29.1% in the 1st quarter. Worth Asset Management LLC now owns 2,079 shares of the financial services provider’s stock valued at $416,000 after acquiring an additional 468 shares during the last quarter. CGN Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 0.6% in the 1st quarter. CGN Advisors LLC now owns 17,490 shares of the financial services provider’s stock valued at $3,503,000 after acquiring an additional 101 shares during the last quarter. Strategic Planning Group LLC lifted its holdings in JPMorgan Chase & Co. by 15.3% in the 1st quarter. Strategic Planning Group LLC now owns 24,354 shares of the financial services provider’s stock valued at $4,878,000 after acquiring an additional 3,233 shares during the last quarter. Strong Tower Advisory Services lifted its holdings in JPMorgan Chase & Co. by 10.1% in the 1st quarter. Strong Tower Advisory Services now owns 6,548 shares of the financial services provider’s stock valued at $1,303,000 after acquiring an additional 601 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC lifted its holdings in JPMorgan Chase & Co. by 5.1% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 4,983 shares of the financial services provider’s stock valued at $998,000 after acquiring an additional 244 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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.