JPMorgan Chase & Co. (NYSE:JPM) PT Lowered to $235.00 at Daiwa Capital Markets

JPMorgan Chase & Co. (NYSE:JPM) had its price target trimmed by Daiwa Capital Markets from $240.00 to $235.00 in a research note published on Thursday. The brokerage currently has an overweight rating on the financial services provider’s stock.

Several other equities research analysts have also recently weighed in on JPM. Barclays increased their price target on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an overweight rating in a research report on Monday, July 15th. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an overweight rating in a research report on Monday, July 15th. Citigroup raised their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a neutral rating in a research report on Monday, July 15th. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an overweight rating in a research report on Monday, July 15th. Finally, Evercore ISI raised their target price on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an outperform rating in a research report on Monday, July 15th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $213.47.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $213.25 on Thursday. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.48. The stock has a market capitalization of $606.73 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. The company has a fifty day moving average of $211.32 and a 200-day moving average of $203.46. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.06 by $0.31. The business had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.33 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 16.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a dividend of $1.25 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.89%.

Institutional Trading of JPMorgan Chase & Co.

Institutional investors have recently made changes to their positions in the stock. Capital International Investors lifted its holdings in JPMorgan Chase & Co. by 1.9% during the first quarter. Capital International Investors now owns 42,294,992 shares of the financial services provider’s stock valued at $8,471,687,000 after purchasing an additional 778,297 shares in the last quarter. Capital World Investors grew its holdings in JPMorgan Chase & Co. by 0.4% during the 1st quarter. Capital World Investors now owns 34,422,011 shares of the financial services provider’s stock valued at $6,894,729,000 after buying an additional 150,812 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of JPMorgan Chase & Co. by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 22,696,963 shares of the financial services provider’s stock valued at $4,590,412,000 after buying an additional 1,040,594 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of JPMorgan Chase & Co. by 23.3% in the first quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock worth $3,445,185,000 after buying an additional 3,252,451 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of JPMorgan Chase & Co. by 4.0% during the fourth quarter. Fisher Asset Management LLC now owns 11,836,898 shares of the financial services provider’s stock worth $2,013,457,000 after acquiring an additional 450,098 shares during the last quarter. Hedge funds and other institutional investors 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.