JPMorgan Chase & Co. (NYSE:JPM) Trading Up 0.7% – Time to Buy?

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 0.7% on Wednesday . The company traded as high as $270.68 and last traded at $269.09. 2,147,770 shares were traded during mid-day trading, a decline of 79% from the average session volume of 10,452,278 shares. The stock had previously closed at $267.14.

Analyst Upgrades and Downgrades

JPM has been the topic of several recent research reports. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report on Friday, January 3rd. Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Piper Sandler raised their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. UBS Group upped their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Stock Down 0.4 %

The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The stock has a market cap of $752.09 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 2.87 and a beta of 1.11. The firm’s 50-day moving average is $247.54 and its 200 day moving average is $227.91.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.04 earnings per share. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Plan Group Financial LLC raised its stake in shares of JPMorgan Chase & Co. by 4.0% during the fourth quarter. Plan Group Financial LLC now owns 1,947 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 74 shares during the period. Atlas Legacy Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth $3,882,000. Bank of Jackson Hole Trust acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth $2,366,000. Schubert & Co purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $216,000. Finally, Davidson Investment Advisors grew its stake in shares of JPMorgan Chase & Co. by 3.0% during the fourth quarter. Davidson Investment Advisors now owns 4,434 shares of the financial services provider’s stock valued at $1,063,000 after acquiring an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.