Brokerages Set JPMorgan Chase & Co. (NYSE:JPM) Target Price at $108.80

Shares of JPMorgan Chase & Co. (NYSE:JPM) have earned a consensus rating of “Buy” from the twenty-four ratings firms that are presently covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $110.71.

Several research analysts have commented on the stock. Morgan Stanley boosted their price objective on shares of JPMorgan Chase & Co. from $101.00 to $106.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. BMO Capital Markets lowered their price target on shares of JPMorgan Chase & Co. from $117.00 to $101.00 and set a “market perform” rating for the company in a report on Wednesday, April 15th. Deutsche Bank reiterated a “neutral” rating and set a $105.00 price target (down from $130.00) on shares of JPMorgan Chase & Co. in a report on Thursday, April 2nd. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Piper Sandler decreased their price objective on JPMorgan Chase & Co. from $149.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, April 3rd.

JPM traded up $4.81 during trading on Friday, hitting $96.09. 1,478,446 shares of the stock traded hands, compared to its average volume of 22,377,682. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $141.10. The company has a market cap of $284.29 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 3.62 and a beta of 1.19. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.89 and a quick ratio of 0.89. The business has a 50 day moving average price of $97.78 and a 200 day moving average price of $109.93.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $2.70 by ($1.92). JPMorgan Chase & Co. had a net margin of 21.61% and a return on equity of 12.52%. The firm had revenue of $28.25 billion for the quarter, compared to analyst estimates of $29.45 billion. During the same quarter in the prior year, the firm earned $2.65 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities research analysts predict that JPMorgan Chase & Co. will post 5.16 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.60 annualized dividend and a dividend yield of 3.75%. JPMorgan Chase & Co.’s dividend payout ratio is 34.35%.

In related news, Director Stephen B. Burke bought 75,000 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were bought at an average price of $87.99 per share, with a total value of $6,599,250.00. Following the completion of the transaction, the director now directly owns 150,043 shares in the company, valued at $13,202,283.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 13,027 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $91.12, for a total value of $1,187,020.24. Following the transaction, the insider now directly owns 137,243 shares in the company, valued at approximately $12,505,582.16. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Carnegie Capital Asset Management LLC increased its stake in shares of JPMorgan Chase & Co. by 3.5% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 272,305 shares of the financial services provider’s stock worth $37,959,000 after purchasing an additional 9,105 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $299,000. Northstar Wealth Partners LLC increased its position in shares of JPMorgan Chase & Co. by 15.1% during the fourth quarter. Northstar Wealth Partners LLC now owns 16,470 shares of the financial services provider’s stock worth $1,960,000 after acquiring an additional 2,162 shares during the period. CA Family Wealth LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $761,000. Finally, Capital International Investors increased its position in shares of JPMorgan Chase & Co. by 3.9% during the fourth quarter. Capital International Investors now owns 27,366,319 shares of the financial services provider’s stock worth $3,814,863,000 after acquiring an additional 1,029,205 shares during the period. 71.57% of the stock is currently owned by hedge funds and other institutional investors.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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