JPMorgan Chase & Co. (NYSE:JPM) PT Raised to $225.00

JPMorgan Chase & Co. (NYSE:JPM) had its price target upped by Wells Fargo & Company from $220.00 to $225.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

A number of other equities analysts also recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a market perform rating in a research note on Tuesday, July 9th. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a market perform rating in a research report on Thursday, July 11th. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $214.00 to $221.00 and gave the stock an overweight rating in a report on Monday. StockNews.com raised JPMorgan Chase & Co. from a sell rating to a hold rating in a report on Saturday, July 13th. Finally, Jefferies Financial Group raised their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a buy rating in a report on Wednesday, July 3rd. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $202.89.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $216.85 on Monday. The stock has a market capitalization of $622.72 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 2.37 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $217.56. The company’s 50-day simple moving average is $201.10 and its 200-day simple moving average is $189.86. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter last year, the business posted $4.37 EPS. Equities analysts anticipate that JPMorgan Chase & Co. will post 16.5 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is 25.66%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the sale, the insider now directly owns 217,351 shares of the company’s stock, valued at approximately $42,087,847.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the completion of the transaction, the insider now owns 217,351 shares in the company, valued at approximately $42,087,847.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,343 shares of company stock worth $14,137,789. 0.79% of the stock is owned by corporate insiders.

Institutional Trading of JPMorgan Chase & Co.

Several institutional investors have recently made changes to their positions in JPM. Stone House Investment Management LLC grew its stake in JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares in the last quarter. Retirement Group LLC lifted its position in shares of JPMorgan Chase & Co. by 227.1% in the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after buying an additional 109 shares during the last quarter. Richardson Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth about $34,000. Bare Financial Services Inc acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $35,000. Finally, Partnership Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $36,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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.