Brokerages Set JPMorgan Chase & Co. (NYSE:JPM) Target Price at $326.38

JPMorgan Chase & Co. (NYSE:JPM) has received a consensus rating of “Moderate Buy” from the twenty-eight research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, fifteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $326.3810.

JPM has been the subject of a number of research reports. TD Cowen upped their target price on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Wall Street Zen raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $345.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Wolfe Research increased their target price on JPMorgan Chase & Co. from $342.00 to $346.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Finally, Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $336.00 to $338.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robin Leopold sold 966 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $311.92, for a total transaction of $301,314.72. Following the completion of the transaction, the insider owned 58,479 shares in the company, valued at $18,240,769.68. The trade was a 1.63% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.47% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Institutional investors have recently modified their holdings of the stock. Jump Financial LLC increased its holdings in shares of JPMorgan Chase & Co. by 586.1% in the third quarter. Jump Financial LLC now owns 34,909 shares of the financial services provider’s stock valued at $11,011,000 after buying an additional 29,821 shares in the last quarter. Pathstone Holdings LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.7% in the 3rd quarter. Pathstone Holdings LLC now owns 466,407 shares of the financial services provider’s stock worth $147,118,000 after acquiring an additional 3,300 shares during the last quarter. Boston Partners raised its position in shares of JPMorgan Chase & Co. by 2.3% during the third quarter. Boston Partners now owns 7,492,763 shares of the financial services provider’s stock worth $2,360,045,000 after purchasing an additional 168,184 shares during the period. Intrepid Capital Management Inc. raised its position in shares of JPMorgan Chase & Co. by 3.4% during the third quarter. Intrepid Capital Management Inc. now owns 2,265 shares of the financial services provider’s stock worth $714,000 after purchasing an additional 75 shares during the period. Finally, Family Management Corp lifted its holdings in shares of JPMorgan Chase & Co. by 0.8% during the third quarter. Family Management Corp now owns 22,550 shares of the financial services provider’s stock valued at $7,113,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $309.28 on Tuesday. The business has a 50-day moving average of $307.34 and a 200 day moving average of $288.98. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $322.25. The stock has a market capitalization of $841.95 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 1.84 and a beta of 1.14. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The company had revenue of $47.12 billion for the quarter, compared to analyst estimates of $44.42 billion. During the same quarter last year, the company earned $4.37 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 6th were given a $1.50 dividend. The ex-dividend date was Monday, October 6th. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.