JPMorgan Chase & Co. (NYSE:JPM) Price Target Raised to $315.00

JPMorgan Chase & Co. (NYSE:JPM) had its target price lifted by TD Securities from $305.00 to $315.00 in a report published on Tuesday morning,Benzinga reports. TD Securities currently has a buy rating on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the company. Cowen started coverage on JPMorgan Chase & Co. in a research note on Wednesday, May 14th. They set a “buy” rating for the company. Morgan Stanley upped their target price on JPMorgan Chase & Co. from $235.00 to $236.00 and gave the stock an “equal weight” rating in a research note on Tuesday. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a “buy” rating and a $305.00 price objective for the company. Truist Financial set a $261.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, April 14th. Finally, Royal Bank of Canada boosted their price target on shares of JPMorgan Chase & Co. from $255.00 to $285.00 and gave the stock an “outperform” rating in a research note on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.20.

JPMorgan Chase & Co. Stock Up 0.3%

JPM stock opened at $265.55 on Tuesday. The company’s 50 day moving average is $242.28 and its 200 day moving average is $247.67. The stock has a market cap of $737.99 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.44 EPS. Sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s payout ratio is 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the sale, the general counsel now directly owns 36,520 shares of the company’s stock, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now owns 158,381 shares in the company, valued at $42,737,529.04. This trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 138,617 shares of company stock valued at $35,600,742. 0.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JPM. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth about $28,000. Redwood Park Advisors LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $29,000. University of Illinois Foundation purchased a new stake in JPMorgan Chase & Co. in the first quarter worth about $30,000. Curat Global LLC bought a new position in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $33,000. Finally, Sellwood Investment Partners LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $34,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

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.