JPMorgan Chase & Co. (NYSE:JPM) Shares Up 0.3% – Should You Buy?

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 0.3% on Wednesday . The stock traded as high as $251.19 and last traded at $250.62. 1,330,915 shares were traded during trading, a decline of 85% from the average session volume of 9,052,191 shares. The stock had previously closed at $249.97.

Analyst Ratings Changes

JPM has been the topic of several research analyst reports. Daiwa Capital Markets decreased their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Royal Bank of Canada lifted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $229.31.

JPMorgan Chase & Co. Trading Down 0.1 %

The company has a market cap of $703.24 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 3.63 and a beta of 1.10. The firm has a 50-day moving average price of $226.43 and a 200 day moving average price of $213.26. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same period last year, the firm earned $4.33 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.00%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.82%.

Institutional Trading of JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently bought and sold shares of JPM. WFA Asset Management Corp boosted its stake in JPMorgan Chase & Co. by 51.2% in the first quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 412 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of JPMorgan Chase & Co. by 32.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 6,374 shares of the financial services provider’s stock valued at $1,277,000 after purchasing an additional 1,569 shares during the period. Cetera Investment Advisers grew its position in shares of JPMorgan Chase & Co. by 202.3% during the 1st quarter. Cetera Investment Advisers now owns 976,108 shares of the financial services provider’s stock worth $195,514,000 after buying an additional 653,205 shares during the period. Cetera Advisors LLC increased its stake in JPMorgan Chase & Co. by 82.4% in the first quarter. Cetera Advisors LLC now owns 455,164 shares of the financial services provider’s stock valued at $91,169,000 after purchasing an additional 205,592 shares in the last quarter. Finally, Cetera Advisor Networks LLC lifted its holdings in JPMorgan Chase & Co. by 2.4% during the first quarter. Cetera Advisor Networks LLC now owns 382,523 shares of the financial services provider’s stock worth $76,619,000 after acquiring an additional 8,929 shares in the last quarter. 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.