JPMorgan Chase & Co. (NYSE:JPM) Price Target Raised to $205.00 at BMO Capital Markets

JPMorgan Chase & Co. (NYSE:JPM) had its target price boosted by BMO Capital Markets from $195.00 to $205.00 in a research report released on Thursday morning. BMO Capital Markets currently has a market perform rating on the financial services provider’s stock.

Other analysts have also recently issued research reports about the company. Royal Bank of Canada reaffirmed an outperform rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Wolfe Research lowered JPMorgan Chase & Co. from an outperform rating to a peer perform rating in a research note on Monday, July 8th. UBS Group lifted their price objective on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a buy rating in a research note on Tuesday, May 21st. Jefferies Financial Group lifted their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a buy rating in a research note on Wednesday, July 3rd. Finally, Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an overweight rating in a research note on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $198.61.

JPMorgan Chase & Co. Price Performance

JPM opened at $204.94 on Thursday. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $210.38. The stock has a fifty day moving average price of $199.88 and a 200 day moving average price of $189.09. The stock has a market cap of $588.52 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 2.32 and a beta of 1.12. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, July 12th. The financial services provider reported $4.40 earnings per share for the quarter, topping analysts’ consensus estimates of $4.19 by $0.21. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The company had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter in the previous year, the firm earned $4.37 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post 16.5 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.24%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.66%.

Insider Activity

In other news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the sale, the insider now directly owns 6,484 shares in the company, valued at approximately $1,237,860.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Robin Leopold sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the transaction, the insider now directly owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares in the company, valued at $1,237,860.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,343 shares of company stock worth $14,137,789. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of JPM. Stone House Investment Management LLC lifted its holdings in JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after buying an additional 89 shares in the last quarter. Retirement Group LLC lifted its holdings in JPMorgan Chase & Co. by 227.1% during the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after buying an additional 109 shares in the last quarter. Richardson Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth $34,000. Davidson Capital Management Inc. acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth $37,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth $40,000. 71.55% of the stock is owned by institutional investors and hedge funds.

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, 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.