JPMorgan Chase & Co. (NYSE:JPM) Shares Up 1.3% – What’s Next?

Shares of JPMorgan Chase & Co. (NYSE:JPM) shot up 1.3% during mid-day trading on Monday . The stock traded as high as $244.22 and last traded at $242.89. 3,038,162 shares were traded during trading, a decline of 64% from the average session volume of 8,411,582 shares. The stock had previously closed at $239.87.

Analyst Ratings Changes

JPM has been the topic of a number of research reports. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Royal Bank of Canada lifted their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research note on Friday, January 3rd. Finally, Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and an average target price of $245.83.

JPMorgan Chase & Co. Stock Performance

The company has a market cap of $710.09 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 3.54 and a beta of 1.11. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock’s 50 day moving average price is $242.60 and its 200 day moving average price is $223.51.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.04 EPS. On average, analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

Institutional Trading of JPMorgan Chase & Co.

A number of institutional investors have recently modified their holdings of JPM. Eagle Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock valued at $4,423,000 after buying an additional 84 shares in the last quarter. Fiera Capital Corp lifted its position in shares of JPMorgan Chase & Co. by 1.7% during the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after purchasing an additional 63 shares in the last quarter. Kinsale Capital Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 20.8% in the second quarter. Kinsale Capital Group Inc. now owns 34,109 shares of the financial services provider’s stock valued at $6,899,000 after purchasing an additional 5,863 shares during the period. Biltmore Family Office LLC grew its holdings in JPMorgan Chase & Co. by 17.6% during the 2nd quarter. Biltmore Family Office LLC now owns 13,572 shares of the financial services provider’s stock valued at $2,745,000 after purchasing an additional 2,030 shares in the last quarter. Finally, SP Asset Management LLC increased its stake in JPMorgan Chase & Co. by 28.1% during the 2nd quarter. SP Asset Management LLC now owns 3,096 shares of the financial services provider’s stock worth $626,000 after buying an additional 680 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

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.