JPMorgan Chase & Co. (NYSE:JPM) Trading 0.8% Higher – Time to Buy?

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 0.8% on Friday . The company traded as high as $239.34 and last traded at $238.16. 2,807,133 shares traded hands during trading, a decline of 69% from the average session volume of 9,064,246 shares. The stock had previously closed at $236.38.

Analyst Upgrades and Downgrades

JPM has been the topic of several recent research reports. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Royal Bank of Canada lifted their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Finally, Oppenheimer raised their target price on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $224.31.

JPMorgan Chase & Co. Price Performance

The stock has a market cap of $667.18 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 3.61 and a beta of 1.10. The company has a 50 day simple moving average of $217.24 and a 200-day simple moving average of $208.24. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the previous year, the firm earned $4.33 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 17.52 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.11%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tradewinds LLC. lifted its holdings in JPMorgan Chase & Co. by 2.3% in the third quarter. Tradewinds LLC. now owns 40,658 shares of the financial services provider’s stock worth $8,573,000 after purchasing an additional 921 shares during the period. German American Bancorp Inc. boosted its position in shares of JPMorgan Chase & Co. by 8.4% during the 3rd quarter. German American Bancorp Inc. now owns 86,589 shares of the financial services provider’s stock valued at $18,258,000 after purchasing an additional 6,706 shares in the last quarter. Trustmark National Bank Trust Department grew its position in JPMorgan Chase & Co. by 2.4% in the third quarter. Trustmark National Bank Trust Department now owns 30,987 shares of the financial services provider’s stock worth $6,534,000 after buying an additional 734 shares during the last quarter. Cypress Capital Group raised its position in shares of JPMorgan Chase & Co. by 0.7% during the third quarter. Cypress Capital Group now owns 70,764 shares of the financial services provider’s stock worth $14,921,000 after purchasing an additional 486 shares during the period. Finally, Landscape Capital Management L.L.C. lifted its position in shares of JPMorgan Chase & Co. by 12.7% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 21,717 shares of the financial services provider’s stock valued at $4,579,000 after acquiring an additional 2,442 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.