JPMorgan Chase & Co. (NYSE:JPM) Hits New 52-Week High at $200.94

JPMorgan Chase & Co. (NYSE:JPM) hit a new 52-week high during trading on Monday . The company traded as high as $200.94 and last traded at $199.38, with a volume of 869338 shares trading hands. The stock had previously closed at $200.30.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent research reports. Barclays increased their price target on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. BMO Capital Markets increased their price objective on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research note on Tuesday, January 16th. Bank of America increased their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $181.63.

Read Our Latest Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Trading Down 0.0 %

The firm has a market cap of $572.79 billion, a P/E ratio of 12.26, a PEG ratio of 2.54 and a beta of 1.15. The firm’s fifty day moving average is $184.05 and its two-hundred day moving average is $164.86. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The business had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. During the same quarter last year, the firm posted $3.57 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts predict that JPMorgan Chase & Co. will post 15.75 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is 25.89%.

Insider Activity

In other news, Vice Chairman Peter Scher sold 1,812 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the sale, the insider now owns 46,766 shares in the company, valued at approximately $7,793,553.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the transaction, the insider now owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Peter Scher sold 1,812 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total value of $301,969.80. Following the completion of the transaction, the insider now directly owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 849,303 shares of company stock worth $155,107,447. Corporate insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Large investors have recently modified their holdings of the stock. Stone House Investment Management LLC raised its position in JPMorgan Chase & Co. by 132.8% in 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 during the last quarter. Macroview Investment Management LLC raised its position in JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after buying an additional 235 shares during the last quarter. Bare Financial Services Inc purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth about $35,000. Partnership Wealth Management LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth about $36,000. Finally, Briaud Financial Planning Inc purchased a new position in JPMorgan Chase & Co. in the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

(Get Free Report)

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.

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