Brokerages Set JPMorgan Chase & Co. (NYSE:JPM) PT at $190.06

Shares of JPMorgan Chase & Co. (NYSE:JPM) have received a consensus rating of “Moderate Buy” from the twenty brokerages that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $192.05.

Several equities research analysts have recently weighed in on JPM shares. Piper Sandler decreased their price target on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Monday. Keefe, Bruyette & Woods boosted their price objective on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Evercore ISI boosted their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Finally, Morgan Stanley dropped their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research note on Monday.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $179.96 on Monday. The business’s fifty day moving average is $188.48 and its 200 day moving average is $168.50. The firm has a market cap of $516.86 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 2.30 and a beta of 1.15. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. JPMorgan Chase & Co. has a 52-week low of $131.81 and a 52-week high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be paid a dividend of $1.15 per share. The ex-dividend date is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.56%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Insider Activity

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the transaction, the general counsel now owns 59,456 shares in the company, valued at $10,864,394.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the transaction, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,020,696 shares of company stock valued at $186,794,151. Corporate insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several institutional investors have recently added to or reduced their stakes in the company. Sandy Cove Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 20.3% during the first quarter. Sandy Cove Advisors LLC now owns 9,433 shares of the financial services provider’s stock valued at $1,889,000 after acquiring an additional 1,590 shares during the last quarter. D.B. Root & Company LLC increased its holdings in JPMorgan Chase & Co. by 97.2% during the 1st quarter. D.B. Root & Company LLC now owns 2,798 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 1,379 shares during the period. Red Door Wealth Management LLC raised its position in JPMorgan Chase & Co. by 1.4% during the 1st quarter. Red Door Wealth Management LLC now owns 59,205 shares of the financial services provider’s stock valued at $11,859,000 after purchasing an additional 810 shares during the last quarter. Avalon Capital Management raised its position in JPMorgan Chase & Co. by 4.9% during the 1st quarter. Avalon Capital Management now owns 1,653 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 77 shares during the last quarter. Finally, Cornerstone Wealth Group LLC lifted its holdings in JPMorgan Chase & Co. by 30.9% in the 1st quarter. Cornerstone Wealth Group LLC now owns 59,270 shares of the financial services provider’s stock worth $11,872,000 after buying an additional 14,003 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

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.