JPMorgan Chase & Co. (NYSE:JPM) Stock Has Average Target Price of $363.29

JPMorgan Chase & Co. (NYSE:JPM) has received a consensus recommendation of “Moderate Buy” from the twenty-eight brokerages that are covering the firm, MarketBeat.com reports. Thirteen analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $362.88.

Several equities research analysts recently weighed in on the stock. HSBC increased their price objective on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a “hold” rating in a research note on Monday, September 28th. Royal Bank Of Canada lifted their target price on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a report on Wednesday, July 22nd. Truist Financial increased their price target on JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Finally, Barclays restated an “overweight” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $352.81, for a total value of $882,025.00. Following the sale, the insider owned 71,047 shares of the company’s stock, valued at $25,066,092.07. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. increased its stake in shares of JPMorgan Chase & Co. by 1.1% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 790,400 shares of the financial services provider’s stock valued at $261,488,000 after purchasing an additional 8,900 shares during the period. Diversified Management Inc. boosted its position in shares of JPMorgan Chase & Co. by 6.2% during the third quarter. Diversified Management Inc. now owns 5,768 shares of the financial services provider’s stock worth $1,908,000 after buying an additional 336 shares during the period. First Heartland Consultants Inc. boosted its position in shares of JPMorgan Chase & Co. by 2.6% during the third quarter. First Heartland Consultants Inc. now owns 8,381 shares of the financial services provider’s stock worth $2,773,000 after buying an additional 213 shares during the period. GAMMA Investing LLC grew its holdings in JPMorgan Chase & Co. by 8.5% in the 3rd quarter. GAMMA Investing LLC now owns 123,853 shares of the financial services provider’s stock worth $40,974,000 after buying an additional 9,721 shares in the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC grew its holdings in JPMorgan Chase & Co. by 0.5% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 57,959 shares of the financial services provider’s stock worth $19,175,000 after buying an additional 279 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Key JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan’s 10% dividend increase highlights strong earnings power and capital-generation capacity. The increase appears comfortably supported by the bank’s payout ratio, which may reinforce income-focused investor interest. JPMorgan dividend article
• Positive Sentiment: TD Cowen initiated coverage with a Hold rating and a $370 price target, implying meaningful potential upside from the reference price. While not an outright bullish recommendation, the target provides a constructive valuation signal.
• Positive Sentiment: Chase is expanding its business-banking platform with payroll services, creating an additional source of client engagement, fee revenue and cross-selling opportunities. Chase payroll article
• Neutral Sentiment: Analysts expect solid third-quarter revenue and continued banking momentum, but investors will also be watching expenses, credit provisions, loan growth and net interest income. Strong results could support the shares, while any deterioration could pressure the premium valuation. JPMorgan Q3 earnings preview
• Neutral Sentiment: JPMorgan appointed Eleni Skoura to lead its Chase business in Germany. The leadership change may support European growth, but it is unlikely to materially affect near-term earnings. JPMorgan Germany leadership article
• Negative Sentiment: JPMorgan strategists warn that rapidly rising long-term Treasury yields, approaching 6% for the 30-year bond, can weigh on markets and increase pressure on bank valuations, credit conditions and trading activity.
• Negative Sentiment: Investors remain concerned about elevated operating costs, potential credit deterioration and JPM’s relatively premium valuation ahead of earnings. The bank’s warnings that housing affordability is near financial-crisis lows also point to a weak or “frozen” housing market, a risk for consumer and mortgage-related activity.

JPMorgan Chase & Co. Stock Up 0.6%

JPM stock opened at $331.67 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.85. JPMorgan Chase & Co. has a 1-year low of $279.10 and a 1-year high of $366.50. The firm has a fifty day moving average price of $350.75 and a two-hundred day moving average price of $328.64. The firm has a market cap of $881.63 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 1.36 and a beta of 1.02.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The company had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $50.72 billion. During the same period last year, the firm posted $4.96 EPS. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. Research analysts predict that JPMorgan Chase & Co. will post 24.16 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be given a dividend of $1.65 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.’s payout ratio is currently 28.28%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, investment banking, asset management, private banking, commercial banking, consumer lending and payment services to individuals, businesses, institutions and governments.

The company operates through major business areas that include Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management. Its products and services include deposit accounts, credit cards, mortgages, auto loans, business financing, investment and advisory services, securities trading and custody, payment processing, and wealth-management solutions.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across international markets.