UBS Group Issues Positive Forecast for JPMorgan Chase & Co. (NYSE:JPM) Stock Price

JPMorgan Chase & Co. (NYSE:JPM) had its target price lifted by UBS Group from $339.00 to $350.00 in a report released on Tuesday morning, MarketBeat reports. UBS Group currently has a buy rating on the financial services provider’s stock.

Several other equities research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a “hold” rating in a report on Tuesday, September 30th. Cowen reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. TD Cowen lifted their price target on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Zacks Research lowered JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Finally, Bank of America raised their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $309.95.

JPMorgan Chase & Co. Stock Down 0.5%

Shares of JPMorgan Chase & Co. stock opened at $307.61 on Tuesday. The firm has a market cap of $845.85 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 2.03 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $318.01. The stock has a 50-day simple moving average of $301.10 and a 200-day simple moving average of $275.67.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.48 by $0.48. The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm’s revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $6.12 EPS. On average, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be given a $1.50 dividend. The ex-dividend date of this dividend is Monday, October 6th. This represents a $6.00 annualized dividend and a yield of 2.0%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 30.79%.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the transaction, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. TCP Asset Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 11.4% during the third quarter. TCP Asset Management LLC now owns 2,487 shares of the financial services provider’s stock worth $785,000 after buying an additional 254 shares during the last quarter. Montecito Bank & Trust acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth approximately $8,985,000. McLean Asset Management Corp lifted its holdings in shares of JPMorgan Chase & Co. by 2.2% during the third quarter. McLean Asset Management Corp now owns 7,556 shares of the financial services provider’s stock worth $2,336,000 after buying an additional 162 shares during the last quarter. Lbmc Investment Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 27.6% during the third quarter. Lbmc Investment Advisors LLC now owns 8,650 shares of the financial services provider’s stock worth $2,728,000 after buying an additional 1,869 shares during the last quarter. Finally, Acropolis Investment Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 7.6% during the third quarter. Acropolis Investment Management LLC now owns 21,693 shares of the financial services provider’s stock worth $6,289,000 after buying an additional 1,540 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.