JPMorgan Chase & Co. (NYSE:JPM) Price Target Raised to $330.00 at Truist Financial

JPMorgan Chase & Co. (NYSE:JPM) had its price objective raised by Truist Financial from $319.00 to $330.00 in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. They currently have a hold rating on the financial services provider’s stock.

A number of other equities research analysts also recently issued reports on JPM. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, December 9th. Evercore ISI upped their target price on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Morgan Stanley set a $331.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a “hold” rating in a research report on Tuesday, September 30th. Finally, Wolfe Research increased their price objective on JPMorgan Chase & Co. from $342.00 to $346.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Fifteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $328.00.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $312.96 on Thursday. The firm has a market capitalization of $851.97 billion, a P/E ratio of 15.50, a PEG ratio of 1.63 and a beta of 1.08. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $322.88. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.86. The business has a fifty day moving average price of $307.51 and a 200-day moving average price of $297.84.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.83 by $0.24. The company had revenue of $47.12 billion for the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.37 EPS. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Tuesday, January 6th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.72%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 966 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $311.92, for a total value of $301,314.72. Following the completion of the sale, the insider owned 58,479 shares in the company, valued at $18,240,769.68. The trade was a 1.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. AIA Group Ltd lifted its stake in JPMorgan Chase & Co. by 35.8% in the third quarter. AIA Group Ltd now owns 131,010 shares of the financial services provider’s stock worth $41,324,000 after purchasing an additional 34,535 shares during the last quarter. Keel Point LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.9% in the third quarter. Keel Point LLC now owns 19,853 shares of the financial services provider’s stock worth $6,262,000 after buying an additional 375 shares during the period. Lindenwold Advisors INC lifted its stake in shares of JPMorgan Chase & Co. by 0.6% in the 3rd quarter. Lindenwold Advisors INC now owns 11,881 shares of the financial services provider’s stock valued at $3,747,000 after acquiring an additional 67 shares during the last quarter. Mirabella Financial Services LLP boosted its holdings in JPMorgan Chase & Co. by 127.4% during the 3rd quarter. Mirabella Financial Services LLP now owns 39,566 shares of the financial services provider’s stock valued at $12,456,000 after acquiring an additional 22,164 shares during the period. Finally, Saranac Partners Ltd purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at about $8,508,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile

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.