JPMorgan Chase & Co. (NYSE:JPM) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $264.25 and last traded at $263.09, with a volume of 13708564 shares traded. The stock had previously closed at $259.16.
Wall Street Analysts Forecast Growth
JPM has been the subject of several research analyst reports. Citigroup upped their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Barclays raised their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $251.78.
Read Our Latest Stock Report on JPM
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the previous year, the company posted $3.04 EPS. JPMorgan Chase & Co.’s revenue was up 10.9% on a year-over-year basis. On average, analysts predict that JPMorgan Chase & Co. will post 17.65 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is currently 25.33%.
Insider Transactions at JPMorgan Chase & Co.
In related news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.79% of the company’s stock.
Institutional Trading of JPMorgan Chase & Co.
Several large investors have recently added to or reduced their stakes in the business. OLIO Financial Planning bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at about $545,000. Regatta Capital Group LLC grew its position in shares of JPMorgan Chase & Co. by 2.8% in the fourth quarter. Regatta Capital Group LLC now owns 22,021 shares of the financial services provider’s stock valued at $5,279,000 after purchasing an additional 607 shares during the last quarter. Embree Financial Group increased its stake in shares of JPMorgan Chase & Co. by 0.4% in the fourth quarter. Embree Financial Group now owns 46,095 shares of the financial services provider’s stock worth $11,049,000 after purchasing an additional 175 shares during the period. Affinity Wealth Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 4.1% during the fourth quarter. Affinity Wealth Management LLC now owns 18,702 shares of the financial services provider’s stock worth $4,483,000 after buying an additional 728 shares during the last quarter. Finally, Crescent Grove Advisors LLC raised its stake in JPMorgan Chase & Co. by 20.4% during the 4th quarter. Crescent Grove Advisors LLC now owns 10,578 shares of the financial services provider’s stock valued at $2,536,000 after purchasing an additional 1,791 shares during the last quarter. 71.55% of the stock is owned by institutional investors.
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.
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