JPMorgan Chase & Co. (NYSE:JPM) Coverage Initiated by Analysts at TD Cowen

TD Cowen initiated coverage on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research note published on Thursday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $305.00 target price on the financial services provider’s stock.

Several other research analysts have also weighed in on the stock. Bank of America lowered their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Evercore ISI lowered their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a research note on Tuesday, April 1st. KGI Securities started coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a “hold” rating for the company. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research note on Thursday, January 16th. Finally, Barclays increased their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $258.26.

JPMorgan Chase & Co. Trading Up 0.1%

Shares of JPM stock opened at $267.65 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a market cap of $743.83 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The company has a 50-day moving average of $240.72 and a two-hundred day moving average of $247.08. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $4.44 earnings per share. On average, analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were issued a $1.40 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date was Friday, April 4th. This represents a $5.60 annualized dividend and a yield of 2.09%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.49%.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now owns 158,381 shares of the company’s stock, valued at $42,737,529.04. This trade represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeremy Barnum sold 40,014 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the sale, the chief financial officer now directly owns 18,017 shares in the company, valued at approximately $4,518,123.09. This trade represents a 68.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,188 shares of company stock valued at $33,095,363 over the last 90 days. 0.47% of the stock is owned by corporate insiders.

Institutional Trading of JPMorgan Chase & Co.

Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in JPMorgan Chase & Co. by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider’s stock valued at $938,491,000 after purchasing an additional 319,730 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 2.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 6,517 shares of the financial services provider’s stock worth $1,562,000 after acquiring an additional 148 shares during the last quarter. RMR Wealth Builders grew its position in shares of JPMorgan Chase & Co. by 4.4% during the fourth quarter. RMR Wealth Builders now owns 33,057 shares of the financial services provider’s stock worth $7,924,000 after acquiring an additional 1,382 shares during the last quarter. Tuttle Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 34.5% during the fourth quarter. Tuttle Capital Management LLC now owns 1,996 shares of the financial services provider’s stock worth $478,000 after acquiring an additional 512 shares during the last quarter. Finally, McNaughton Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. by 0.9% during the fourth quarter. McNaughton Wealth Management LLC now owns 6,014 shares of the financial services provider’s stock worth $1,442,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

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.