JPMorgan Chase & Co. (NYSE:JPM) Price Target Raised to $304.00 at Barclays

JPMorgan Chase & Co. (NYSE:JPM) had its price target increased by Barclays from $257.00 to $304.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Evercore ISI boosted their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Piper Sandler increased their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Royal Bank of Canada boosted their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $242.81.

JPMorgan Chase & Co. Stock Down 1.0 %

NYSE JPM opened at $240.94 on Monday. The stock has a 50 day moving average price of $240.05 and a 200-day moving average price of $221.62. JPMorgan Chase & Co. has a one year low of $164.30 and a one year high of $254.31. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $678.33 billion, a P/E ratio of 13.41, a P/E/G ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter in the prior year, the firm earned $4.33 earnings per share. JPMorgan Chase & Co.’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm 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 dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several hedge funds have recently modified their holdings of the business. Canandaigua National Trust Co of Florida raised its position in shares of JPMorgan Chase & Co. by 10.7% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 5,140 shares of the financial services provider’s stock worth $1,232,000 after acquiring an additional 496 shares in the last quarter. Fortem Financial Group LLC raised its holdings in JPMorgan Chase & Co. by 2.8% in the fourth quarter. Fortem Financial Group LLC now owns 12,174 shares of the financial services provider’s stock worth $2,918,000 after purchasing an additional 333 shares in the last quarter. Capital Market Strategies LLC raised its holdings in JPMorgan Chase & Co. by 2.6% in the fourth quarter. Capital Market Strategies LLC now owns 2,220 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 57 shares in the last quarter. Neville Rodie & Shaw Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 3.1% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 141,181 shares of the financial services provider’s stock valued at $33,842,000 after buying an additional 4,181 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 11.9% in the 4th quarter. CWA Asset Management Group LLC now owns 107,146 shares of the financial services provider’s stock valued at $25,684,000 after buying an additional 11,398 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

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.