JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 0.1% - Should You Buy?

On Monday, shares of JPMorgan Chase & Co. (NYSE:JPM) saw a slight increase of 0.1%. The stock reached a high of $279.23 before settling at $276.61. Trading volume for the day was approximately 5,685,344 shares, which marks a 40% decline from its average daily volume of 9,537,344 shares. The previous closing price was $276.32.

Analyst Ratings and Insights

Numerous brokerages have recently provided updates regarding JPMorgan's stock. For instance, UBS Group raised its target price for JPMorgan shares from $276.00 to $287.00, suggesting a 'buy' rating. Similarly, Piper Sandler increased their price target from $240.00 to $275.00, rating it as 'overweight' in a report released on December 3rd. However, not all reports were positive; Baird R W downgraded JPM shares from 'hold' to 'strong sell' on November 7th. On the brighter side, Barclays set a higher target price for JPM from $304.00 to $330.00, maintaining an 'overweight' rating. Wells Fargo also bumped up their target from $240.00 to $270.00 with an 'overweight' rating. Currently, two research analysts have assigned sell ratings, eight recommend holding, and ten analysts are bullish on the stock. MarketBeat indicates a consensus rating of 'Hold' with an average price target of $251.78.

Price Performance Analysis

The stock's performance can be examined further with its moving averages; the 50-day moving average is $253.02, while the 200-day moving average stands at $232.89. Furthermore, JPMorgan's debt-to-equity ratio is 1.24, with a quick ratio of 0.89 and a current ratio of 0.88. The company's market capitalization is noted at $778.74 billion, with a price-to-earnings ratio of 14.01 and a PEG ratio of 2.94. The beta value is 1.12, indicating its volatility compared to the market.

Quarterly Earnings Report

JPMorgan Chase & Co. released its quarterly earnings report on January 15th, reporting an earnings-per-share (EPS) of $4.81, which surpassed the expected $4.03 by $0.78. The company achieved a return on equity of 16.99% and a net margin of 20.96%. Revenue for the quarter was reported at $42.77 billion, exceeding the consensus estimate of $41.90 billion. This is a notable increase from a year ago, where the EPS was just $3.04. Analysts project that the firm will generate an EPS of 18.05 for the current year.

Dividends by JPMorgan Chase & Co.

Recently, the company declared a quarterly dividend, which was distributed on January 31st. The dividend of $1.25 applies to investors who were recorded on January 6th, leading to an annualized dividend of $5.00 and a dividend yield of 1.81%. The ex-dividend date also fell on January 6th. Currently, JPMorgan's payout ratio is at 25.33%.

Insider Transactions

In terms of insider activity, General Counsel Stacey Friedman sold 3,303 shares of JPM stock on January 16th, receiving an average price of $253.94. This sale totaled approximately $838,764 and reflects a 6.49% decrease in their position. Post-sale, Friedman retains ownership of 47,620 shares valued at around $12.09 million. This transaction was filed with the SEC, highlighting that insiders own about 0.79% of the company’s stock.

Institutional Holdings

Looking at hedge fund activity, several firms have made changes in their positions concerning JPMorgan Chase. For example, Mizuho Securities acquired a new stake during the third quarter valued at $25,000. Catalyst Capital Advisors purchased approximately $27,000 in the same quarter, while Redwood Park Advisors acquired shares worth about $29,000 in the fourth quarter. Sellwood Investment Partners made an investment around $34,000, and another institutional investor, Investment Counsel Co. of Nevada, also entered a new stake valued at $37,000. Overall, institutional investors control 71.55% of JPMorgan’s outstanding shares.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. is a prominent financial services holding company that provides a wide array of financial and investment banking services. It engages in various investment banking activities across the capital markets, including advisory services regarding corporate strategy, capital raising in equity and debt markets, risk management, and brokerage services.

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