JPMorgan Chase & Co. (NYSE:JPM) Shares Up 1.8% – Should You Buy?

JPMorgan Chase & Co. (NYSE:JPM)’s share price shot up 1.8% during trading on Monday . The company traded as high as $242.10 and last traded at $241.34. 2,026,213 shares were traded during trading, a decline of 78% from the average session volume of 9,062,673 shares. The stock had previously closed at $236.98.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of recent analyst reports. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a research note on Thursday, November 7th. Evercore ISI increased their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Oppenheimer lifted their price objective on shares of JPMorgan Chase & Co. from $232.00 to $241.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Daiwa Capital Markets reduced their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Finally, Barclays raised their price target on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and an average price target of $224.31.

JPMorgan Chase & Co. Trading Up 0.7 %

The stock has a 50 day moving average of $217.92 and a 200 day moving average of $209.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $679.17 billion, a P/E ratio of 13.49, a PEG ratio of 3.48 and a beta of 1.10.

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

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a $1.25 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.07%. JPMorgan Chase & Co.’s dividend payout ratio is 27.82%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JPM. Shum Financial Group Inc. bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at about $2,493,000. Sanders Capital LLC raised its position in JPMorgan Chase & Co. by 0.6% during the 3rd quarter. Sanders Capital LLC now owns 8,194,767 shares of the financial services provider’s stock valued at $1,727,949,000 after purchasing an additional 49,695 shares during the last quarter. Brooklyn Investment Group lifted its holdings in JPMorgan Chase & Co. by 8.0% in the 3rd quarter. Brooklyn Investment Group now owns 18,493 shares of the financial services provider’s stock worth $3,899,000 after buying an additional 1,372 shares during the period. Elios Financial Group Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $652,000. Finally, Blue Investment Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 42.9% during the third quarter. Blue Investment Partners LLC now owns 2,062 shares of the financial services provider’s stock valued at $435,000 after buying an additional 619 shares during the period. 71.55% of the stock is owned by institutional investors.

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.