JPMorgan Chase & Co. (NYSE:JPM) Price Target Cut to $216.00

JPMorgan Chase & Co. (NYSE:JPM) had its price objective decreased by Morgan Stanley from $221.00 to $216.00 in a research note published on Monday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the financial services provider’s stock.

Several other equities research analysts have also issued reports on the company. Bank of America raised their target price on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a buy rating in a research report on Thursday, January 4th. Barclays raised their target price on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an overweight rating in a research report on Tuesday, January 2nd. Oppenheimer decreased their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an outperform rating for the company in a research report on Monday. Evercore ISI raised their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an outperform rating in a research report on Thursday, April 4th. Finally, The Goldman Sachs Group reissued a buy rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Eight research analysts have rated the stock with a hold rating and thirteen 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 price target of $192.05.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $179.96 on Monday. JPMorgan Chase & Co. has a 1-year low of $131.81 and a 1-year high of $200.94. The stock has a market cap of $516.86 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 2.30 and a beta of 1.15. The stock’s fifty day simple moving average is $188.48 and its two-hundred day simple moving average is $168.50. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a $1.15 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.56%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the sale, the chief executive officer now owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the transaction, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several hedge funds have recently made changes to their positions in the business. Sandy Cove Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 20.3% during the first quarter. Sandy Cove Advisors LLC now owns 9,433 shares of the financial services provider’s stock valued at $1,889,000 after buying an additional 1,590 shares during the period. D.B. Root & Company LLC grew its stake in JPMorgan Chase & Co. by 97.2% in the first quarter. D.B. Root & Company LLC now owns 2,798 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 1,379 shares during the period. Red Door Wealth Management LLC grew its stake in JPMorgan Chase & Co. by 1.4% in the first quarter. Red Door Wealth Management LLC now owns 59,205 shares of the financial services provider’s stock worth $11,859,000 after purchasing an additional 810 shares during the period. Avalon Capital Management grew its stake in JPMorgan Chase & Co. by 4.9% in the first quarter. Avalon Capital Management now owns 1,653 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 77 shares during the period. Finally, Cornerstone Wealth Group LLC grew its stake in JPMorgan Chase & Co. by 30.9% in the first quarter. Cornerstone Wealth Group LLC now owns 59,270 shares of the financial services provider’s stock worth $11,872,000 after purchasing an additional 14,003 shares during the period. 71.55% of the stock is owned by hedge funds and other 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.