JPMorgan Chase & Co. (NYSE:JPM) Given Buy Rating at Barclays

Barclays reissued their buy rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research note published on Wednesday,MarketScreener reports.

Several other equities analysts have also issued reports on JPM. Loop Capital set a $310.00 price target on shares of JPMorgan Chase & Co. in a report on Thursday, October 23rd. Wall Street Zen lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Zacks Research downgraded JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. HSBC reaffirmed a “hold” rating and set a $245.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 7th. Finally, The Goldman Sachs Group boosted their price objective on JPMorgan Chase & Co. from $354.00 to $386.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Fifteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $336.32.

JPMorgan Chase & Co. Trading Up 0.5%

Shares of JPMorgan Chase & Co. stock traded up $1.45 during trading on Wednesday, hitting $309.32. 14,740,119 shares of the company were exchanged, compared to its average volume of 12,761,427. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.85 and a quick ratio of 0.86. The firm has a market capitalization of $842.05 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 1.52 and a beta of 1.07. The firm’s fifty day moving average price is $315.52 and its 200 day moving average price is $305.01. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $337.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share for the quarter, beating analysts’ consensus estimates of $4.93 by $0.30. The business had revenue of $46.77 billion for the quarter, compared to the consensus estimate of $45.98 billion. JPMorgan Chase & Co. had a net margin of 20.35% and a return on equity of 17.16%. JPMorgan Chase & Co.’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company posted $4.81 EPS. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Tuesday, January 6th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, January 6th. JPMorgan Chase & Co.’s payout ratio is currently 29.99%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 966 shares of JPMorgan Chase & Co. stock in a transaction on Friday, November 7th. The shares were sold at an average price of $311.92, for a total value of $301,314.72. Following the sale, the insider directly owned 58,479 shares in the company, valued at approximately $18,240,769.68. The trade was a 1.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several hedge funds have recently modified their holdings of JPM. Creative Planning increased its holdings in shares of JPMorgan Chase & Co. by 2.2% during the second quarter. Creative Planning now owns 1,364,887 shares of the financial services provider’s stock worth $395,695,000 after buying an additional 29,844 shares in the last quarter. Aviva PLC boosted its holdings in shares of JPMorgan Chase & Co. by 6.0% during the 2nd quarter. Aviva PLC now owns 2,232,458 shares of the financial services provider’s stock valued at $647,212,000 after acquiring an additional 126,742 shares in the last quarter. Triangle Securities Wealth Management grew its position in JPMorgan Chase & Co. by 14.1% during the 3rd quarter. Triangle Securities Wealth Management now owns 25,822 shares of the financial services provider’s stock worth $8,145,000 after acquiring an additional 3,191 shares during the last quarter. Kelman Lazarov Inc. increased its holdings in JPMorgan Chase & Co. by 16.9% in the 2nd quarter. Kelman Lazarov Inc. now owns 1,257 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 182 shares in the last quarter. Finally, Gladwyn Financial Advisors Inc. bought a new position in JPMorgan Chase & Co. in the second quarter valued at about $534,000. Institutional investors own 71.55% of the company’s stock.

Key JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: Q4 results beat consensus (EPS and revenue beats), supporting underlying earnings momentum and revenue growth. JPMorgan Chase (JPM) Stock: Wall Street Dumps Shares Despite Earnings Win
• Positive Sentiment: Wall Street banks pushed record totals in dividends and buybacks, a tailwind for JPM shareholder returns and valuation support. Wall Street Banks Pay Out Record Total in Dividends and Buybacks
• Positive Sentiment: JPMorgan is investing in algo/electronic trading by creating a new quantitative trading and research unit — a move that could boost trading margins over time. JPMorgan Forms New Quant Unit As Electronic Trading Rivalry Intensifies
• Positive Sentiment: An institutional fund (Mn Services) added to its JPM position in the latest 13F filing — a small but constructive sign of demand from a large investor. Fund Update: Mn Services Vermogensbeheer B.V. Just Disclosed New Holdings
• Neutral Sentiment: CEO Jamie Dimon said he plans to stay “at least” five more years — a leadership-stability signal, though his spokesperson called it a joke. JPMorgan CEO Jamie Dimon says he wants to stay in job at least 5 more years
• Neutral Sentiment: Some analysts reiterated Buy ratings and raised targets after the quarter, providing research support that can limit downside. Reiterating JPMorgan Buy: Solid Fundamentals…
• Negative Sentiment: Bank shares initially sold off after earnings — investors punished the sector on valuation concerns and worry that upside was already priced in. That earlier weakness remains a volatility risk. Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem?
• Negative Sentiment: Political risk: proposals to cap credit-card interest rates (widely reported) are a direct overhang on JPM’s card business and were explicitly called out by bank executives as potentially damaging to margins. Under threat from Trump, Wall Street banks wager they can fend off credit card price controls

About JPMorgan Chase & Co.

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.