JPMorgan Chase & Co. (NYSE:JPM) Stock Has Average Price Target of $363.29

Key Points

• Analyst sentiment is moderately bullish: Twenty-eight analysts give JPMorgan Chase an average “Moderate Buy” rating, with 16 buys and 12 holds. The average 12-month price target is $363.29.
• JPMorgan delivered strong quarterly results: The bank reported $6.14 in earnings per share and $58.02 billion in revenue, exceeding analyst estimates; revenue increased 27.7% year over year.
• The dividend was increased: JPMorgan raised its quarterly dividend from $1.50 to $1.65 per share, equivalent to $6.60 annually and a 2.0% yield. Shares opened at $333.09, below the average analyst target.

Shares of JPMorgan Chase & Co. (NYSE:JPM) have been assigned an average rating of "Moderate Buy" from the twenty-eight analysts that are covering the stock, MarketBeat reports. Twelve research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $363.29.

A number of brokerages recently issued reports on JPM. Truist Financial boosted their target price on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a "hold" rating in a research report on Wednesday, July 15th. Robert W. Baird increased their price target on shares of JPMorgan Chase & Co. from $295.00 to $305.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. HSBC boosted their price objective on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the stock a "hold" rating in a report on Monday. Finally, Weiss Ratings upgraded shares of JPMorgan Chase & Co. from a "buy (b)" rating to a "buy (b+)" rating in a research note on Wednesday, September 2nd.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $333.09 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $885.42 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 1.38 and a beta of 1.02. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50. The firm has a 50 day moving average of $352.86 and a two-hundred day moving average of $327.08.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, beating analysts' consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The business had revenue of $58.02 billion for the quarter, compared to analyst estimates of $50.72 billion. During the same quarter in the prior year, the firm posted $4.96 EPS. The firm's revenue for the quarter was up 27.7% on a year-over-year basis. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 24.11 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be paid a dividend of $1.65 per share. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio is presently 25.71%.

Trending Headlines about JPMorgan Chase & Co.

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

• Positive Sentiment: Strong earnings setup: Analysts expect JPMorgan to potentially beat estimates again, citing its history of positive earnings surprises and favorable underlying factors. Its latest reported quarter also exceeded consensus expectations for both earnings and revenue. Will JPMorgan Chase & Co. Beat Estimates Again?
• Positive Sentiment: Dividend and capital appeal: JPMorgan remains a prominent income-stock candidate, with its dividend ex-date approaching. Analysts also highlight the bank’s capital cushion and track record as supporting dividend resilience during a downturn. JPM vs. BAC: The Bank Built to Sustain Dividend Growth
• Positive Sentiment: Potentially clearer regulatory planning: The Federal Reserve’s revised stress-testing framework is intended to reduce swings in bank capital requirements, which could improve JPMorgan’s ability to plan distributions and manage capital. Fed Revamps Bank Stress Tests
• Neutral Sentiment: Management succession planning: JPMorgan elevated Doug Petno and Troy Rohrbaugh to co-presidents as the board prepares for Jamie Dimon’s eventual succession. The move adds structure but also highlights uncertainty around replacing the long-serving CEO. JPMorgan Elevates Co-Presidents
• Neutral Sentiment: Bond-market activity: JPMorgan has completed several fixed-income offerings, increasing funding while investors assess the implications for its capital structure. The activity is not necessarily negative, but it may reinforce scrutiny of leverage and funding costs. JPMorgan Taps Bond Markets
• Negative Sentiment: Sector-wide selling: JPMorgan is being dragged lower with other money-center banks as investors reduce exposure to financial stocks. Citigroup and Bank of America also declined, indicating the pressure is broader than company-specific news. Bank Stocks Slide
• Negative Sentiment: Technical pressure: JPM shares are trading below their 50-day moving average, a signal that near-term momentum has weakened and that investors may remain cautious despite the stock’s longer-term fundamentals. JPMorgan Trades Below 50-Day SMA

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total value of $882,025.00. Following the completion of the transaction, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. This represents a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by company insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several institutional investors and hedge funds have recently made changes to their positions in JPM. State Street Corp lifted its stake in JPMorgan Chase & Co. by 0.8% in the second quarter. State Street Corp now owns 125,209,293 shares of the financial services provider's stock valued at $40,984,758,000 after buying an additional 932,632 shares during the period. Bank of America Corp DE increased its stake in shares of JPMorgan Chase & Co. by 6.1% in the 2nd quarter. Bank of America Corp DE now owns 69,666,753 shares of the financial services provider's stock valued at $22,804,018,000 after acquiring an additional 4,006,293 shares during the last quarter. Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $11,396,496,000. Bank of New York Mellon Corp raised its position in shares of JPMorgan Chase & Co. by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 21,642,804 shares of the financial services provider's stock valued at $7,084,339,000 after acquiring an additional 540,362 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in JPMorgan Chase & Co. by 0.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,833,413 shares of the financial services provider's stock worth $6,164,741,000 after acquiring an additional 134,634 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, investment banking, asset management, private banking, commercial banking, consumer lending and payment services to individuals, businesses, institutions and governments.

The company operates through major business areas that include Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management. Its products and services include deposit accounts, credit cards, mortgages, auto loans, business financing, investment and advisory services, securities trading and custody, payment processing, and wealth-management solutions.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across international markets.

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