JPMorgan Chase & Co. (NYSE:JPM) Shares Up 1.4% - Should You Buy?

Key Points

• JPMorgan Chase & Co. shares rose by 1.4% to close at $293.66 following a decrease in trading volume by 82% from average levels.
• Recent analysts' ratings show a mix, with one firm lowering its rating from "moderate buy" to "hold," while others set target prices ranging from $290.00 to $305.00.
• The company reported $4.96 EPS for the last quarter, surpassing expectations but reflecting a 10.5% revenue decline year-over-year.

Shares of JPMorgan Chase & Co. (NYSE:JPM) were up 1.4% during mid-day trading on Tuesday . The company traded as high as $294.75 and last traded at $293.66. Approximately 1,797,915 shares changed hands during trading, a decline of 82% from the average daily volume of 9,942,565 shares. The stock had previously closed at $289.56.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JPM. Piper Sandler restated an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a "buy" rating and a $305.00 target price on the stock. Citigroup set a $275.00 price target on shares of JPMorgan Chase & Co. and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Evercore ISI set a $298.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research note on Monday, July 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

JPMorgan Chase & Co. Stock Performance

The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The business has a 50-day moving average of $284.76 and a 200-day moving average of $263.06. The company has a market capitalization of $802.01 billion, a P/E ratio of 14.96, a P/E/G ratio of 1.92 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter in the prior year, the firm posted $6.12 earnings per share. The business's revenue for the quarter was down 10.5% on a year-over-year basis. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were paid a dividend of $1.40 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.73%.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 2,821 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $749,567.91. Following the completion of the transaction, the general counsel owned 68,757 shares in the company, valued at $18,269,422.47. The trade was a 3.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the sale, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,557 shares of company stock worth $4,113,796. Company insiders own 0.47% of the company's stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Large investors have recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC raised its position in JPMorgan Chase & Co. by 0.4% during the 2nd quarter. JFS Wealth Advisors LLC now owns 7,897 shares of the financial services provider's stock valued at $2,290,000 after purchasing an additional 35 shares in the last quarter. Cottonwood Capital Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.9% in the second quarter. Cottonwood Capital Advisors LLC now owns 3,837 shares of the financial services provider's stock valued at $1,112,000 after acquiring an additional 35 shares in the last quarter. Coign Capital Advisors LLC lifted its stake in JPMorgan Chase & Co. by 1.2% in the second quarter. Coign Capital Advisors LLC now owns 2,854 shares of the financial services provider's stock worth $827,000 after acquiring an additional 35 shares during the period. Rialto Wealth Management LLC grew its holdings in JPMorgan Chase & Co. by 3.9% during the 2nd quarter. Rialto Wealth Management LLC now owns 929 shares of the financial services provider's stock worth $269,000 after acquiring an additional 35 shares in the last quarter. Finally, Breed s Hill Capital LLC increased its position in JPMorgan Chase & Co. by 0.8% during the 2nd quarter. Breed s Hill Capital LLC now owns 4,642 shares of the financial services provider's stock valued at $1,346,000 after purchasing an additional 35 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.