JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 1.7% - Should You Buy?

Key Points

• JPMorgan Chase & Co. stock increased by 1.7% to $297.84, trading volume was significantly lower at approximately 2.44 million shares.
• Analysts have mixed ratings on the stock, with a consensus price target of $291.67 and a rating of "Moderate Buy".
• The company reported $4.96 earnings per share for the last quarter, exceeding expectations, but revenue decreased 10.5% year-over-year to $44.91 billion.

JPMorgan Chase & Co. (NYSE:JPM)'s stock price rose 1.7% during mid-day trading on Tuesday . The stock traded as high as $299.00 and last traded at $297.84. Approximately 2,440,502 shares changed hands during trading, a decline of 75% from the average daily volume of 9,624,514 shares. The stock had previously closed at $292.91.

Analyst Ratings Changes

JPM has been the subject of several recent research reports. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective for the company. in a report on Friday, June 27th. Finally, Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $291.67.

JPMorgan Chase & Co. Trading Up 1.7%

The company has a market capitalization of $818.96 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.96 and a beta of 1.13. The company has a 50-day moving average price of $293.21 and a 200-day moving average price of $266.22. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25.

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

Insider Activity

In related news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director directly owned 82,207 shares of the company's stock, valued at $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.47% of the company's stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of institutional investors have recently added to or reduced their stakes in JPM. Harbor Asset Planning Inc. acquired a new stake in JPMorgan Chase & Co. during the second quarter worth about $26,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $28,000. University of Illinois Foundation bought a new position in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. raised its position in JPMorgan Chase & Co. by 450.0% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 110 shares of the financial services provider's stock worth $32,000 after purchasing an additional 90 shares during the last quarter. Finally, Curat Global LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter worth approximately $33,000. 71.55% of the stock is owned by institutional investors and hedge funds.

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.

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