Shares of JPMorgan Chase & Co. (NYSE:JPM) fell 1.4%

JPMorgan Chase & Co. (NYSE:JPM) fell 1.4% on Tuesday. The company traded as high as $206.19 and last traded at $207.85. During trading, 2,264,068 shares were traded, down 75% from the session’s average volume of 9,135,622 shares. Shares previously closed at $210.86.

Analysts set new price targets

JPM has been the subject of several analyst reports. Oppenheimer raised its price target on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $220.00 to $224.00 in a research note on Monday. Barclays raised its price objective on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a report. in a research report on Tuesday, September 3rd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Moderate Buy” and a consensus price target of $211.31, based on data from MarketBeat.com.

Check out our latest research report on JPM

The price performance of JPMorgan Chase & Co

The firm has a market cap of $597.71 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12. The stock’s fifty day moving average price is $211.48 and its two hundred day moving average price is $202.73. The company has a current ratio of 0.91, a quick ratio of 0.91, and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM – Get Your Free Report ) last released its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping the consensus estimate of $4.19 by $1.93. The firm had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. In the same quarter last year, the company earned $4.37 per share. Equities research analysts expect JPMorgan Chase & Co. to post 16.72 EPS for the current year.

JPMorgan Chase & Co. increase dividends

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a dividend of $1.25 per share. This represents an annualized dividend of $5.00 and a dividend yield of 2.40%. The ex-dividend date is Friday, October 4. That’s a boost from JPMorgan Chase & Co.’s previous quarterly dividend. of $1.15. JPMorgan Chase & Co.’s dividend payout ratio. is 27.89%.

Hedge funds influence JPMorgan Chase & Co.

Several institutional investors have recently bought and sold shares of JPM. Instrumental Wealth LLC raised its stake in JPMorgan Chase & Co. by 4.5% during the second quarter. Instrumental Wealth LLC now owns 1,101 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 47 shares during the last quarter. Gemmer Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 1.6% during the second quarter. Gemmer Asset Management LLC now owns 3,135 shares of the financial services provider’s stock worth $634,000 after purchasing an additional 48 shares during the period. Great Point Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. by 0.9% in the second quarter. Great Point Wealth Advisors LLC now owns 5,690 shares of the financial services provider’s stock valued at $1,151,000 after acquiring an additional 48 shares during the last quarter. Northside Capital Management LLC increased its stake in JPMorgan Chase & Co. by 0.7% during the second quarter. Northside Capital Management LLC now owns 6,750 shares of the financial services provider’s stock worth $1,365,000 after acquiring an additional 50 shares during the last quarter. Finally, Highland Financial Advisors LLC grew its holdings in JPMorgan Chase & Co. by 0.7% in the second quarter. Highland Financial Advisors LLC now owns 7,056 shares of the financial services provider’s stock worth $1,427,000 after purchasing an additional 50 shares during the period. 71.55% of shares are owned by institutional investors and hedge funds.

Company Profile JPMorgan Chase & Co

(Get a free report)

JPMorgan Chase & Co. operates as a global financial services company. 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, leasing and travel services for consumers and small businesses through bank branches, ATMs and digital and phone banking.

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