JPMorgan Chase & Co. (NYSE:JPM) Now Covered by Truist Financial

Truist Financial assumed coverage on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research report sent to investors on Tuesday,Benzinga reports. The brokerage issued a hold rating and a $260.00 price target on the financial services provider’s stock.

Several other equities analysts also recently commented on the stock. Evercore ISI upped their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report on Friday, January 3rd. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a report on Thursday, November 7th. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and an average target price of $245.83.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $243.03 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a one year low of $164.30 and a one year high of $254.31. The business’s 50 day simple moving average is $241.25 and its two-hundred day simple moving average is $222.25. The stock has a market capitalization of $684.21 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. The company had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.33 EPS. Analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.82%.

Institutional Trading of JPMorgan Chase & Co.

Institutional investors have recently added to or reduced their stakes in the business. Legacy Private Trust Co. lifted its holdings in shares of JPMorgan Chase & Co. by 3.2% during the fourth quarter. Legacy Private Trust Co. now owns 72,206 shares of the financial services provider’s stock valued at $17,308,000 after purchasing an additional 2,249 shares in the last quarter. First Hawaiian Bank raised its position in JPMorgan Chase & Co. by 1.0% in the 4th quarter. First Hawaiian Bank now owns 47,964 shares of the financial services provider’s stock worth $11,497,000 after buying an additional 460 shares during the last quarter. InvesTrust bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $10,578,000. Private Client Services LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.6% during the 4th quarter. Private Client Services LLC now owns 5,708 shares of the financial services provider’s stock valued at $1,368,000 after acquiring an additional 91 shares during the last quarter. Finally, Sterneck Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 1.8% in the fourth quarter. Sterneck Capital Management LLC now owns 5,299 shares of the financial services provider’s stock worth $1,270,000 after acquiring an additional 93 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. 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, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.