BMO Capital Markets Cuts JPMorgan Chase & Co. (NYSE:JPM) Price Target to $195.00

JPMorgan Chase & Co. (NYSE:JPM) had its price objective trimmed by BMO Capital Markets from $196.00 to $195.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

JPM has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a hold rating to a buy rating and upped their target price for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Piper Sandler increased their price objective on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an overweight rating in a research note on Tuesday, January 16th. Oppenheimer dropped their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an outperform rating for the company in a research note on Monday. Barclays increased their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an overweight rating in a research note on Tuesday, January 2nd. Finally, Jefferies Financial Group increased their price objective on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a buy rating in a research note on Monday, April 8th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $192.05.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $181.14 on Monday. The business has a fifty day simple moving average of $188.61 and a 200 day simple moving average of $168.59. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $520.25 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 2.27 and a beta of 1.15. JPMorgan Chase & Co. has a one year low of $131.81 and a one year high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.54%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 6,030 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. Insiders sold a total of 1,020,696 shares of company stock worth $186,794,151 over the last 90 days. 0.79% of the stock is owned by insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stone House Investment Management LLC increased its holdings in JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares during the last quarter. Richardson Capital Management LLC bought a new stake in JPMorgan Chase & Co. in the first quarter valued at about $34,000. Kathleen S. Wright Associates Inc. bought a new stake in JPMorgan Chase & Co. in the first quarter valued at about $40,000. Bare Financial Services Inc bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $35,000. Finally, Partnership Wealth Management LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $36,000. Institutional investors own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

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.