JPMorgan Chase & Co. (NYSE:JPM) Price Target Lowered to $215.00 at Piper Sandler

JPMorgan Chase & Co. (NYSE:JPM) had its price objective trimmed by Piper Sandler from $220.00 to $215.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Several other research firms also recently weighed in on JPM. Evercore ISI upped their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an outperform rating in a report on Thursday, April 4th. Royal Bank of Canada reaffirmed an outperform rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Bank of America upped their price objective on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a buy rating in a report on Thursday, January 4th. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an overweight rating in a report on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a market perform rating in a research report on Friday, April 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $192.05.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $181.14 on Monday. The company has a market capitalization of $520.25 billion, a P/E ratio of 10.94, a PEG ratio of 2.27 and a beta of 1.15. The company has a 50-day simple moving average of $188.61 and a 200 day simple moving average of $168.59. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week high of $200.94. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. Increases Dividend

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

Insiders Place Their Bets

In other news, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the transaction, the chief executive officer now owns 595,316 shares in the company, valued at approximately $108,782,092.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the transaction, the chief executive officer now owns 595,316 shares in the company, valued at approximately $108,782,092.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the transaction, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,020,696 shares of company stock worth $186,794,151. Company insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Large investors have recently made changes to their positions in the business. Stone House Investment Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 132.8% in the 4th 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 period. Macroview Investment Management LLC grew its stake in shares of JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after buying an additional 235 shares in the last quarter. Richardson Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $34,000. Bare Financial Services Inc bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $35,000. Finally, Partnership Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds 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.