JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 0.1% - Is It a Good Buy?

On Monday, shares of JPMorgan Chase & Co. (NYSE:JPM) experienced a slight increase of 0.1%. The stock reached a high of $279.23 during trading, before closing at $276.61. A total of approximately 5,685,344 shares were traded, which is a 40% decrease compared to the average daily volume of 9,537,344 shares. Prior to Monday's trading, the stock had closed at $276.32.

Analyst Ratings and Changes

Several analysts have recently provided updates on JPMorgan's stock. UBS Group increased their target price from $276.00 to $287.00 and maintained a "buy" rating as of January 16th. Meanwhile, Piper Sandler revised their price target from $240.00 to $275.00, labeling the stock as "overweight" on December 3rd. Conversely, Baird downgraded JPMorgan's shares from a "hold" to a "strong sell" rating on November 7th. Barclays raised their target from $304.00 to $330.00, classifying the stock as "overweight" as well. Additionally, Wells Fargo adjusted their price target from $240.00 to $270.00 and assigned an "overweight" rating on November 15th. Currently, the consensus from market analysts indicates two sell ratings, eight hold ratings, and ten buy ratings, which gives the stock an overall rating of "Hold" with an average target price of $251.78.

Performance Metrics for JPMorgan Chase & Co.

The company's 50-day moving average is $253.02, while the 200-day moving average sits at $232.89. JPMorgan maintains a debt-to-equity ratio of 1.24, with quick and current ratios of 0.89 and 0.88, respectively. Its market capitalization is $778.74 billion, with a price-to-earnings (P/E) ratio of 14.01, a price/earnings to growth (PEG) ratio of 2.94, and a beta value of 1.12.

Recently, JPMorgan reported its quarterly earnings, revealing an earnings per share (EPS) of $4.81 for the latest quarter, which surpasses analysts' expectations of $4.03 by $0.78. The firm's return on equity was recorded at 16.99%, with a net profit margin of 20.96%. The company's quarterly revenue totaled $42.77 billion, exceeding the consensus estimate of $41.90 billion. Compared to the same period last year, revenue increased by 10.9%. Analysts project an EPS of 18.05 for the current year.

Dividend Information

On another note, JPMorgan also declared a quarterly dividend that was distributed on January 31st. Shareholders on record by January 6th received a dividend of $1.25, which amounts to an annualized dividend of $5.00, delivering a dividend yield of 1.81%. The ex-dividend date was set for January 6th, and the company's current payout ratio stands at 25.33%.

Insider Trading Activity

In recent insider news, General Counsel Stacey Friedman sold 3,303 shares on January 16th at an average price of $253.94, totaling approximately $838,763.82. Following this transaction, Friedman holds 47,620 shares in the company valued at about $12,092,622.80, marking a 6.49% decrease in her position. This information was disclosed to the SEC and is publicly available.

Institutional Investors' Moves

In terms of institutional investment, several hedge funds have adjusted their positions in JPMorgan. Notable transactions include Mizuho Securities acquiring a new position worth $25,000 in the third quarter, followed by Catalyst Capital Advisors with an investment of around $27,000 during the same quarter. Other firms, such as Redwood Park Advisors and Sellwood Investment Partners, also purchased new stakes in the company recently. Overall, institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Overview

JPMorgan Chase & Co. is a prominent financial holding company, offering a comprehensive array of financial and investment banking services. Their operations encompass advising on corporate strategy and structure, capital raising in debt and equity markets, risk management, market making, and providing brokerage and research services.

JPMorgan, Finance, Stocks