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

On Monday, shares of JPMorgan Chase & Co. (NYSE:JPM) saw a slight increase of 0.1%. The stock reached a high of $279.23 before closing at $276.61. Total trading volume for the day was around 5,685,344 shares, which marks a significant decrease of 40% compared to the average daily volume of 9,537,344 shares. The previous closing price was $276.32.

Analyst Upgrades and Downgrades

In recent updates from various brokerages, several analysts have made adjustments regarding their outlook on JPMorgan Chase & Co. UBS Group increased their target price from $276.00 to $287.00 and assigned a "buy" rating to the stock on January 16th. Similarly, Piper Sandler raised their target price from $240.00 to $275.00 with an "overweight" rating on December 3rd. Conversely, on November 7th, Baird R W downgraded the stock from a "hold" to a "strong sell" rating.

Barclays also raised their target price from $304.00 to $330.00 on January 16th, calling it an "overweight" stock. Wells Fargo & Company set their price target from $240.00 to $270.00, also giving it an "overweight" rating on November 15th. Overall, two analysts rated the stock as a sell, eight as a hold, and ten provided a buy rating. Currently, the consensus rating is "Hold" with an average price target sitting at $251.78.

JPMorgan Chase & Co. Price Performance

The company has a 50-day moving average at $253.02 and a 200-day moving average at $232.89. JPMorgan Chase & Co. reports a market capitalization of $778.74 billion, a P/E ratio of 14.01, a PEG ratio of 2.94, and a beta of 1.12. In their latest quarterly earnings call on January 15th, the company reported earnings per share (EPS) of $4.81, exceeding the consensus estimate of $4.03 by $0.78. The revenue for the quarter was $42.77 billion, outpacing the expected $41.90 billion, with a year-over-year revenue increase of 10.9%.

JPMorgan Chase & Co. Announces Dividend

The financial services firm also declared a quarterly dividend of $1.25 per share, paid on January 31st. This dividend reflects an annualized amount of $5.00, giving a yield of 1.81%. The ex-dividend date was January 6th, and the current payout ratio stands at 25.33%.

Insiders Place Their Bets

In insider news, General Counsel Stacey Friedman sold 3,303 shares on January 16th at an average price of $253.94, resulting in a total sale value of approximately $838,764. Despite this sale, Friedman continues to hold 47,620 shares worth about $12.09 million, indicating a 6.49% decrease in their holdings. This sale was reported to the SEC.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Hedge fund activity around JPMorgan Chase & Co. has seen some modifications. For example, Mizuho Securities Co. Ltd. established a new position worth $25,000 in the third quarter. During the same period, Catalyst Capital Advisors LLC invested approximately $27,000 in the stock. Other notable new stakes include Redwood Park Advisors with $29,000, Sellwood Investment Partners with $34,000, and Investment Counsel Co. of Nevada with about $37,000. Hedge funds and institutional investors collectively hold around 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co. is a financial holding company providing a wide range of financial and investment banking services. This includes advising businesses on corporate strategies, raising capital through equity and debt markets, and offering risk management services along with market making in cash securities and derivatives.

Conclusion

Given the recent stock performance, just above the previous close, and analysts' varying opinions, investors may want to consider how the company’s financial health and future growth align with their investment goals before deciding to buy shares.

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