JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 0.1% - Still a 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 before closing at $276.61. During the trading session, approximately 5,685,344 shares were traded, which is 40% lower than the average daily volume of 9,537,344 shares. The previous close for the stock was $276.32.

Analyst Ratings

Recent reports from various brokerages regarding JPMorgan Chase & Co. have produced a mix of upgrades and downgrades. For instance, UBS Group increased their target price for the stock from $276.00 to $287.00, maintaining a "buy" rating as of January 16th. Piper Sandler also increased their price target from $240.00 to $275.00 with an "overweight" rating as of December 3rd. Conversely, Baird R W downgraded the stock from "hold" to "strong sell" on November 7th.

On January 16th, Barclays raised their target price from $304.00 to $330.00 while giving it an "overweight" rating. Wells Fargo & Company similarly increased their target from $240.00 to $270.00, also giving an "overweight" rating as of November 15th. Currently, two analysts rate the stock as a sell, eight as hold, and ten as buy. According to MarketBeat, the overall consensus rating is "Hold" with an average price target of $251.78.

Price Performance and Financials

The company's 50-day moving average currently stands at $253.02, while the 200-day moving average is at $232.89. JPMorgan Chase & Co. has a debt-to-equity ratio of 1.24, a quick ratio of 0.89, and a current ratio of 0.88. The firm's market capitalization is approximately $778.74 billion, with a price-to-earnings (P/E) ratio of 14.01, a price-to-earnings growth (PEG) ratio of 2.94, and a beta of 1.12.

In the last quarterly earnings report released on January 15th, the company reported an earnings per share (EPS) of $4.81, exceeding the consensus estimate of $4.03. The return on equity for the company was 16.99% with a net margin of 20.96%; total revenue for the quarter was $42.77 billion, surpassing the expected $41.90 billion. Year-over-year, revenue grew by 10.9% compared to the same period last year.

Dividend Information

Recently, JPMorgan Chase & Co. declared a quarterly dividend, which was paid on January 31st. Shareholders who were on record as of January 6th received a dividend of $1.25 per share. This translates to an annualized dividend of $5.00, resulting in a yield of 1.81%. The company’s payout ratio currently sits at 25.33%.

Insider Transactions

In other recent developments, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock on January 16th at an average price of $253.94, totaling approximately $838,763.82. Following this transaction, she retained 47,620 shares, valued at about $12,092,622.80, reflecting a 6.49% decrease in her holdings. This information was made public in a filing with the SEC.

Institutional Involvement

Recent activities by hedge funds indicate changing strategies regarding JPMorgan Chase & Co. Mizuho Securities Co. Ltd. acquired a new position in the third quarter valued at $25,000. Catalyst Capital Advisors LLC also invested at approximately $27,000 during the same period. Additionally, Redwood Park Advisors LLC and Sellwood Investment Partners LLC made new stakes in JPMorgan Chase & Co. in the fourth quarter, valued at roughly $29,000 and $34,000, respectively. Currently, hedge funds and institutional investors collectively hold about 71.55% of the company’s stock.

Company Overview

JPMorgan Chase & Co. is a prominent financial holding company that provides an extensive range of financial services, including investment banking and brokerage services. They specialize in offering advisory services on corporate strategy, capital raising, risk management, and market making.

Final Remarks

As JPMorgan Chase & Co. continues to show resilience in a fluctuating market, potential investors may wonder whether now is the right time to buy shares. With a mixed bag of analyst ratings and ongoing institutional support, the decision to invest should be made based on individual research and tolerance for risk.

JPMorgan, Stock, Investment