Weekly Research Analysts’ Ratings Changes for JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (NYSE: JPM) recently received a number of ratings updates from brokerages and research firms:

• 12/3/2024 – JPMorgan Chase & Co. had its price target raised by analysts at Piper Sandler from $240.00 to $275.00. They now have an “overweight” rating on the stock.
• 12/3/2024 – JPMorgan Chase & Co. had its price target raised by analysts at Keefe, Bruyette & Woods from $216.00 to $254.00. They now have a “market perform” rating on the stock.
• 11/20/2024 – JPMorgan Chase & Co. was downgraded by analysts at Oppenheimer Holdings Inc. from an “outperform” rating to a “market perform” rating.
• 11/19/2024 – JPMorgan Chase & Co. had its price target raised by analysts at Citigroup Inc. from $215.00 to $250.00. They now have a “neutral” rating on the stock.
• 11/15/2024 – JPMorgan Chase & Co. had its price target raised by analysts at Wells Fargo & Company from $240.00 to $270.00. They now have an “overweight” rating on the stock.
• 11/7/2024 – JPMorgan Chase & Co. was downgraded by analysts at Robert W. Baird from a “neutral” rating to an “underperform” rating. They now have a $200.00 price target on the stock.
• 11/7/2024 – JPMorgan Chase & Co. was downgraded by analysts at Baird R W from a “hold” rating to a “strong sell” rating.
• 11/5/2024 – JPMorgan Chase & Co. had its price target raised by analysts at Oppenheimer Holdings Inc. from $232.00 to $241.00. They now have an “outperform” rating on the stock.
• 10/14/2024 – JPMorgan Chase & Co. had its price target raised by analysts at Barclays PLC from $217.00 to $257.00. They now have an “overweight” rating on the stock.
• 10/14/2024 – JPMorgan Chase & Co. had its price target lowered by analysts at Oppenheimer Holdings Inc. from $234.00 to $232.00. They now have an “outperform” rating on the stock.
• 10/14/2024 – JPMorgan Chase & Co. had its price target raised by analysts at Royal Bank of Canada from $211.00 to $230.00. They now have an “outperform” rating on the stock.
• 10/14/2024 – JPMorgan Chase & Co. had its price target raised by analysts at Evercore ISI from $217.00 to $230.00. They now have an “outperform” rating on the stock.
• 10/10/2024 – JPMorgan Chase & Co. had its price target lowered by analysts at Daiwa Capital Markets from $240.00 to $235.00. They now have an “overweight” rating on the stock.

JPMorgan Chase & Co. Trading Down 0.6 %

JPM opened at $244.82 on Wednesday. JPMorgan Chase & Co. has a 52 week low of $155.88 and a 52 week high of $254.31. The company has a market capitalization of $689.25 billion, a P/E ratio of 13.62, a PEG ratio of 3.57 and a beta of 1.11. The stock’s fifty day moving average is $228.56 and its two-hundred day moving average is $214.37. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same period in the previous year, the company posted $4.33 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.04%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.82%.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth $1,888,088,000. Fisher Asset Management LLC lifted its position in shares of JPMorgan Chase & Co. by 31.7% during the third quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider’s stock valued at $3,539,132,000 after buying an additional 4,043,841 shares during the last quarter. Wulff Hansen & CO. boosted its holdings in shares of JPMorgan Chase & Co. by 19,920.7% in the 2nd quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider’s stock valued at $566,632,000 after buying an additional 2,787,510 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of JPMorgan Chase & Co. by 137.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,376,176 shares of the financial services provider’s stock worth $922,760,000 after buying an additional 2,535,590 shares during the last quarter. Finally, Granite Bay Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 6,239.1% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 1,418,572 shares of the financial services provider’s stock worth $277,456,000 after acquiring an additional 1,396,194 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

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.