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

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

Several other brokerages also recently commented on JPM. Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a market perform rating in a report on Friday, April 5th. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an overweight rating in a research report on Wednesday, March 20th. Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an overweight rating in a research report on Tuesday, January 30th. Jefferies Financial Group raised their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a buy rating in a research report on Monday, April 8th. Finally, BMO Capital Markets decreased their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a market perform rating on the stock in a research report on Monday. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $192.05.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $179.96 on Monday. The company has a market capitalization of $516.86 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 2.30 and a beta of 1.15. JPMorgan Chase & Co. has a one year low of $131.81 and a one year high of $200.94. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91. The company’s fifty day moving average price is $188.48 and its 200 day moving average price is $168.50.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a dividend of $1.15 per share. The ex-dividend date is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.56%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the transaction, the chief executive officer now owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the transaction, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sandy Cove Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 20.3% in the first quarter. Sandy Cove Advisors LLC now owns 9,433 shares of the financial services provider’s stock valued at $1,889,000 after buying an additional 1,590 shares during the period. D.B. Root & Company LLC boosted its holdings in shares of JPMorgan Chase & Co. by 97.2% in the first quarter. D.B. Root & Company LLC now owns 2,798 shares of the financial services provider’s stock valued at $561,000 after buying an additional 1,379 shares during the period. Red Door Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.4% in the first quarter. Red Door Wealth Management LLC now owns 59,205 shares of the financial services provider’s stock valued at $11,859,000 after buying an additional 810 shares during the period. Avalon Capital Management boosted its holdings in shares of JPMorgan Chase & Co. by 4.9% in the first quarter. Avalon Capital Management now owns 1,653 shares of the financial services provider’s stock valued at $331,000 after buying an additional 77 shares during the period. Finally, Cornerstone Wealth Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 30.9% in the first quarter. Cornerstone Wealth Group LLC now owns 59,270 shares of the financial services provider’s stock valued at $11,872,000 after buying an additional 14,003 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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.