JPMorgan Chase & Co. (NYSE:JPM) Sets New 1-Year High – Still a Buy?

JPMorgan Chase & Co. (NYSE:JPM) reached a new 52-week high during trading on Friday . The company traded as high as $279.23 and last traded at $277.78, with a volume of 889835 shares. The stock had previously closed at $276.32.

Analyst Ratings Changes

A number of equities research analysts have recently commented on JPM shares. UBS Group lifted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Bank of America boosted their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Wells Fargo & Company boosted their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Piper Sandler boosted their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Stock Up 0.5 %

The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company has a market cap of $781.66 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12. The company has a fifty day moving average price of $252.44 and a 200 day moving average price of $232.17.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same quarter in the previous year, the firm earned $3.04 earnings per share. JPMorgan Chase & Co.’s revenue was up 10.9% on a year-over-year basis. As a group, analysts anticipate that JPMorgan Chase & Co. will post 18.05 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by insiders.

Institutional Trading of JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Soros Capital Management LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $10,224,000. Fayez Sarofim & Co lifted its position in JPMorgan Chase & Co. by 14.9% in the fourth quarter. Fayez Sarofim & Co now owns 3,769,853 shares of the financial services provider’s stock valued at $910,227,000 after purchasing an additional 489,644 shares during the last quarter. J. Safra Sarasin Holding AG lifted its position in JPMorgan Chase & Co. by 48.5% in the fourth quarter. J. Safra Sarasin Holding AG now owns 91,803 shares of the financial services provider’s stock valued at $21,989,000 after purchasing an additional 29,984 shares during the last quarter. Stifel Financial Corp lifted its position in JPMorgan Chase & Co. by 0.9% in the fourth quarter. Stifel Financial Corp now owns 4,156,140 shares of the financial services provider’s stock valued at $996,288,000 after purchasing an additional 35,883 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in JPMorgan Chase & Co. by 1.5% in the fourth quarter. OneDigital Investment Advisors LLC now owns 143,817 shares of the financial services provider’s stock valued at $34,474,000 after purchasing an additional 2,079 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.