JPMorgan Chase & Co. (NYSE:JPM) Stock Price Up 4.2% – Still a Buy?

JPMorgan Chase & Co. (NYSE:JPM)’s stock price was up 4.2% during mid-day trading on Wednesday. The stock traded as high as $352.33 and last traded at $352.1380. Approximately 10,180,710 shares were traded during mid-day trading, an increase of 13% from the average session volume of 9,022,130 shares. The stock had previously closed at $337.98.

Trending Headlines about JPMorgan Chase & Co.

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: UBS raised its price target on JPMorgan to $400 from $395 and reiterated a Buy rating, adding to bullish analyst sentiment. Article: JPMorgan Chase stock price expected to rise
• Positive Sentiment: JPMorgan Payments is expanding digital treasury and receivables capabilities. Its new integration with Embat connects clients’ bank accounts to Embat’s treasury platform, while a separate cash-application tool aims to automate invoice matching—developments that could improve client retention and support payments growth. Article: Embat partnership Article: Receivables Matching launch
• Positive Sentiment: The bank opened a private-banking branch in Dubai’s DIFC and is adding wealth-advisory talent. The expansion could help JPMorgan attract regional clients and grow assets and fee revenue over time, though financial benefits may take time to materialize. Article: Dubai private banking branch
• Neutral Sentiment: JPMorgan filed its quarterly Form 10-Q, but the report announcement itself did not highlight new financial results or guidance that would materially change the outlook. Article: Form 10-Q filing

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JPM. Citigroup cut their target price on JPMorgan Chase & Co. from $360.00 to $350.00 and set a “neutral” rating on the stock in a research report on Thursday, October 15th. TD Cowen started coverage on JPMorgan Chase & Co. in a research report on Thursday, October 8th. They issued a “hold” rating and a $370.00 price target for the company. Robert W. Baird lifted their price objective on shares of JPMorgan Chase & Co. from $305.00 to $312.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 14th. The Goldman Sachs Group reiterated an “outperform” rating and set a $392.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 13th. Finally, Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $368.33.

JPMorgan Chase & Co. Stock Performance

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. The business has a 50 day moving average price of $342.75 and a 200 day moving average price of $323.28. The stock has a market cap of $936.05 billion, a P/E ratio of 14.77, a PEG ratio of 1.34 and a beta of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.94 by ($0.19). JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The business had revenue of $50.17 billion for the quarter, compared to the consensus estimate of $51.23 billion. During the same period in the prior year, the business posted $5.07 earnings per share. JPMorgan Chase & Co.’s revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th were given a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a dividend yield of 1.9%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. The ex-dividend date was Tuesday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is 27.68%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the completion of the sale, the insider directly owned 71,047 shares of the company’s stock, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Institutional investors have recently modified their holdings of the stock. Concorde Asset Management LLC raised its position in shares of JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider’s stock worth $871,000 after acquiring an additional 29 shares in the last quarter. Elevation Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 1.0% during the second quarter. Elevation Wealth Management LLC now owns 3,074 shares of the financial services provider’s stock valued at $1,006,000 after purchasing an additional 29 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. boosted its position in JPMorgan Chase & Co. by 0.8% during the second quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,531 shares of the financial services provider’s stock valued at $1,156,000 after purchasing an additional 29 shares in the last quarter. Arkansas Financial Group Inc. grew its stake in JPMorgan Chase & Co. by 1.1% in the second quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider’s stock valued at $873,000 after purchasing an additional 30 shares during the last quarter. Finally, Flynn Zito Capital Management LLC grew its stake in JPMorgan Chase & Co. by 1.1% in the second quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider’s stock valued at $926,000 after purchasing an additional 30 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, investment banking, payments, asset management and wealth management services to individuals, businesses, governments and institutional clients.

Its major business segments include Consumer & Community Banking, which offers deposit accounts, credit cards, mortgages, auto loans and other financial products; Commercial & Investment Banking, which provides corporate lending, advisory, underwriting, trading, treasury and payments services; and Asset & Wealth Management, which serves individual and institutional investors with investment management, brokerage and related advisory services.

JPMorgan Chase serves customers in the United States and operates internationally through offices and businesses in major financial centers around the world.