In yesterday’s Wall Street session, JPMorgan Chase & Co. (NYSE:JPM) shares traded at $133.05, down -0.59% from the previous session.
26 analysts cover JPMorgan Chase & Co. (NYSE:JPM), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $174.00 and a low of $118.00, we find $135.50. Given the previous closing price of $133.84, this indicates a potential upside of 1.24 percent. JPM stock price is now 12.00% away from the 50-day moving average and 7.07% away from the 200-day moving average. The market capitalization of the company currently stands at $386.47B.
The stock has received a hold rating from 11 analysts and a buy rating from 12. Brokers who have rated the stock have averaged $139.43 as their price target over the next twelve months.
With the price target maintained at $120, Berenberg recently Upgraded its rating from Sell to Hold for JPMorgan Chase & Co. (NYSE: JPM). On July 12, 2022, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock reducing its target price from $145 to quote $135, while ‘Societe Generale’ rates the stock as ‘Buy’.
In other news, Petno Douglas B, CEO Commercial Banking sold 5,139 shares of the company’s stock on Nov 10. The stock was sold for $693,831 at an average price of $135.01. Upon completion of the transaction, the CEO Commercial Banking now directly owns 242,872 shares in the company, valued at $32.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 10, Vice Chairman Scher Peter sold 1,311 shares of the business’s stock. A total of $174,392 was realized by selling the stock at an average price of $133.02. This leaves the insider owning 33,662 shares of the company worth $4.48 million. Insiders disposed of 797,902 shares of company stock worth roughly $106.16 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JPM stock. A new stake in JPMorgan Chase & Co. shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $305,950,000. AMALGAMATED FINANCIAL CORP. invested $99,262,000 in shares of JPM during the first quarter. In the first quarter, JUNTO CAPITAL MANAGEMENT LP acquired a new stake in JPMorgan Chase & Co. valued at approximately $92,788,000. CZECH NATIONAL BANK acquired a new stake in JPM for approximately $45,305,000. CARLSON CAPITAL L P purchased a new stake in JPM valued at around $44,665,000 in the second quarter. In total, there are 4,230 active investors with 70.80% ownership of the company’s stock.
On Monday morning JPMorgan Chase & Co. (NYSE: JPM) stock kicked off with the opening price of $133.74. During the past 12 months, JPMorgan Chase & Co. has had a low of $101.28 and a high of $169.81. The fifty day moving average price for JPM is $118.80 and a two-hundred day moving average price translates $124.27 for the stock.
The latest earnings results from JPMorgan Chase & Co. (NYSE: JPM) was released for Sep, 2022. According to the Banks – Diversified Company, earnings per share came in at $3.12, beating analysts’ expectations of $2.88 by 0.24. This compares to $3.74 EPS in the same period last year. The net profit margin was 47.10% and return on equity was 13.80% for JPM. The company reported revenue of $25.61 billion for the quarter, compared to $14.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 76.87 percent. For the current quarter, analysts expect JPM to generate $34.16B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/31/2022. Investors who held shares on 10/06/2022 were paid a $1.00 dividend. On an annualized basis, this represents a $4.00 dividend and a 3.01% percent yield. There was an ex-dividend date of 10/05/2022 for this dividend. In terms of dividend payout ratio, JPM is presently at 33.70%.
JPMorgan Chase & Co.(JPM) 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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services. The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; payments and cross-border financing; and cash and derivative instruments, risk management solutions, prime brokerage, and research. This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, payments, investment banking, and asset management to small business, large and midsized companies, local governments, and nonprofit clients; and commercial real estate banking services to investors, developers, and owners of multifamily, office, retail, industrial, and affordable housing properties. The AWM segment offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors; and retirement products and services, brokerage, custody, trusts and estates, loans, mortgages, deposits, and investment management products. The company also provides ATM, online and mobile, and telephone banking services. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.