BMO Capital Markets Cuts JPMorgan Chase & Co. (NYSE:JPM) Price Target to $195.00

JPMorgan Chase & Co. (NYSE:JPM) had its target price reduced by BMO Capital Markets from $196.00 to $195.00 in a research note released on Monday, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

A number of other research firms have also issued reports on JPM. Bank of America lifted their price objective on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a buy rating in a research note on Thursday, January 4th. Morgan Stanley lifted their price objective on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an overweight rating in a research note on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a hold rating to a buy rating and lifted their price objective for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an outperform rating in a research note on Thursday, April 4th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a market perform rating in a research note on Friday, April 5th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $192.05.

JPMorgan Chase & Co. Trading Up 0.6 %

JPM opened at $181.14 on Monday. The firm has a market capitalization of $520.25 billion, a P/E ratio of 10.94, a P/E/G ratio of 2.27 and a beta of 1.15. The firm’s 50 day moving average is $188.61 and its 200-day moving average is $168.59. JPMorgan Chase & Co. has a 52-week low of $131.81 and a 52-week high of $200.94. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

Insider Activity

In other news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction 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 $5,873,288.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction 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 $5,873,288.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $179.00, for a total transaction of $602,872.00. Following the transaction, the insider now directly owns 202,093 shares of the company’s stock, valued at approximately $36,174,647. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Institutional investors have recently bought and sold shares of the stock. Stone House Investment Management LLC lifted its holdings in JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares during the period. Macroview Investment Management LLC lifted its holdings in JPMorgan Chase & Co. by 7,833.3% in the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 235 shares during the period. Richardson Capital Management LLC acquired a new stake in JPMorgan Chase & Co. in the first quarter worth about $34,000. Bare Financial Services Inc acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $35,000. Finally, Partnership Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

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.