JPMorgan Chase & Co. (JPM) To Go Ex-Dividend on January 6th

JPMorgan Chase & Co. (NYSE:JPM) announced a quarterly dividend on Monday, December 9th,RTT News reports. Shareholders of record on Monday, January 6th will be given a dividend of 1.25 per share by the financial services provider on Friday, January 31st. This represents a $5.00 annualized dividend and a yield of 2.06%. The ex-dividend date is Monday, January 6th.

JPMorgan Chase & Co. has increased its dividend payment by an average of 4.0% per year over the last three years and has increased its dividend annually for the last 14 consecutive years. JPMorgan Chase & Co. has a dividend payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect JPMorgan Chase & Co. to earn $16.70 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 29.9%.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $243.28 on Friday. The business has a 50-day simple moving average of $239.74 and a 200 day simple moving average of $220.99. JPMorgan Chase & Co. has a one year low of $164.30 and a one year high of $254.31. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $684.92 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter in the previous year, the company posted $4.33 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on JPM shares. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective on the stock. in a research note on Thursday, November 7th. Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Piper Sandler increased their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $236.82.

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.