JPMorgan Chase & Co. (NYSE:JPM) Sees Large Growth in Short Interest

JPMorgan Chase & Co. (NYSE:JPM) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 30,120,000 shares, a growth of 14.7% from the October 31st total of 26,260,000 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average trading volume of 9,070,000 shares, the short-interest ratio is presently 3.3 days.

Analyst Ratings Changes

Several brokerages have issued reports on JPM. Daiwa Capital Markets cut their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a research report on Tuesday. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $234.81.

JPMorgan Chase & Co. Trading Down 0.6 %

NYSE JPM traded down $1.43 during trading on Tuesday, reaching $244.82. 6,651,458 shares of the stock traded hands, compared to its average volume of 9,129,947. The stock’s 50-day moving average price is $228.56 and its 200 day moving average price is $214.37. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm has a market cap of $689.25 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 3.57 and a beta of 1.11. JPMorgan Chase & Co. has a fifty-two week low of $155.88 and a fifty-two week high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.35. The business had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.33 EPS. Analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.04%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several institutional investors have recently added to or reduced their stakes in the stock. Mizuho Securities Co. Ltd. acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter worth $27,000. Fairway Wealth LLC bought a new position in JPMorgan Chase & Co. in the second quarter valued at $32,000. Anfield Capital Management LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at $34,000. Finally, West Financial Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 3rd quarter worth about $37,000. 71.55% of the stock is owned by institutional investors.

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.