Nomura set a $115.00 target price on JPMorgan Chase & Co. (NYSE:JPM) in a research note issued to investors on Friday. The firm currently has a neutral rating on the financial services provider’s stock.
A number of other research analysts have also recently weighed in on JPM. Vetr cut JPMorgan Chase & Co. from a sell rating to a strong sell rating and set a $93.51 target price on the stock. in a report on Wednesday. Deutsche Bank cut JPMorgan Chase & Co. from a buy rating to a hold rating and lifted their target price for the company from $90.00 to $96.00 in a report on Tuesday, September 26th. Citigroup lifted their target price on JPMorgan Chase & Co. from $90.00 to $96.00 and gave the company a neutral rating in a report on Friday, October 6th. Oppenheimer reiterated a hold rating on shares of JPMorgan Chase & Co. in a report on Thursday, October 12th. Finally, Robert W. Baird lifted their target price on JPMorgan Chase & Co. from $88.00 to $92.00 and gave the company a neutral rating in a report on Friday, October 13th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $102.52.
Shares of JPMorgan Chase & Co. (NYSE JPM) traded up $1.83 during trading on Friday, reaching $112.67. The company had a trading volume of 18,847,100 shares, compared to its average volume of 14,580,000. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $112.85. The firm has a market capitalization of $390,930.00, a PE ratio of 16.16, a P/E/G ratio of 2.01 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37.
JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The firm had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. During the same quarter last year, the firm earned $1.71 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. analysts predict that JPMorgan Chase & Co. will post 6.9 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.14%.
In related news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the transaction, the general counsel now owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.
Several large investors have recently added to or reduced their stakes in JPM. Janus Henderson Group PLC increased its holdings in JPMorgan Chase & Co. by 517.3% in the second quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock valued at $507,632,000 after buying an additional 4,654,113 shares during the last quarter. Stifel Financial Corp increased its holdings in JPMorgan Chase & Co. by 9,301.6% in the third quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock valued at $415,662,000 after buying an additional 4,305,449 shares during the last quarter. Alliancebernstein L.P. increased its holdings in JPMorgan Chase & Co. by 29.2% in the second quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock valued at $1,595,542,000 after buying an additional 3,945,948 shares during the last quarter. Vanguard Group Inc. increased its holdings in JPMorgan Chase & Co. by 1.5% in the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after buying an additional 3,717,683 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in JPMorgan Chase & Co. by 40.8% in the second quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock valued at $892,886,000 after buying an additional 2,828,726 shares during the last quarter. Institutional investors and hedge funds own 73.76% of the company’s stock.
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JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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