Vining Sparks reissued their buy rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a report published on Friday morning. Vining Sparks currently has a $120.00 target price on the financial services provider’s stock.
“JPM continues to demonstrate its strong underlying fundamentals as its profitability remains well above the other Money Center Banks. Therefore, we believe that its current P/TBV multiple of 209% should experience modest expansion towards 215% over the next 12 months, as capital markets activities eventually rebound, tax reform is realized, and short-term interest rates continue normalizing. This should enable JPM to improve its operating return on tangible common equity (ROTCE) by 3 full percentage points in 2018E. We believe this modest multiple expansion paired with mid-single digit TBV growth should allow JPM to outperform the S&P 500 in 2018E.”,” the firm’s analyst wrote.
JPM has been the subject of a number of other research reports. Vetr downgraded JPMorgan Chase & Co. from a sell rating to a strong sell rating and set a $93.51 target price for the company. in a research report on Wednesday, January 10th. Credit Suisse Group upgraded JPMorgan Chase & Co. to a buy rating and set a $120.00 target price for the company in a research report on Friday, January 5th. Bank of America set a $102.00 target price on JPMorgan Chase & Co. and gave the stock a buy rating in a research report on Friday, October 13th. Oppenheimer restated a hold rating on shares of JPMorgan Chase & Co. in a research report on Thursday, October 12th. Finally, Jefferies Group restated a buy rating and issued a $102.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, September 15th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $103.44.
Shares of JPMorgan Chase & Co. (JPM) traded down $0.30 on Friday, hitting $112.37. The stock had a trading volume of 7,026,467 shares, compared to its average volume of 14,082,478. The company has a market cap of $390,100.00, a P/E ratio of 17.61, a PEG ratio of 2.05 and a beta of 1.22. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $112.85.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. The firm had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.71 EPS. equities research analysts expect that JPMorgan Chase & Co. will post 8.25 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be paid a $0.56 dividend. The ex-dividend date is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 1.99%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.11%.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of JPM. Copper Rock Capital Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 314.9% during the second quarter. Copper Rock Capital Partners LLC now owns 5,282 shares of the financial services provider’s stock valued at $456,000 after buying an additional 4,009 shares during the period. Independent Portfolio Consultants Inc. increased its stake in shares of JPMorgan Chase & Co. by 0.8% during the second quarter. Independent Portfolio Consultants Inc. now owns 36,229 shares of the financial services provider’s stock valued at $3,311,000 after buying an additional 290 shares during the period. First PREMIER Bank increased its stake in shares of JPMorgan Chase & Co. by 1.8% during the second quarter. First PREMIER Bank now owns 16,749 shares of the financial services provider’s stock valued at $1,531,000 after buying an additional 300 shares during the period. West Oak Capital LLC increased its stake in shares of JPMorgan Chase & Co. by 0.3% during the second quarter. West Oak Capital LLC now owns 28,705 shares of the financial services provider’s stock valued at $2,624,000 after buying an additional 95 shares during the period. Finally, Lau Associates LLC increased its stake in shares of JPMorgan Chase & Co. by 51.1% during the second quarter. Lau Associates LLC now owns 17,390 shares of the financial services provider’s stock valued at $1,589,000 after buying an additional 5,880 shares during the period. 73.78% of the stock is currently owned by hedge funds and other institutional investors.
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About JPMorgan Chase & Co.
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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