JPMorgan Chase & Co. (JPM) Earns Buy Rating from UBS Group

UBS Group reissued their buy rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research report report published on Tuesday morning, 99wallstreet.com reports. UBS Group currently has a $125.00 target price on the financial services provider’s stock, up from their previous target price of $119.00.

Several other equities research analysts also recently weighed in on JPM. Robert W. Baird reissued a hold rating and set a $88.00 price objective on shares of JPMorgan Chase & Co. in a report on Thursday, September 21st. Deutsche Bank downgraded JPMorgan Chase & Co. from a buy rating to a hold rating and raised their price objective for the company from $90.00 to $96.00 in a report on Tuesday, September 26th. Citigroup raised their price objective on JPMorgan Chase & Co. from $90.00 to $96.00 and gave the company a neutral rating in a report on Friday, October 6th. Credit Suisse Group reissued a buy rating and set a $110.00 price objective (up previously from $103.00) on shares of JPMorgan Chase & Co. in a report on Monday, October 9th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reissued a hold rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. currently has a consensus rating of Hold and a consensus target price of $105.81.

Shares of JPMorgan Chase & Co. (NYSE JPM) traded down $0.25 during mid-day trading on Tuesday, hitting $113.01. The company’s stock had a trading volume of 18,715,376 shares, compared to its average volume of 14,913,233. The firm has a market cap of $392,110.00, a P/E ratio of 17.71, a PEG ratio of 1.96 and a beta of 1.22. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $113.72. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01.

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. The firm had revenue of $24.15 billion for 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 was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.71 EPS. analysts expect that JPMorgan Chase & Co. will post 8.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is presently 35.11%.

In other news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. 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 completion of the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 16,434 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,844,223.48. Following the completion of the transaction, the insider now directly owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 127,614 shares of company stock valued at $14,302,869. Corporate insiders own 0.88% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in JPMorgan Chase & Co. by 1.5% in the 2nd 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 in the last quarter. Northern Trust Corp increased its position in JPMorgan Chase & Co. by 1.8% in the 2nd quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock valued at $4,475,468,000 after buying an additional 847,463 shares in the last quarter. Capital Research Global Investors increased its position in JPMorgan Chase & Co. by 2.5% in the 2nd quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock valued at $2,898,729,000 after buying an additional 765,082 shares in the last quarter. Dimensional Fund Advisors LP increased its position in JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock valued at $2,621,677,000 after buying an additional 176,306 shares in the last quarter. Finally, Legal & General Group Plc increased its position in JPMorgan Chase & Co. by 1.8% in the 3rd quarter. Legal & General Group Plc now owns 18,083,319 shares of the financial services provider’s stock valued at $1,727,118,000 after buying an additional 313,968 shares in the last quarter. 73.78% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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