Wells Fargo & Co set a $130.00 target price on JPMorgan Chase & Co. (NYSE:JPM) in a research note released on Wednesday morning. The firm currently has a buy rating on the financial services provider’s stock.
A number of other research analysts also recently issued reports on JPM. Bank of America set a $119.00 price target on shares of JPMorgan Chase & Co. and gave the stock a buy rating in a research report on Monday. Credit Suisse Group reiterated an outperform rating and issued a $125.00 price objective (up previously from $120.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday. Vetr lowered shares of JPMorgan Chase & Co. from a sell rating to a strong sell rating and set a $93.51 price objective for the company. in a research note on Wednesday, January 10th. Deutsche Bank set a $96.00 price objective on shares of JPMorgan Chase & Co. and gave the company a neutral rating in a research note on Tuesday. Finally, Nomura set a $115.00 price objective on shares of JPMorgan Chase & Co. and gave the company a neutral rating in a research note on Friday, January 12th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $105.81.
Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up $0.27 during midday trading on Wednesday, hitting $113.26. 14,572,372 shares of the stock were exchanged, compared to its average volume of 14,300,000. The firm has a market cap of $392,980.00, a P/E ratio of 17.75, a P/E/G ratio of 2.00 and a beta of 1.22. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $113.72. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.
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, topping 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 net margin of 21.46% and a return on equity of 11.63%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.71 EPS. sell-side analysts expect that JPMorgan Chase & Co. will post 8.41 earnings per share for the current year.
The firm 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 dividend of $0.56 per share. The ex-dividend date is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.11%.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the sale, the insider now owns 98,811 shares in the company, valued at approximately $11,088,570.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James S. Crown purchased 7,280 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were acquired at an average price of $113.37 per share, with a total value of $825,333.60. Following the purchase, the director now directly owns 305,875 shares in the company, valued at approximately $34,677,048.75. The disclosure for this purchase can be found here. Insiders have sold a total of 127,614 shares of company stock valued at $14,302,869 in the last 90 days. 0.88% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of JPM. Janus Henderson Group PLC grew its stake in shares of JPMorgan Chase & Co. by 517.3% in the 2nd quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after acquiring an additional 4,654,113 shares in the last quarter. Stifel Financial Corp grew its stake in shares of JPMorgan Chase & Co. by 9,301.6% in the 3rd quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock worth $415,662,000 after acquiring an additional 4,305,449 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of JPMorgan Chase & Co. by 29.2% in the 2nd quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after acquiring an additional 3,945,948 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of 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 worth $22,839,729,000 after acquiring an additional 3,717,683 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of JPMorgan Chase & Co. by 40.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock worth $892,886,000 after acquiring an additional 2,828,726 shares in the last quarter. Hedge funds and other institutional investors own 73.78% 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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