Credit Suisse Group upgraded shares of JPMorgan Chase & Co. (NYSE:JPM) to a buy rating in a research report released on Friday, January 5th. They currently have $120.00 target price on the financial services provider’s stock.
A number of other equities analysts have also weighed in on JPM. Jefferies Group set a $111.00 target price on JPMorgan Chase & Co. and gave the stock a buy rating in a research report on Friday, October 13th. BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $86.00 to $91.00 and gave the company a market perform rating in a research report on Friday, October 13th. Buckingham Research raised JPMorgan Chase & Co. from a neutral rating to a buy rating in a research report on Thursday, December 21st. Nomura increased their price target on JPMorgan Chase & Co. from $87.00 to $91.00 and gave the stock a neutral rating in a research note on Friday, October 13th. Finally, Robert W. Baird increased their price target on JPMorgan Chase & Co. from $88.00 to $92.00 and gave the stock a neutral rating in a research note on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $105.81.
JPMorgan Chase & Co. (NYSE:JPM) opened at $115.11 on Friday. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $117.35. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. The company has a market capitalization of $403,182.13, a PE ratio of 16.62, a P/E/G ratio of 1.99 and a beta of 1.22.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.71 earnings per share. equities analysts expect that JPMorgan Chase & Co. will post 8.78 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 1.95%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.
In related news, insider Ashley Bacon sold 16,434 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the sale, the insider now directly owns 98,811 shares in the company, valued at $11,088,570.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Scher sold 26,532 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. Insiders have sold 152,047 shares of company stock worth $17,098,115 over the last three months. Insiders own 0.88% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Vista LLC purchased a new position in shares of JPMorgan Chase & Co. in the second quarter worth $102,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of JPMorgan Chase & Co. in the third quarter worth $102,000. Welch Investments LLC purchased a new position in shares of JPMorgan Chase & Co. in the third quarter worth $103,000. Legacy Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the third quarter worth $106,000. Finally, Cerebellum GP LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $119,000. Institutional investors own 73.85% 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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