Nomura set a $115.00 target price on JPMorgan Chase & Co. (NYSE:JPM) in a research note issued to investors on Friday, January 12th. The firm currently has a neutral rating on the financial services provider’s stock.
Several other equities analysts also recently commented on JPM. Deutsche Bank downgraded shares of JPMorgan Chase & Co. from a buy rating to a hold rating and upped their price objective for the company from $90.00 to $96.00 in a report on Tuesday, September 26th. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $90.00 to $96.00 and gave the company a neutral rating in a research report on Friday, October 6th. Oppenheimer reissued a hold rating on shares of JPMorgan Chase & Co. in a research report on Thursday, October 12th. Robert W. Baird boosted their target price on shares of JPMorgan Chase & Co. from $88.00 to $92.00 and gave the company a neutral rating in a research report on Friday, October 13th. Finally, Jefferies Group set a $111.00 target price on shares of JPMorgan Chase & Co. and gave the company a buy rating in a research report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of Hold and an average price target of $106.90.
JPMorgan Chase & Co. (JPM) traded down $0.23 during midday trading on Friday, reaching $114.05. 8,359,232 shares of the company’s stock traded hands, compared to its average volume of 14,056,417. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $117.35. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The company has a market cap of $395,440.00, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly 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 during 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 firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.71 EPS. equities research analysts anticipate that JPMorgan Chase & Co. will post 8.85 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,434 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $11,088,570.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James S. Crown bought 7,280 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were purchased at an average cost of $113.37 per share, with a total value of $825,333.60. Following the transaction, 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 sold 152,047 shares of company stock valued at $17,098,115 in the last ninety days. 0.88% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its stake in shares of JPMorgan Chase & Co. by 517.3% during 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 period. Stifel Financial Corp lifted 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 acquiring an additional 4,305,449 shares during the period. Alliancebernstein L.P. lifted 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 acquiring an additional 3,945,948 shares during the period. Vanguard Group Inc. lifted 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 acquiring an additional 3,717,683 shares during the period. Finally, Parametric Portfolio Associates LLC lifted 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 acquiring an additional 2,828,726 shares during the period. 73.82% of the stock is owned by institutional investors and hedge funds.
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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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