JPMorgan Chase & Co. (NYSE:JPM) had its price target upped by Argus from $109.00 to $125.00 in a report released on Friday, January 12th, The Fly reports. The brokerage currently has a buy rating on the financial services provider’s stock.
Other equities analysts have also issued reports about the stock. Deutsche Bank lowered shares of JPMorgan Chase & Co. from a buy rating to a hold rating and increased their price objective for the company from $90.00 to $96.00 in a research report on Tuesday, September 26th. Citigroup increased their price objective 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 reaffirmed a hold rating on shares of JPMorgan Chase & Co. in a research report on Thursday, October 12th. Robert W. Baird increased their price target on shares of JPMorgan Chase & Co. from $88.00 to $92.00 and gave the stock a neutral rating in a report on Friday, October 13th. Finally, Jefferies Group set a $111.00 price target on shares of JPMorgan Chase & Co. and gave the stock a buy rating in a report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the stock. JPMorgan Chase & Co. has an average rating of Hold and an average price target of $106.90.
Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $108.80 on Friday. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $117.35. The firm has a market cap of $377,510.00, a PE ratio of 17.05, a P/E/G ratio of 1.94 and a beta of 1.22. 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 released 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 analyst estimates 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 quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.71 earnings per share. analysts anticipate that JPMorgan Chase & Co. will post 8.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were issued a $0.56 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 2.06%. JPMorgan Chase & Co.’s payout ratio is currently 35.11%.
In other news, insider Ashley Bacon sold 16,434 shares of JPMorgan Chase & Co. stock in a transaction 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 transaction, the insider now owns 98,811 shares in the company, valued at approximately $11,088,570.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mary E. Erdoes sold 65,101 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total value of $7,307,587.25. Following the transaction, the chief executive officer now owns 479,882 shares in the company, valued at approximately $53,866,754.50. The disclosure for this sale can be found here. Insiders sold a total of 152,047 shares of company stock worth $17,098,115 in the last 90 days. 0.88% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Modera Wealth Management LLC grew its position in JPMorgan Chase & Co. by 23.1% in the 4th quarter. Modera Wealth Management LLC now owns 4,416 shares of the financial services provider’s stock valued at $472,000 after acquiring an additional 829 shares in the last quarter. Loeb Partners Corp grew its position in JPMorgan Chase & Co. by 12.2% in the 4th quarter. Loeb Partners Corp now owns 86,500 shares of the financial services provider’s stock valued at $9,250,000 after acquiring an additional 9,400 shares in the last quarter. Aries Wealth Management acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $1,211,000. Cypress Wealth Services LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $4,085,000. Finally, First National Bank of Omaha grew its position in JPMorgan Chase & Co. by 1.1% in the 4th quarter. First National Bank of Omaha now owns 331,703 shares of the financial services provider’s stock valued at $35,472,000 after acquiring an additional 3,545 shares in the last quarter. Institutional investors and hedge funds own 73.82% 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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