JPMorgan Chase & Co. (JPM) Given Buy Rating at Jefferies Group

Jefferies Group restated their buy rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research report released on Wednesday morning. They currently have a $131.00 target price on the financial services provider’s stock, up from their prior target price of $124.00.

Other equities analysts also recently issued reports about the stock. Vining Sparks reaffirmed a buy rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, January 12th. Argus lifted their price objective on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a buy rating in a report on Friday, January 12th. Credit Suisse Group raised shares of JPMorgan Chase & Co. to a buy rating and set a $120.00 price target on the stock in a report on Friday, January 5th. Buckingham Research raised shares of JPMorgan Chase & Co. from a neutral rating to a buy rating in a report on Thursday, December 21st. Finally, Wells Fargo & Co set a $120.00 price target on shares of JPMorgan Chase & Co. and gave the stock a buy rating in a report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $109.67.

JPMorgan Chase & Co. (JPM) opened at $115.19 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. The stock has a market cap of $398,012.25, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.96 and a beta of 1.23. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $117.45.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data 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 business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.71 EPS. sell-side analysts anticipate that JPMorgan Chase & Co. will post 8.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

In other JPMorgan Chase & Co. news, EVP Peter Scher sold 17,057 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $112.20, for a total transaction of $1,913,795.40. Following the sale, the executive vice president now directly owns 15,310 shares of the company’s stock, valued at $1,717,782. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Mary E. Erdoes sold 65,101 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total value of $7,307,587.25. Following the sale, the chief executive officer now owns 479,882 shares in the company, valued at $53,866,754.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,047 shares of company stock worth $17,098,115. Insiders own 0.88% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of 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 worth $22,839,729,000 after purchasing an additional 3,717,683 shares during the last quarter. Northern Trust Corp increased its position in shares of JPMorgan Chase & Co. by 1.8% in the second quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock worth $4,475,468,000 after purchasing an additional 847,463 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of JPMorgan Chase & Co. by 1.4% in the fourth quarter. Bank of New York Mellon Corp now owns 38,499,692 shares of the financial services provider’s stock worth $4,117,157,000 after purchasing an additional 530,709 shares during the last quarter. Geode Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 37,112,305 shares of the financial services provider’s stock worth $3,960,594,000 after purchasing an additional 883,150 shares during the last quarter. Finally, Capital Research Global Investors increased its position in shares of JPMorgan Chase & Co. by 2.5% in the second quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock worth $2,898,729,000 after purchasing an additional 765,082 shares during the last quarter. Hedge funds and other institutional investors own 73.02% of the company’s stock.

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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.

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

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