JPMorgan Chase & Co. (JPM) PT Set at $130.00 by Goldman Sachs Group

Goldman Sachs Group set a $130.00 target price on JPMorgan Chase & Co. (NYSE:JPM) in a research note published on Friday. The firm currently has a neutral rating on the financial services provider’s stock.

A number of other equities research analysts also recently commented on JPM. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a hold rating to a sell rating in a research report on Monday, July 2nd. Credit Suisse Group set a $130.00 price objective on shares of JPMorgan Chase & Co. and gave the company a buy rating in a research report on Thursday, July 12th. Royal Bank of Canada restated a buy rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. from $110.00 to $118.00 and gave the company a market perform rating in a research report on Monday, July 16th. Finally, Societe Generale restated a neutral rating and issued a $119.50 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $121.99.

NYSE:JPM traded down $1.18 during mid-day trading on Friday, reaching $106.95. The stock had a trading volume of 32,048,399 shares, compared to its average volume of 14,428,502. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The company has a market cap of $387.26 billion, a P/E ratio of 15.57, a PEG ratio of 1.85 and a beta of 1.17. JPMorgan Chase & Co. has a twelve month low of $94.96 and a twelve month high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.10. The firm had revenue of $27.26 billion during the quarter, compared to the consensus estimate of $27.20 billion. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. During the same quarter last year, the firm earned $1.76 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 9.17 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, October 5th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.99%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. The ex-dividend date is Thursday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 46.58%.

In other news, CEO Gordon Smith sold 30,725 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $114.01, for a total transaction of $3,502,957.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Webster Bank N. A. lifted its position in shares of JPMorgan Chase & Co. by 1.3% during the 3rd quarter. Webster Bank N. A. now owns 136,873 shares of the financial services provider’s stock valued at $15,445,000 after acquiring an additional 1,713 shares during the period. Community Bank & Trust Waco Texas lifted its position in shares of JPMorgan Chase & Co. by 2.7% during the 3rd quarter. Community Bank & Trust Waco Texas now owns 28,629 shares of the financial services provider’s stock valued at $3,231,000 after acquiring an additional 750 shares during the period. Canton Hathaway LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $1,656,000. Berkshire Asset Management LLC PA raised its position in shares of JPMorgan Chase & Co. by 5.3% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 434,197 shares of the financial services provider’s stock worth $48,995,000 after purchasing an additional 21,730 shares during the last quarter. Finally, Lau Associates LLC raised its position in shares of JPMorgan Chase & Co. by 41.0% during the 3rd quarter. Lau Associates LLC now owns 17,750 shares of the financial services provider’s stock worth $2,003,000 after purchasing an additional 5,158 shares during the last quarter. Institutional investors own 70.56% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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