JPMorgan Chase & Co. (NYSE:JPM) PT Raised to $126.00

JPMorgan Chase & Co. (NYSE:JPM) had its target price raised by BMO Capital Markets to $126.00 in a research report report published on Wednesday, The Fly reports.

Other analysts have also recently issued research reports about the stock. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $122.00 to $124.00 and gave the company an overweight rating in a report on Wednesday. Buckingham Research cut shares of JPMorgan Chase & Co. from a buy rating to a neutral rating and set a $122.00 target price on the stock. in a report on Monday, September 16th. They noted that the move was a valuation call. Robert W. Baird increased their price target on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the company a neutral rating in a research note on Wednesday. ValuEngine upgraded shares of JPMorgan Chase & Co. from a sell rating to a hold rating in a research note on Wednesday, September 4th. Finally, Wells Fargo & Co set a $125.00 price target on shares of JPMorgan Chase & Co. and gave the company a buy rating in a research note on Friday, August 16th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $121.94.

NYSE:JPM traded up $0.21 during mid-day trading on Wednesday, hitting $120.56. The stock had a trading volume of 10,320,099 shares, compared to its average volume of 12,220,965. The stock has a 50-day simple moving average of $115.81 and a two-hundred day simple moving average of $112.10. The company has a market capitalization of $384.82 billion, a PE ratio of 13.40, a PEG ratio of 1.70 and a beta of 1.20. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $121.59. The company has a current ratio of 0.93, a quick ratio of 0.97 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.45 by $0.23. The firm had revenue of $29.34 billion for the quarter, compared to analysts’ expectations of $28.36 billion. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.34 earnings per share. Sell-side analysts predict that JPMorgan Chase & Co. will post 10.1 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a $0.90 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, October 3rd. JPMorgan Chase & Co.’s dividend payout ratio is currently 40.00%.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 18,200 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $109.91 per share, for a total transaction of $2,000,362.00. Following the completion of the transaction, the director now owns 7,804 shares in the company, valued at approximately $857,737.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gordon Smith sold 83,289 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $119.98, for a total transaction of $9,993,014.22. Following the transaction, the chief executive officer now owns 393,197 shares in the company, valued at $47,175,776.06. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Avitas Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. by 1.6% during the third quarter. Avitas Wealth Management LLC now owns 55,211 shares of the financial services provider’s stock worth $6,498,000 after acquiring an additional 847 shares during the last quarter. Whittier Trust Co. grew its position in shares of JPMorgan Chase & Co. by 2.1% during the third quarter. Whittier Trust Co. now owns 599,027 shares of the financial services provider’s stock worth $70,499,000 after acquiring an additional 12,592 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of JPMorgan Chase & Co. by 2.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 240,601 shares of the financial services provider’s stock worth $28,316,000 after acquiring an additional 4,852 shares during the last quarter. Farmers & Merchants Investments Inc. grew its position in shares of JPMorgan Chase & Co. by 13.6% during the third quarter. Farmers & Merchants Investments Inc. now owns 135,851 shares of the financial services provider’s stock worth $15,988,000 after acquiring an additional 16,274 shares during the last quarter. Finally, Peoples Bank OH grew its position in shares of JPMorgan Chase & Co. by 0.9% during the third quarter. Peoples Bank OH now owns 13,509 shares of the financial services provider’s stock worth $1,590,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 71.94% 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 (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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