JPMorgan Chase & Co. (NYSE:JPM) had its price objective upped by Credit Suisse Group from $125.00 to $127.00 in a research report report published on Monday. They currently have an outperform rating on the financial services provider’s stock.
JPM has been the topic of a number of other research reports. Vetr cut shares of JPMorgan Chase & Co. from a sell rating to a strong sell rating and set a $93.51 target price on the stock. in a research note on Wednesday, January 10th. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a buy rating to a hold rating in a research note on Tuesday, March 6th. Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $133.00 to $136.00 and gave the company an overweight rating in a research note on Wednesday, February 21st. Vining Sparks reissued a buy rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, January 12th. Finally, Jefferies Group reissued a buy rating and issued a $131.00 target price (up previously from $124.00) on shares of JPMorgan Chase & Co. in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $112.14.
Shares of JPMorgan Chase & Co. stock opened at $109.95 on Monday. The firm has a market cap of $393,782.97, a PE ratio of 16.42, a P/E/G ratio of 1.93 and a beta of 1.18. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $119.33. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.01.
JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.71 earnings per share. equities analysts expect that JPMorgan Chase & Co. will post 8.9 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.04%. JPMorgan Chase & Co.’s payout ratio is 35.56%.
In other news, General Counsel Stacey Friedman sold 17,729 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the transaction, the general counsel now directly owns 21,260 shares in the company, valued at $2,388,135.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter Scher sold 17,057 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.20, for a total transaction of $1,913,795.40. Following the transaction, the executive vice president now owns 15,310 shares in the company, valued at $1,717,782. The disclosure for this sale can be found here. Insiders have sold 152,047 shares of company stock worth $17,098,115 over the last quarter. 0.88% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in JPM. Financial Gravity Companies Inc. acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $104,000. Keeler Thomas Management LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $112,000. Kohmann Bosshard Financial Services LLC acquired a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $102,000. Welch Investments LLC acquired a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $103,000. Finally, Cerebellum GP LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $119,000. Institutional investors own 74.47% 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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