Deutsche Bank set a $96.00 target price on JPMorgan Chase & Co. (NYSE:JPM) in a research report report published on Tuesday morning. The brokerage currently has a neutral rating on the financial services provider’s stock.
Other research analysts have also issued research reports about the stock. Bank of America set a $102.00 price objective on shares of JPMorgan Chase & Co. and gave the company a buy rating in a research report on Friday, October 13th. Credit Suisse Group reaffirmed a buy rating and set a $110.00 price objective (up previously from $103.00) on shares of JPMorgan Chase & Co. in a research report on Monday, October 9th. They noted that the move was a valuation call. Jefferies Group set a $111.00 price objective on shares of JPMorgan Chase & Co. and gave the company a buy rating in a research report on Friday, October 13th. Royal Bank of Canada reaffirmed a buy rating and set a $105.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, November 15th. Finally, Wells Fargo & Co set a $120.00 price objective on shares of JPMorgan Chase & Co. and gave the company a buy rating in a research report on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $105.81.
Shares of JPMorgan Chase & Co. (JPM) traded down $0.25 on Tuesday, hitting $113.01. 18,785,468 shares of the stock were exchanged, compared to its average volume of 14,000,000. The firm has a market capitalization of $392,110.00, a price-to-earnings ratio of 17.71, a P/E/G ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $114.34.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ 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 firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.71 earnings per share. equities research analysts predict that JPMorgan Chase & Co. will post 8.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be paid a dividend of $0.56 per share. The ex-dividend date is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio is 35.11%.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the sale, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mary E. Erdoes sold 65,101 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the sale, the chief executive officer now directly owns 479,882 shares in the company, valued at $53,866,754.50. The disclosure for this sale can be found here. Insiders have sold 127,614 shares of company stock worth $14,302,869 over the last ninety days. Insiders own 0.88% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Kohmann Bosshard Financial Services LLC acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth approximately $102,000. Welch Investments LLC acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth approximately $103,000. Legacy Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth approximately $106,000. Atlantic Trust LLC acquired a new position in shares of JPMorgan Chase & Co. during the second quarter worth approximately $136,000. Finally, Lipe & Dalton acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth approximately $143,000. 73.78% of the stock is currently owned by hedge funds and other institutional investors.
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.
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