Credit Suisse Group reaffirmed their outperform rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research note released on Tuesday morning, The Fly reports. They currently have a $125.00 target price on the financial services provider’s stock, up from their previous target price of $120.00.
A number of other brokerages also recently weighed in on JPM. Argus boosted their price target 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. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $100.00 to $105.00 and gave the company an overweight rating in a report on Friday, October 13th. Nomura set a $115.00 price objective on shares of JPMorgan Chase & Co. and gave the company a neutral rating in a report on Friday, January 12th. Oppenheimer reaffirmed a hold rating on shares of JPMorgan Chase & Co. in a report on Thursday, October 12th. Finally, Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $99.00 to $107.00 and gave the company an overweight rating in a report on Friday, October 13th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. JPMorgan Chase & Co. has an average rating of Hold and an average price target of $105.81.
JPMorgan Chase & Co. (NYSE JPM) traded down $0.25 during trading hours on Tuesday, hitting $113.01. 18,716,039 shares of the stock traded hands, compared to its average volume of 14,000,000. The company has a market cap of $392,110.00, a price-to-earnings ratio of 17.71, a P/E/G ratio of 1.94 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $114.34.
JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The firm had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. During the same quarter in the prior year, the business posted $1.71 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. equities research analysts anticipate that JPMorgan Chase & Co. will post 8.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 35.11%.
In other news, insider Ashley Bacon sold 16,434 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total value of $1,844,223.48. Following the sale, the insider now directly owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Stacey Friedman sold 17,729 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the completion of the sale, the general counsel now directly owns 21,260 shares in the company, valued at $2,388,135.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 154,146 shares of company stock worth $17,312,129. Insiders own 0.88% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Private Vista LLC bought a new position in JPMorgan Chase & Co. during the second quarter valued at approximately $102,000. Kohmann Bosshard Financial Services LLC bought a new position in JPMorgan Chase & Co. during the third quarter valued at approximately $102,000. Welch Investments LLC bought a new position in JPMorgan Chase & Co. during the third quarter valued at approximately $103,000. Legacy Advisors LLC bought a new position in JPMorgan Chase & Co. during the third quarter valued at approximately $106,000. Finally, Atlantic Trust LLC bought a new position in JPMorgan Chase & Co. during the second quarter valued at approximately $136,000. 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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