Credit Suisse Group reiterated their outperform rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research note issued to investors on Tuesday, January 16th, The Fly reports. Credit Suisse Group currently has a $125.00 target price on the financial services provider’s stock, up from their prior target price of $120.00.
Other analysts have also recently issued research reports about the company. Bank of America set a $102.00 target price on JPMorgan Chase & Co. and gave the stock a buy rating in a research report on Friday, October 13th. Jefferies Group set a $111.00 target price on JPMorgan Chase & Co. and gave the stock a buy rating in a research report on Friday, October 13th. Royal Bank of Canada restated a buy rating and issued a $105.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, November 15th. Wells Fargo & Co set a $120.00 price target on JPMorgan Chase & Co. and gave the company a buy rating in a research report on Wednesday, December 20th. Finally, Buckingham Research upgraded JPMorgan Chase & Co. from a neutral rating to a buy rating in a research report on Thursday, December 21st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $107.42.
JPMorgan Chase & Co. (JPM) traded up $2.16 during trading hours on Tuesday, reaching $110.04. The company had a trading volume of 28,113,646 shares, compared to its average volume of 16,410,000. The stock has a market capitalization of $381,810.00, a price-to-earnings ratio of 17.25, a PEG ratio of 1.86 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $117.35.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.71 EPS. equities analysts anticipate that JPMorgan Chase & Co. will post 8.85 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is currently 35.11%.
In other JPMorgan Chase & Co. news, Director James S. Crown purchased 7,280 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, January 18th. The shares were bought at an average price of $113.37 per share, with a total value of $825,333.60. Following the purchase, the director now directly owns 305,875 shares in the company, valued at approximately $34,677,048.75. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter Scher sold 26,532 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,047 shares of company stock worth $17,098,115. 0.88% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of the business. Cornerstone Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 30.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 18,470 shares of the financial services provider’s stock worth $2,003,000 after buying an additional 4,266 shares during the last quarter. Mawer Investment Management Ltd. increased its holdings in shares of JPMorgan Chase & Co. by 13.7% during the 4th quarter. Mawer Investment Management Ltd. now owns 2,924,019 shares of the financial services provider’s stock worth $312,714,000 after buying an additional 351,438 shares during the last quarter. Honeywell International Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth $42,776,000. Timber Hill LLC increased its holdings in shares of JPMorgan Chase & Co. by 276.5% during the 4th quarter. Timber Hill LLC now owns 119,296 shares of the financial services provider’s stock worth $12,758,000 after buying an additional 87,608 shares during the last quarter. Finally, Alpha Cubed Investments LLC increased its holdings in shares of JPMorgan Chase & Co. by 8.0% during the 4th quarter. Alpha Cubed Investments LLC now owns 174,387 shares of the financial services provider’s stock worth $18,649,000 after buying an additional 12,988 shares during the last quarter. 73.82% of the stock is currently owned by institutional investors.
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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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