JPMorgan Chase & Co. (NYSE:JPM) Upgraded to “Outperform” at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of JPMorgan Chase & Co. (NYSE:JPM) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday, February 13th, MarketBeat reports. The firm currently has $127.00 price target on the financial services provider’s stock.

Several other brokerages also recently issued reports on JPM. Argus increased their price objective on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a buy rating in a research report on Friday, January 12th. Nomura set a $115.00 target price on JPMorgan Chase & Co. and gave the company a neutral rating in a research note on Friday, January 12th. Credit Suisse Group reiterated an outperform rating and set a $125.00 target price (up from $120.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, January 16th. Barclays increased their target price on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an overweight rating in a research note on Tuesday, January 2nd. Finally, Wells Fargo & Co set a $120.00 target price on JPMorgan Chase & Co. and gave the company a buy rating in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $108.71.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $114.68 on Tuesday. The stock has a market cap of $397,908.16, a P/E ratio of 18.20, a P/E/G ratio of 1.96 and a beta of 1.23. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $117.35. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.

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 Zacks’ 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 the consensus estimate of $24.87 billion. During the same quarter in the prior year, the company earned $1.71 EPS. The company’s revenue was up 3.3% on a year-over-year basis. analysts expect that JPMorgan Chase & Co. will post 8.78 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were paid a $0.56 dividend. The ex-dividend date was Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 1.95%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

In other JPMorgan Chase & Co. news, insider Peter Scher sold 26,532 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ashley Bacon sold 16,434 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,844,223.48. Following the sale, the insider now owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The disclosure for this sale can be found here. Insiders sold a total of 152,047 shares of company stock worth $17,098,115 in the last three months. 0.88% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in JPM. Jackson Grant Investment Advisers Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 12 shares in the last quarter. IPG Investment Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 0.3% in the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $608,000 after acquiring an additional 17 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock valued at $469,000 after acquiring an additional 26 shares in the last quarter. Fort Pitt Capital Group LLC raised its stake in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 9,084 shares of the financial services provider’s stock valued at $830,000 after acquiring an additional 37 shares in the last quarter. Finally, Financial Consulate Inc. raised its stake in shares of JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock valued at $372,000 after acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 73.02% 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.

Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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