JPMorgan Chase & Co. (JPM) Receives $114.49 Average Target Price from Brokerages

Shares of JPMorgan Chase & Co. (NYSE:JPM) have been given an average rating of “Hold” by the twenty-eight brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $114.49.

Several research analysts have recently issued reports on JPM shares. Morgan Stanley lowered their price objective on JPMorgan Chase & Co. from $138.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, April 30th. BMO Capital Markets reissued a “hold” rating and set a $110.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, April 13th. Edward Jones raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. Vetr raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $111.28 target price for the company in a research report on Thursday, March 1st. Finally, Nomura increased their target price on shares of JPMorgan Chase & Co. from $113.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th.

In other news, Director Todd A. Combs bought 13,000 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The shares were bought at an average cost of $114.61 per share, for a total transaction of $1,489,930.00. Following the acquisition, the director now directly owns 18,277 shares in the company, valued at $2,094,726.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mellody L. Hobson bought 18,000 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The stock was purchased at an average price of $111.05 per share, for a total transaction of $1,998,900.00. Following the completion of the acquisition, the director now owns 864 shares in the company, valued at $95,947.20. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 53,000 shares of company stock valued at $25,488,830. Insiders own 0.73% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Norinchukin Bank The lifted its stake in JPMorgan Chase & Co. by 21.0% during the 3rd quarter. Norinchukin Bank The now owns 206,059 shares of the financial services provider’s stock valued at $19,681,000 after acquiring an additional 35,776 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in JPMorgan Chase & Co. by 1.9% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 44,782 shares of the financial services provider’s stock valued at $4,277,000 after acquiring an additional 817 shares in the last quarter. Monroe Bank & Trust MI lifted its stake in JPMorgan Chase & Co. by 16.3% during the 3rd quarter. Monroe Bank & Trust MI now owns 17,032 shares of the financial services provider’s stock valued at $1,469,000 after acquiring an additional 2,389 shares in the last quarter. Oakworth Capital Inc. lifted its stake in JPMorgan Chase & Co. by 3.3% during the 3rd quarter. Oakworth Capital Inc. now owns 103,150 shares of the financial services provider’s stock valued at $9,375,000 after acquiring an additional 3,331 shares in the last quarter. Finally, Condor Capital Management lifted its stake in JPMorgan Chase & Co. by 12.5% during the 3rd quarter. Condor Capital Management now owns 16,944 shares of the financial services provider’s stock valued at $1,618,000 after acquiring an additional 1,884 shares in the last quarter. Institutional investors own 72.10% of the company’s stock.

Shares of JPMorgan Chase & Co. stock traded down $0.13 on Thursday, hitting $107.90. The stock had a trading volume of 26,028,572 shares, compared to its average volume of 13,531,552. JPMorgan Chase & Co. has a twelve month low of $86.01 and a twelve month high of $119.33. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $370.31 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.79 and a beta of 1.21.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.09. JPMorgan Chase & Co. had a return on equity of 12.60% and a net margin of 22.53%. The company had revenue of $27.90 billion during the quarter, compared to the consensus estimate of $27.73 billion. During the same quarter in the prior year, the firm posted $1.65 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. equities analysts anticipate that JPMorgan Chase & Co. will post 9.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, July 6th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.61%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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