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JMP Group (NYSE:JMP) was downgraded by research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report released on Wednesday, TheFlyOnTheWall.com reports. They currently have a $7.25 price objective on the stock, down from their previous price objective of $8.00. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 9.19% from the stock’s previous close.

Shares of JMP Group (NYSE:JMP) traded up 0.15% on Wednesday, hitting $6.65. The stock had a trading volume of 51,131 shares. JMP Group has a 52-week low of $5.99 and a 52-week high of $8.42. The stock’s 50-day moving average is $7.26 and its 200-day moving average is $6.99. The company has a market cap of $145.1 million and a price-to-earnings ratio of 41.50.

JMP Group (NYSE:JMP) last released its earnings data on Friday, February 14th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. Analysts expect that JMP Group will post $0.70 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, March 26th. This is a boost from JMP Group’s previous quarterly dividend of $0.04.

JMP Group Inc is a full-service investment banking, asset management and corporate credit management firm.

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