J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “hold” rating reissued by equities research analysts at Oppenheimer Holdings, Inc. in a research note issued on Wednesday.

JPM has been the topic of several other reports. Sandler O’Neill cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research report on Thursday, October 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of J P Morgan Chase & Co in a research report on Wednesday. Morgan Stanley reaffirmed a “buy” rating and issued a $70.00 price objective on shares of J P Morgan Chase & Co in a research report on Wednesday. Credit Suisse Group reaffirmed a “buy” rating and issued a $78.00 price objective on shares of J P Morgan Chase & Co in a research report on Thursday, November 3rd. Finally, Jefferies Group boosted their price objective on shares of J P Morgan Chase & Co from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, October 10th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $75.71.

Analyst Recommendations for J P Morgan Chase & Co (NYSE:JPM)

J P Morgan Chase & Co (NYSE:JPM) traded up 0.15% during midday trading on Wednesday, reaching $86.56. 3,225,112 shares of the company’s stock were exchanged. J P Morgan Chase & Co has a 52 week low of $52.50 and a 52 week high of $87.76. The company has a market cap of $309.69 billion, a price-to-earnings ratio of 14.93 and a beta of 1.54. The firm has a 50-day moving average price of $84.28 and a 200 day moving average price of $71.07.

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J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.39 by $0.19. The business had revenue of $25.50 billion for the quarter. J P Morgan Chase & Co had a net margin of 22.92% and a return on equity of 10.47%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.54 earnings per share. Analysts anticipate that J P Morgan Chase & Co will post $5.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Wednesday, January 4th. J P Morgan Chase & Co’s dividend payout ratio is currently 33.10%.

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In other news, CEO Mary E. Erdoes sold 25,542 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $67.26, for a total transaction of $1,717,954.92. Following the completion of the sale, the chief executive officer now owns 291,080 shares of the company’s stock, valued at approximately $19,578,040.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark O’donovan sold 4,035 shares of the company’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $69.05, for a total transaction of $278,616.75. Following the sale, the insider now directly owns 6,005 shares of the company’s stock, valued at approximately $414,645.25. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new stake in shares of J P Morgan Chase & Co during the third quarter worth $899,412,000. Emerald Acquisition Ltd. purchased a new stake in shares of J P Morgan Chase & Co during the second quarter worth $546,431,000. Vanguard Group Inc. increased its stake in shares of J P Morgan Chase & Co by 2.1% in the second quarter. Vanguard Group Inc. now owns 229,636,598 shares of the financial services provider’s stock worth $14,269,618,000 after buying an additional 4,692,609 shares during the period. Capital Research Global Investors increased its stake in shares of J P Morgan Chase & Co by 36.2% in the third quarter. Capital Research Global Investors now owns 13,928,002 shares of the financial services provider’s stock worth $927,466,000 after buying an additional 3,699,360 shares during the period. Finally, Winslow Capital Management LLC purchased a new stake in shares of J P Morgan Chase & Co during the second quarter worth $221,862,000. 72.33% of the stock is owned by institutional investors.

About J P Morgan 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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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