J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “buy” rating reiterated by investment analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Wednesday.

A number of other equities analysts have also recently weighed in on JPM. CLSA reissued a “buy” rating and set a $79.00 price target on shares of J P Morgan Chase & Co in a research report on Wednesday. BMO Capital Markets reissued a “hold” rating and set a $77.00 price target on shares of J P Morgan Chase & Co in a research report on Wednesday. Credit Suisse Group reissued a “buy” rating and set a $88.00 price target on shares of J P Morgan Chase & Co in a research report on Wednesday. Drexel Hamilton reissued a “buy” rating and set a $78.00 price target on shares of J P Morgan Chase & Co in a research report on Wednesday. Finally, Goldman Sachs Group, Inc. (The) reissued a “hold” rating and set a $71.00 price target on shares of J P Morgan Chase & Co in a research report on Wednesday. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-one have issued a buy rating to the stock. J P Morgan Chase & Co has a consensus rating of “Hold” and a consensus 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 trading on Wednesday, reaching $86.56. 3,225,112 shares of the company’s stock traded hands. The firm has a market cap of $309.69 billion, a PE ratio of 14.93 and a beta of 1.54. J P Morgan Chase & Co has a 12 month low of $52.50 and a 12 month high of $87.76. 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 announced its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.19. The company 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 for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.54 earnings per share. On average, analysts forecast that J P Morgan Chase & Co will post $5.91 earnings per share for the current fiscal year.

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

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In related news, CFO Marianne Lake sold 14,083 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $67.26, for a total value of $947,222.58. Following the transaction, the chief financial officer now owns 16,581 shares in the company, valued at approximately $1,115,238.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark O’donovan sold 4,035 shares of the company’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $69.05, for a total transaction of $278,616.75. Following the completion of the transaction, the insider now owns 6,005 shares in the company, valued at approximately $414,645.25. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in JPM. Cape Cod Five Cents Savings Bank increased its stake in J P Morgan Chase & Co by 2.8% in the second quarter. Cape Cod Five Cents Savings Bank now owns 136,672 shares of the financial services provider’s stock worth $8,493,000 after buying an additional 3,714 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in J P Morgan Chase & Co by 4.9% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 511,492 shares of the financial services provider’s stock worth $31,784,000 after buying an additional 24,000 shares in the last quarter. Pioneer Trust Bank N A OR increased its stake in J P Morgan Chase & Co by 8.3% in the second quarter. Pioneer Trust Bank N A OR now owns 54,094 shares of the financial services provider’s stock worth $3,361,000 after buying an additional 4,135 shares in the last quarter. Heritage Investors Management Corp increased its stake in J P Morgan Chase & Co by 0.4% in the second quarter. Heritage Investors Management Corp now owns 315,819 shares of the financial services provider’s stock worth $19,625,000 after buying an additional 1,355 shares in the last quarter. Finally, Heartwood Wealth Management Ltd acquired a new stake in J P Morgan Chase & Co during the second quarter worth about $1,613,000. Institutional investors and hedge funds own 72.33% of the company’s stock.

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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