Shares of J P Morgan Chase & Co (NYSE:JPM) have received a consensus rating of “Hold” from the thirty-four analysts that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and sixteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $91.51.

A number of equities analysts have issued reports on JPM shares. Buckingham Research reaffirmed a “neutral” rating and issued a $100.00 price objective (up from $94.00) on shares of J P Morgan Chase & Co in a research note on Monday, July 10th. Barclays PLC raised their price objective on shares of J P Morgan Chase & Co from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Keefe, Bruyette & Woods set a $96.00 price objective on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a research note on Saturday, August 19th. Credit Suisse Group reaffirmed a “buy” rating and issued a $110.00 price objective (up from $103.00) on shares of J P Morgan Chase & Co in a research note on Monday, October 9th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of J P Morgan Chase & Co in a research note on Thursday, October 12th.

J P Morgan Chase & Co (NYSE JPM) opened at 100.61 on Wednesday. The firm has a 50 day moving average price of $96.51 and a 200 day moving average price of $90.90. J P Morgan Chase & Co has a 12-month low of $67.64 and a 12-month high of $102.42. The company has a market cap of $355.63 billion, a PE ratio of 14.50 and a beta of 1.18.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The business had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. J P Morgan Chase & Co’s revenue was up 2.6% compared to the same quarter last year. On average, analysts anticipate that J P Morgan Chase & Co will post $6.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were paid a $0.56 dividend. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 2.23%. The ex-dividend date was Thursday, October 5th. J P Morgan Chase & Co’s payout ratio is presently 32.28%.

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In other news, General Counsel Stacey Friedman sold 2,099 shares of J P Morgan Chase & Co stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.88% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. grew its position in shares of J P Morgan 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 during the period. IPG Investment Advisors LLC grew its position in shares of J P Morgan 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 during the period. BSW Wealth Partners grew its position in shares of J P Morgan Chase & Co by 0.5% in the 1st quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 26 shares during the period. Sunbelt Securities Inc. grew its position in shares of J P Morgan 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 during the period. Finally, Financial Advisory Service Inc. grew its position in shares of J P Morgan Chase & Co by 0.7% in the 1st quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 36 shares during the period. 77.86% 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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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