J P Morgan Chase & Co (NYSE:JPM) announced a quarterly dividend on Tuesday, December 12th, RTT News reports. Stockholders of record on Friday, January 5th will be given a dividend of 0.56 per share by the financial services provider on Wednesday, January 31st. This represents a $2.24 annualized dividend and a dividend yield of 2.12%.

J P Morgan Chase & Co has raised its dividend by an average of 10.6% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. J P Morgan Chase & Co has a payout ratio of 32.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect J P Morgan Chase & Co to earn $7.71 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 29.1%.

J P Morgan Chase & Co (NYSE:JPM) traded down $0.31 on Tuesday, hitting $105.62. 10,591,200 shares of the stock traded hands, compared to its average volume of 13,991,377. J P Morgan Chase & Co has a 52 week low of $81.64 and a 52 week high of $108.40. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $367,548.06, a PE ratio of 15.26, a PEG ratio of 2.30 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping 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 company had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same period in the prior year, the company posted $1.58 earnings per share. J P Morgan Chase & Co’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities research analysts anticipate that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating on shares of J P Morgan Chase & Co in a research note on Wednesday, October 11th. Deutsche Bank lowered shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and increased their target price for the stock from $90.00 to $96.00 in a research note on Tuesday, September 26th. Robert W. Baird reissued a “hold” rating and set a $88.00 target price on shares of J P Morgan Chase & Co in a research note on Thursday, September 21st. Zacks Investment Research lowered shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 target price on the stock in a research note on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $92.18.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tanaka Capital Management Inc. increased its holdings in J P Morgan Chase & Co by 15.3% during the second quarter. Tanaka Capital Management Inc. now owns 1,994 shares of the financial services provider’s stock worth $182,000 after buying an additional 264 shares during the last quarter. Hanson McClain Inc. increased its holdings in J P Morgan Chase & Co by 33.5% during the second quarter. Hanson McClain Inc. now owns 2,051 shares of the financial services provider’s stock worth $187,000 after buying an additional 515 shares during the last quarter. Westside Investment Management Inc. increased its holdings in J P Morgan Chase & Co by 3.8% during the second quarter. Westside Investment Management Inc. now owns 2,312 shares of the financial services provider’s stock worth $215,000 after buying an additional 84 shares during the last quarter. Merriman Wealth Management LLC purchased a new stake in J P Morgan Chase & Co during the second quarter worth about $212,000. Finally, Torray LLC purchased a new stake in J P Morgan Chase & Co during the second quarter worth about $217,000. Institutional investors and hedge funds own 73.93% of the company’s stock.

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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.

Dividend History for J P Morgan Chase & Co (NYSE:JPM)

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