JPMorgan Chase & Co. (JPM) Receives Consensus Recommendation of “Hold” from Analysts
JPMorgan Chase & Co. (NYSE:JPM) has earned an average recommendation of “Hold” from the twenty-nine analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $102.83.
Several research analysts recently commented on the company. Vetr downgraded JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price objective for the company. in a research note on Wednesday, January 10th. Vining Sparks reissued a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday. Nomura set a $115.00 price objective on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Friday. Argus increased their price objective on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Friday. Finally, Deutsche Bank downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and increased their price objective for the company from $90.00 to $96.00 in a research note on Tuesday, September 26th.
In other news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.88% of the company’s stock.
JPMorgan Chase & Co. (NYSE:JPM) opened at $112.67 on Monday. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $112.85. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $390,930.00, a price-to-earnings ratio of 17.66, a P/E/G ratio of 2.05 and a beta of 1.22.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The firm had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. During the same period in the prior year, the company earned $1.71 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. equities analysts predict that JPMorgan Chase & Co. will post 8.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.11%.
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JPMorgan Chase & Co. Company Profile
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.
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