JPMorgan Chase & Co. (JPM) Receives Consensus Rating of “Hold” from Analysts

JPMorgan Chase & Co. (NYSE:JPM) has been assigned a consensus rating of “Hold” from the twenty-nine research firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $108.24.

Several equities analysts recently weighed in on JPM shares. Oppenheimer reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, October 12th. Jefferies Group set a $111.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, October 13th. BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $86.00 to $91.00 and gave the company a “market perform” rating in a research note on Friday, October 13th. Robert W. Baird raised their target price on shares of JPMorgan Chase & Co. from $88.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Finally, Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $99.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, October 13th.

JPMorgan Chase & Co. (NYSE JPM) opened at $107.88 on Friday. The firm has a market cap of $374,310.00, a P/E ratio of 16.91, a PEG ratio of 1.90 and a beta of 1.22. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $117.35. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The business had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same period last year, the business earned $1.71 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. equities research analysts predict that JPMorgan Chase & Co. will post 8.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.

In related news, CEO Mary E. Erdoes sold 65,101 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total value of $7,307,587.25. Following the completion of the transaction, the chief executive officer now owns 479,882 shares of the company’s stock, valued at $53,866,754.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Peter Scher sold 26,532 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. Insiders have sold 152,047 shares of company stock valued at $17,098,115 in the last three months. Insiders own 0.88% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Jackson Grant Investment Advisers Inc. raised its stake in JPMorgan Chase & Co. by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock worth $301,000 after acquiring an additional 12 shares in the last quarter. IPG Investment Advisors LLC raised its stake in JPMorgan Chase & Co. by 0.3% during the second quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after acquiring an additional 17 shares in the last quarter. Sunbelt Securities Inc. raised its stake in JPMorgan Chase & Co. by 0.5% during the second quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after acquiring an additional 26 shares in the last quarter. Fort Pitt Capital Group LLC raised its stake in JPMorgan Chase & Co. by 0.4% during the second quarter. Fort Pitt Capital Group LLC now owns 9,084 shares of the financial services provider’s stock worth $830,000 after acquiring an additional 37 shares in the last quarter. Finally, Financial Consulate Inc. raised its stake in JPMorgan Chase & Co. by 1.1% during the second quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock worth $372,000 after acquiring an additional 44 shares in the last quarter. 73.82% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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