Several other equities research analysts have also recently weighed in on the stock. UBS AG reiterated a buy rating and issued a $101.00 target price on shares of J P Morgan Chase & Co in a research note on Monday, May 15th. Vetr lowered shares of J P Morgan Chase & Co from a strong-buy rating to a buy rating and set a $97.41 price target for the company. in a research report on Monday, May 15th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $92.00 price objective on shares of J P Morgan Chase & Co in a report on Wednesday, June 7th. Guggenheim raised shares of J P Morgan Chase & Co from a neutral rating to a buy rating and raised their price objective for the stock from $88.25 to $96.00 in a report on Tuesday, April 25th. Finally, Vining Sparks raised shares of J P Morgan Chase & Co to an outperform rating and set a $95.00 price target for the company in a report on Thursday, April 27th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nineteen have issued a buy rating to the stock. J P Morgan Chase & Co has a consensus rating of Buy and an average target price of $85.43.
J P Morgan Chase & Co (NYSE:JPM) traded down 0.29% during mid-day trading on Monday, hitting $91.28. The stock had a trading volume of 9,351,915 shares. The firm has a market cap of $324.30 billion, a P/E ratio of 14.89 and a beta of 1.19. J P Morgan Chase & Co has a 12-month low of $63.38 and a 12-month high of $94.51. The stock has a 50-day moving average price of $90.21 and a 200 day moving average price of $87.95.
J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The company had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the prior year, the company earned $1.55 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities analysts anticipate that J P Morgan Chase & Co will post $6.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, July 3rd. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 29.59%.
In other news, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashley Bacon sold 6,514 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $87.21, for a total transaction of $568,085.94. Following the sale, the insider now directly owns 47,384 shares of the company’s stock, valued at approximately $4,132,358.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,110 shares of company stock valued at $2,270,818. 0.85% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of JPM. Pacific Center for Financial Services bought a new position in J P Morgan Chase & Co during the fourth quarter worth about $106,000. Northwest Quadrant Wealth Management LLC bought a new position in J P Morgan Chase & Co during the fourth quarter worth about $125,000. Thomas J. Herzfeld Advisors Inc. bought a new position in J P Morgan Chase & Co during the fourth quarter worth about $125,000. Glacier Peak Capital LLC bought a new position in J P Morgan Chase & Co during the fourth quarter worth about $129,000. Finally, Tortoise Investment Management LLC boosted its position in J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,283 shares in the last quarter. 74.12% of the stock is owned by institutional investors.
J P Morgan 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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