J P Morgan Chase & Co (JPM) Stock Rating Reaffirmed by Buckingham Research

J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “neutral” rating reaffirmed by Buckingham Research in a research note issued to investors on Monday. They currently have a $100.00 price target on the financial services provider’s stock, up from their prior price target of $94.00. Buckingham Research’s price objective indicates a potential upside of 7.72% from the stock’s previous close.

JPM has been the topic of a number of other research reports. Rafferty Capital Markets reissued a “buy” rating and issued a $97.00 price objective (up previously from $96.00) on shares of J P Morgan Chase & Co in a report on Tuesday, March 21st. Credit Suisse Group raised their price objective on shares of J P Morgan Chase & Co to $99.00 and gave the stock a “buy” rating in a report on Wednesday, March 15th. Barclays PLC reissued an “overweight” rating and issued a $100.00 price objective on shares of J P Morgan Chase & Co in a report on Monday, March 20th. Vetr raised shares of J P Morgan Chase & Co from a “buy” rating to a “strong-buy” rating and set a $97.82 price objective on the stock in a report on Tuesday, April 4th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of J P Morgan Chase & Co in a report on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-one have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $84.05.

J P Morgan Chase & Co (NYSE:JPM) opened at 92.83 on Monday. The firm has a 50-day moving average of $85.98 and a 200-day moving average of $87.09. J P Morgan Chase & Co has a 1-year low of $61.33 and a 1-year high of $94.51. The stock has a market capitalization of $329.76 billion, a PE ratio of 14.29 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Thursday, April 13th. The financial services provider reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.13. The company had revenue of $25.59 billion for the quarter, compared to the consensus estimate of $24.40 billion. J P Morgan Chase & Co had a net margin of 23.82% and a return on equity of 11.25%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.35 earnings per share. Equities analysts expect that J P Morgan Chase & Co will post $6.64 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Monday, July 3rd. J P Morgan Chase & Co’s dividend payout ratio (DPR) is 30.82%.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Markets Daily and is owned by of Markets Daily. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.themarketsdaily.com/2017/07/12/j-p-morgan-chase-co-jpm-stock-rating-reaffirmed-by-buckingham-research.html.

In other J P Morgan Chase & Co news, insider Ashley Bacon sold 6,514 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $87.21, for a total transaction of $568,085.94. Following the transaction, the insider now owns 47,384 shares in the company, valued at $4,132,358.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 10,792 shares of the business’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $85.07, for a total transaction of $918,075.44. Following the transaction, the general counsel now owns 63,344 shares in the company, valued at approximately $5,388,674.08. The disclosure for this sale can be found here. Insiders have sold 20,711 shares of company stock worth $1,775,791 in the last quarter. Company insiders own 0.85% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacific Center for Financial Services purchased a new position in J P Morgan Chase & Co during the fourth quarter worth $106,000. Northwest Quadrant Wealth Management LLC purchased a new position in J P Morgan Chase & Co during the fourth quarter worth $125,000. Thomas J. Herzfeld Advisors Inc. purchased a new position in J P Morgan Chase & Co during the fourth quarter worth $125,000. Glacier Peak Capital LLC purchased a new position in J P Morgan Chase & Co during the fourth quarter worth $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 during the period. Institutional investors and hedge funds own 74.24% of the company’s stock.

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)

Receive News & Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply