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%.
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.
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