J P Morgan Chase & Co (NYSE:JPM) had its price target hoisted by Credit Suisse Group from $102.00 to $103.00 in a report released on Friday, Marketbeat.com reports. Credit Suisse Group currently has an outperform rating on the financial services provider’s stock.
A number of other analysts have also recently commented on JPM. UBS Group AG reaffirmed a buy rating and set a $101.00 target price on shares of J P Morgan Chase & Co in a report on Monday, May 15th. BidaskClub cut shares of J P Morgan Chase & Co from a buy rating to a hold rating in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and set a $93.00 target price on shares of J P Morgan Chase & Co in a report on Thursday, July 6th. Buckingham Research reaffirmed a neutral rating and set a $100.00 target price (up from $94.00) on shares of J P Morgan Chase & Co in a report on Monday, July 10th. Finally, Instinet reaffirmed a neutral rating and set a $84.00 target price (down from $87.00) on shares of J P Morgan Chase & Co in a report on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $84.98.
J P Morgan Chase & Co (NYSE JPM) traded down 0.35% on Friday, reaching $91.07. 14,709,533 shares of the company traded hands. J P Morgan Chase & Co has a 1-year low of $63.38 and a 1-year high of $94.51. The stock has a market capitalization of $323.51 billion, a price-to-earnings ratio of 14.02 and a beta of 1.19. The stock’s 50-day moving average is $85.98 and its 200-day moving average is $87.09.
J P Morgan Chase & Co (NYSE:JPM) last announced its earnings results on Friday, July 14th. The financial services provider reported $1.82 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 business 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 firm’s revenue was up 4.6% on a year-over-year basis. Equities research analysts expect that J P Morgan Chase & Co will post $6.79 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $2.00 annualized dividend and a dividend yield of 2.20%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 29.59%.
In other news, insider Ashley Bacon sold 6,514 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $87.21, for a total value of $568,085.94. Following the completion of the sale, the insider now owns 47,384 shares in the company, valued at approximately $4,132,358.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in JPM. Pacific Center for Financial Services purchased a new stake in J P Morgan Chase & Co during the fourth quarter valued at about $106,000. Northwest Quadrant Wealth Management LLC purchased a new stake in J P Morgan Chase & Co during the fourth quarter valued at about $125,000. Thomas J. Herzfeld Advisors Inc. purchased a new stake in J P Morgan Chase & Co during the fourth quarter valued at about $125,000. Glacier Peak Capital LLC purchased a new stake in J P Morgan Chase & Co during the fourth quarter valued at about $129,000. Finally, Tortoise Investment Management LLC raised its stake 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 valued at $136,000 after buying an additional 1,283 shares during the period. Hedge funds and other institutional investors own 74.25% of the company’s stock.
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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