Keefe, Bruyette & Woods upgraded shares of JPMorgan Chase & Co. (NYSE:JPM) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday, February 13th, Marketbeat reports. They currently have $127.00 price objective on the financial services provider’s stock.
JPM has been the topic of a number of other research reports. Vetr upgraded JPMorgan Chase & Co. from a strong sell rating to a sell rating and set a $102.07 price target on the stock in a report on Tuesday, February 6th. ValuEngine upgraded JPMorgan Chase & Co. from a hold rating to a buy rating in a report on Friday, February 2nd. Bank of America set a $119.00 target price on JPMorgan Chase & Co. and gave the company a buy rating in a report on Monday, January 15th. UBS Group reiterated a buy rating and set a $125.00 target price (up previously from $119.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, January 16th. Finally, Nomura set a $115.00 price target on JPMorgan Chase & Co. and gave the stock a neutral rating in a research note on Friday, January 12th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. has an average rating of Hold and an average price target of $109.67.
JPMorgan Chase & Co. (JPM) traded up $1.07 during trading on Tuesday, hitting $116.26. The stock had a trading volume of 5,176,871 shares, compared to its average volume of 16,110,724. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $117.45. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. The stock has a market cap of $401,900.00, a P/E ratio of 18.16, a P/E/G ratio of 1.96 and a beta of 1.22.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were issued a $0.56 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 1.93%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.
In other JPMorgan Chase & Co. news, Director James S. Crown purchased 7,280 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were bought at an average price of $113.37 per share, with a total value of $825,333.60. Following the completion of the acquisition, the director now owns 305,875 shares in the company, valued at approximately $34,677,048.75. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Peter Scher sold 17,057 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.20, for a total value of $1,913,795.40. Following the sale, the executive vice president now directly owns 15,310 shares in the company, valued at approximately $1,717,782. The disclosure for this sale can be found here. Insiders sold 152,047 shares of company stock worth $17,098,115 in the last three months. 0.88% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in JPM. Vanguard Group Inc. raised its holdings in JPMorgan Chase & Co. by 1.5% during the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after purchasing an additional 3,717,683 shares in the last quarter. Northern Trust Corp raised its holdings in JPMorgan Chase & Co. by 1.8% during the second quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock worth $4,475,468,000 after purchasing an additional 847,463 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in JPMorgan Chase & Co. by 1.4% during the fourth quarter. Bank of New York Mellon Corp now owns 38,499,692 shares of the financial services provider’s stock worth $4,117,157,000 after purchasing an additional 530,709 shares in the last quarter. Geode Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 37,112,305 shares of the financial services provider’s stock worth $3,960,594,000 after purchasing an additional 883,150 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in JPMorgan Chase & Co. by 2.5% during the second quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock worth $2,898,729,000 after purchasing an additional 765,082 shares in the last quarter. 73.02% of the stock is currently owned by institutional investors.
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About JPMorgan 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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