JPMorgan Chase & Co.’s (JPM) Buy Rating Reiterated at Jefferies Group

Jefferies Group reaffirmed their buy rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a report released on Wednesday, The Fly reports. The firm currently has a $131.00 price target on the financial services provider’s stock, up from their prior price target of $124.00.

JPM has been the topic of several other reports. Vetr cut shares of JPMorgan Chase & Co. from a sell rating to a strong sell rating and set a $93.51 price objective on the stock. in a research report on Wednesday, January 10th. Credit Suisse Group upgraded shares of JPMorgan Chase & Co. to a buy rating and set a $120.00 price objective on the stock in a research report on Friday, January 5th. Vining Sparks restated a buy rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, January 12th. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a hold rating to a buy rating and set a $126.00 price objective on the stock in a research report on Thursday, January 18th. Finally, ValuEngine upgraded shares of JPMorgan Chase & Co. from a hold rating to a buy rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $109.67.

JPMorgan Chase & Co. (NYSE JPM) opened at $115.19 on Wednesday. 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 firm has a market cap of $398,012.25, a P/E ratio of 18.28, a P/E/G ratio of 1.96 and a beta of 1.23. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $117.45.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 earnings per share. analysts anticipate that JPMorgan Chase & Co. will post 8.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

In other news, CEO Mary E. Erdoes sold 65,101 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the completion of the sale, the chief executive officer now owns 479,882 shares of the company’s stock, valued at $53,866,754.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Peter Scher sold 26,532 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,047 shares of company stock valued at $17,098,115. Insiders own 0.88% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth $104,000. Keeler Thomas Management LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth $112,000. Kohmann Bosshard Financial Services LLC purchased a new stake in JPMorgan Chase & Co. in the third quarter worth $102,000. Welch Investments LLC purchased a new stake in JPMorgan Chase & Co. in the third quarter worth $103,000. Finally, Cerebellum GP LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth $119,000. 73.02% of the stock is owned by hedge funds and other 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.

The Fly

Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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