JPMorgan Chase & Co. (JPM) Receives $114.49 Average Price Target from Analysts

JPMorgan Chase & Co. (NYSE:JPM) has been assigned an average rating of “Hold” from the twenty-eight analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $114.49.

A number of research firms have recently issued reports on JPM. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. BMO Capital Markets reiterated a “hold” rating and issued a $110.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, April 13th. Vetr upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $111.28 target price for the company in a research note on Thursday, March 1st. Vining Sparks reiterated a “buy” rating and issued a $130.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, April 6th. Finally, Morgan Stanley cut their target price on shares of JPMorgan Chase & Co. from $138.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, April 30th.

JPMorgan Chase & Co. traded down $0.63, reaching $107.55, during midday trading on Thursday, according to Marketbeat Ratings. 12,706,293 shares of the company’s stock were exchanged, compared to its average volume of 15,208,735. JPMorgan Chase & Co. has a one year low of $86.61 and a one year high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19. The stock has a market cap of $370.31 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 1.79 and a beta of 1.21.



JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. JPMorgan Chase & Co. had a net margin of 22.53% and a return on equity of 12.60%. The company had revenue of $27.90 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 12.0% compared to the same quarter last year. equities research analysts expect that JPMorgan Chase & Co. will post 9.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, July 6th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.61%.

In other JPMorgan Chase & Co. news, Director Chase & Co Jpmorgan bought 22,000 shares of the stock in a transaction on Thursday, May 31st. The stock was purchased at an average price of $1,000.00 per share, with a total value of $22,000,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mellody L. Hobson bought 18,000 shares of the stock in a transaction on Monday, April 16th. The shares were acquired at an average cost of $111.05 per share, with a total value of $1,998,900.00. Following the acquisition, the director now directly owns 864 shares in the company, valued at approximately $95,947.20. The disclosure for this purchase can be found here. In the last three months, insiders purchased 53,000 shares of company stock valued at $25,488,830. 0.73% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JPM. BlackRock Inc. boosted its position in shares of JPMorgan Chase & Co. by 0.7% during the first quarter. BlackRock Inc. now owns 228,054,279 shares of the financial services provider’s stock worth $25,079,128,000 after purchasing an additional 1,627,006 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of 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. Legal & General Group Plc boosted its position in shares of JPMorgan Chase & Co. by 1.8% during the third quarter. Legal & General Group Plc now owns 18,083,319 shares of the financial services provider’s stock worth $1,727,118,000 after purchasing an additional 313,968 shares in the last quarter. Capital International Investors boosted its position in shares of JPMorgan Chase & Co. by 4.6% during the third quarter. Capital International Investors now owns 18,080,222 shares of the financial services provider’s stock worth $1,726,842,000 after purchasing an additional 802,024 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of JPMorgan Chase & Co. by 11.7% during the fourth quarter. Jennison Associates LLC now owns 17,180,823 shares of the financial services provider’s stock worth $1,837,317,000 after purchasing an additional 1,804,721 shares in the last quarter. 71.98% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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