JPMorgan Chase & Co. (NYSE:JPM) has been assigned an average recommendation of “Buy” from the thirty-three ratings firms that are covering the firm. Two research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, seventeen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $79.72.
Several research firms recently commented on JPM. Vetr upgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “strong-buy” rating and set a $97.82 price objective for the company in a research note on Wednesday. Rafferty Capital Markets reiterated a “buy” rating and set a $97.00 price objective (up previously from $96.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, March 21st. Barclays PLC reiterated an “overweight” rating and set a $100.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, March 20th. Credit Suisse Group AG boosted their price objective on shares of JPMorgan Chase & Co. to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, March 15th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $94.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 8th.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 12,986 shares of the stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $84.15, for a total transaction of $1,092,771.90. Following the transaction, the insider now directly owns 67,670 shares of the company’s stock, valued at $5,694,430.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Marianne Lake sold 13,072 shares of the stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $83.68, for a total transaction of $1,093,864.96. Following the transaction, the chief financial officer now directly owns 44,711 shares in the company, valued at $3,741,416.48. The disclosure for this sale can be found here. Insiders have sold 202,699 shares of company stock worth $17,009,515 over the last three months. 0.85% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at about $2,897,377,000. Dodge & Cox bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at about $2,297,616,000. FMR LLC increased its position in JPMorgan Chase & Co. by 19.4% in the fourth quarter. FMR LLC now owns 96,587,143 shares of the financial services provider’s stock valued at $8,334,505,000 after buying an additional 15,715,835 shares during the last quarter. State Street Corp increased its position in JPMorgan Chase & Co. by 7.5% in the fourth quarter. State Street Corp now owns 169,177,566 shares of the financial services provider’s stock valued at $14,598,334,000 after buying an additional 11,844,085 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at about $654,210,000. 73.65% of the stock is currently owned by institutional investors and hedge funds.
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Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 1.17% on Monday, hitting $84.40. 30,495,413 shares of the stock traded hands. The stock has a 50 day moving average of $89.43 and a 200 day moving average of $81.85. JPMorgan Chase & Co. has a one year low of $57.05 and a one year high of $93.98. The company has a market cap of $300.52 billion, a PE ratio of 13.63 and a beta of 1.49.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Thursday, April 13th. The financial services provider reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.13. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 10.91%. The firm earned $25.59 billion during the quarter, compared to analysts’ expectations of $24.40 billion. During the same quarter in the prior year, the company earned $1.35 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post $6.58 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 2.37%. JPMorgan Chase & Co.’s dividend payout ratio is 31.02%.
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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