JPMorgan Chase & Co. (JPM) Given a $96.00 Price Target by Deutsche Bank Analysts

Deutsche Bank set a $96.00 price target on JPMorgan Chase & Co. (NYSE:JPM) in a research report released on Tuesday morning. The brokerage currently has a neutral rating on the financial services provider’s stock.

Other analysts have also recently issued reports about the stock. Jefferies Group set a $111.00 price objective on shares of JPMorgan Chase & Co. and gave the company a buy rating in a research note on Friday, October 13th. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $86.00 to $91.00 and gave the company a market perform rating in a research note on Friday, October 13th. Buckingham Research raised shares of JPMorgan Chase & Co. from a neutral rating to a buy rating in a research note on Thursday, December 21st. Nomura set a $115.00 price objective on shares of JPMorgan Chase & Co. and gave the company a neutral rating in a research note on Friday, January 12th. Finally, Robert W. Baird boosted their price objective on shares of JPMorgan Chase & Co. from $88.00 to $92.00 and gave the company a neutral rating in a research note on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of Hold and a consensus target price of $104.85.

Shares of JPMorgan Chase & Co. (JPM) traded up $0.72 during midday trading on Tuesday, hitting $112.99. 14,937,063 shares of the stock traded hands, compared to its average volume of 14,944,510. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $113.43. The stock has a market cap of $392,040.00, a PE ratio of 17.71, a PEG ratio of 2.01 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the previous year, the company earned $1.71 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. sell-side analysts forecast that JPMorgan Chase & Co. will post 8.41 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.11%.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.88% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after buying an additional 3,717,683 shares during the last quarter. Northern Trust Corp grew its position in JPMorgan Chase & Co. by 1.8% in the 2nd 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 during the last quarter. Capital Research Global Investors grew its position in JPMorgan Chase & Co. by 2.5% in the 2nd 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 during the last quarter. Dimensional Fund Advisors LP grew its position in JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock worth $2,621,677,000 after purchasing an additional 176,306 shares during the last quarter. Finally, Legal & General Group Plc grew its position in JPMorgan Chase & Co. by 1.8% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 73.78% of the company’s stock.

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JPMorgan 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.

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

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