JPMorgan Chase & Co. (JPM) PT Set at $119.00 by Bank of America

Bank of America set a $119.00 price target on JPMorgan Chase & Co. (NYSE:JPM) in a research report report published on Monday. The brokerage currently has a buy rating on the financial services provider’s stock.

Several other equities analysts also recently weighed in on JPM. Robert W. Baird reaffirmed a hold rating and issued a $88.00 target price on shares of JPMorgan Chase & Co. in a research report on Thursday, September 21st. Deutsche Bank downgraded JPMorgan Chase & Co. from a buy rating to a hold rating and lifted their target price for the company from $90.00 to $96.00 in a research report on Tuesday, September 26th. Citigroup lifted their target price on JPMorgan Chase & Co. from $90.00 to $96.00 and gave the company a neutral rating in a research report on Friday, October 6th. Credit Suisse Group reaffirmed a buy rating and issued a $110.00 target price (up from $103.00) on shares of JPMorgan Chase & Co. in a research report on Monday, October 9th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. currently has a consensus rating of Hold and a consensus target price of $105.81.

JPMorgan Chase & Co. (NYSE:JPM) opened at $113.26 on Monday. The firm has a market capitalization of $392,980.00, a PE ratio of 17.75, a price-to-earnings-growth ratio of 2.00 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. has a 52-week low of $81.64 and a 52-week high of $113.72.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. JPMorgan Chase & Co.’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 EPS. equities research analysts anticipate that JPMorgan Chase & Co. will post 8.41 earnings per share for the current year.

The business also recently disclosed 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. This represents a $2.24 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is presently 35.11%.

In related news, CEO Mary E. Erdoes sold 65,101 shares of the business’s 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 in the company, valued at $53,866,754.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,844,223.48. Following the sale, the insider now owns 98,811 shares of the company’s stock, valued at approximately $11,088,570.42. The disclosure for this sale can be found here. Insiders sold a total of 127,614 shares of company stock valued at $14,302,869 in the last quarter. Company insiders own 0.88% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position 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 buying an additional 3,717,683 shares during the period. Northern Trust Corp increased its position 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 buying an additional 847,463 shares during the period. Capital Research Global Investors increased its position 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 buying an additional 765,082 shares during the period. Dimensional Fund Advisors LP increased its position in JPMorgan Chase & Co. by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock worth $2,621,677,000 after buying an additional 176,306 shares during the period. Finally, Legal & General Group Plc increased its position in 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 buying an additional 313,968 shares during the period. Hedge funds and other institutional investors 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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