JPMorgan Chase & Co. (NYSE:JPM) had its target price lowered by Morgan Stanley from $216.00 to $214.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.
A number of other research firms have also recently commented on JPM. Jefferies Financial Group increased their target price on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a buy rating in a report on Monday, April 8th. Robert W. Baird upped their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a neutral rating in a research note on Tuesday. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an overweight rating in a research note on Wednesday, March 20th. BMO Capital Markets lowered their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a market perform rating for the company in a research note on Monday, April 15th. Finally, Royal Bank of Canada reaffirmed an outperform rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $194.10.
View Our Latest Research Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Up 2.0 %
JPM stock opened at $199.58 on Tuesday. The stock has a market capitalization of $573.13 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 2.52 and a beta of 1.13. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12 month low of $134.40 and a 12 month high of $205.88. The firm has a 50-day moving average price of $194.19 and a 200-day moving average price of $177.38.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 16.22 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.30%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.
Insider Activity at JPMorgan Chase & Co.
In related news, insider Robin Leopold sold 3,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the sale, the insider now directly owns 44,113 shares in the company, valued at approximately $8,772,311.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Lori A. Beer sold 5,298 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the sale, the insider now directly owns 46,375 shares in the company, valued at $9,304,680. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the sale, the insider now owns 44,113 shares in the company, valued at $8,772,311.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,081,127 shares of company stock worth $198,695,364. Company insiders own 0.79% of the company’s stock.
Institutional Investors Weigh In On JPMorgan Chase & Co.
Several hedge funds and other institutional investors have recently modified their holdings of JPM. Stone House Investment Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares in the last quarter. Retirement Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. Richardson Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $34,000. Bare Financial Services Inc purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $35,000. Finally, Partnership Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $36,000. 71.55% of the stock is currently owned by 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 (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.
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Source: defenseworld.net
