JPMorgan Chase & Co. (NYSE:JPM) Receives $123.44 Average PT from Brokerages

JPMorgan Chase & Co. (NYSE:JPM) has received an average recommendation of “Hold” from the twenty-two analysts that are presently covering the firm, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $123.44.

Several brokerages recently weighed in on JPM. Zacks Investment Research lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Monday, April 8th. Morgan Stanley increased their price target on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Deutsche Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday. BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $116.00 to $118.00 and gave the company a “market perform” rating in a report on Monday, April 15th. Finally, Credit Suisse Group increased their price target on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, April 15th.

In other news, insider Ashley Bacon sold 20,145 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $109.75, for a total transaction of $2,210,913.75. Following the completion of the sale, the insider now directly owns 112,191 shares in the company, valued at $12,312,962.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas B. Petno sold 18,303 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $109.74, for a total value of $2,008,571.22. Following the sale, the chief executive officer now owns 259,386 shares of the company’s stock, valued at $28,465,019.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 157,573 shares of company stock valued at $17,293,454. 0.76% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Motley Fool Asset Management LLC lifted its stake in JPMorgan Chase & Co. by 21.1% in the third quarter. Motley Fool Asset Management LLC now owns 44,161 shares of the financial services provider’s stock worth $4,983,000 after acquiring an additional 7,703 shares during the period. Princeton Portfolio Strategies Group LLC lifted its stake in JPMorgan Chase & Co. by 58.1% in the third quarter. Princeton Portfolio Strategies Group LLC now owns 73,876 shares of the financial services provider’s stock worth $8,336,000 after acquiring an additional 27,163 shares during the period. McKinley Carter Wealth Services Inc. purchased a new stake in JPMorgan Chase & Co. in the third quarter worth $1,031,000. Johanson Financial Advisors Inc. lifted its stake in JPMorgan Chase & Co. by 2.9% in the third quarter. Johanson Financial Advisors Inc. now owns 23,479 shares of the financial services provider’s stock worth $2,650,000 after acquiring an additional 662 shares during the period. Finally, ING Groep NV lifted its stake in JPMorgan Chase & Co. by 6.6% in the third quarter. ING Groep NV now owns 585,856 shares of the financial services provider’s stock worth $66,108,000 after acquiring an additional 36,310 shares during the period. Institutional investors own 71.39% of the company’s stock.

Shares of JPM traded up $2.96 during trading hours on Monday, hitting $111.80. The stock had a trading volume of 21,631,897 shares, compared to its average volume of 11,876,654. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $353.07 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 1.55 and a beta of 1.18. The stock has a fifty day simple moving average of $109.77. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.33. The business had revenue of $29.12 billion for the quarter, compared to analyst estimates of $27.95 billion. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. During the same period last year, the company posted $2.37 EPS. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 10.03 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $3.20 annualized dividend and a yield of 2.86%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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