JPMorgan Chase & Co. (NYSE:JPM) had its target price boosted by Royal Bank of Canada to $125.00 in a report published on Wednesday, The Fly reports. The firm currently has an outperform rating on the financial services provider’s stock.
A number of other brokerages also recently commented on JPM. Credit Suisse Group set a $135.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a buy rating in a research report on Friday, October 11th. Deutsche Bank restated a neutral rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. ValuEngine upgraded shares of JPMorgan Chase & Co. from a sell rating to a hold rating in a research report on Wednesday, September 4th. Robert W. Baird upped their price objective on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the stock a neutral rating in a research report on Wednesday. Finally, Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $122.00 to $124.00 and gave the stock an overweight rating in a research report on Wednesday. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $121.94.
JPMorgan Chase & Co. stock traded up $0.55 during trading hours on Wednesday, reaching $120.23. 5,727,999 shares of the stock were exchanged, compared to its average volume of 11,109,826. The stock has a market cap of $372.35 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.68 and a beta of 1.20. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 0.97. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $121.59. The firm’s 50 day moving average is $115.24 and its 200 day moving average is $111.91.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $2.68 EPS for the quarter, topping the Zacks’ consensus estimate of $2.45 by $0.23. The company had revenue of $29.34 billion during the quarter, compared to the consensus estimate of $28.36 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. JPMorgan Chase & Co.’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.34 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 9.91 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, October 3rd. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.99%. JPMorgan Chase & Co.’s dividend payout ratio is 40.00%.
In related news, Director Mellody L. Hobson purchased 18,200 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $109.91 per share, with a total value of $2,000,362.00. Following the purchase, the director now directly owns 7,804 shares in the company, valued at approximately $857,737.64. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.76% of the company’s stock.
Several large investors have recently bought and sold shares of JPM. Personal Wealth Partners acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $28,000. MRA Associates USA LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $30,000. Vista Private Wealth Partners. LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $35,000. Titan Capital Management LLC CA acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $35,000. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $56,000. 71.94% of the stock is currently owned by institutional investors and hedge funds.
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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