JPMorgan Chase & Co. (NYSE:JPM) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• JPMorgan Chase & Co. received an average analyst recommendation of "Hold", with three sell ratings, nine holds, and fifteen buys noted among twenty-seven analysts covering the stock.
• The firm has announced a quarterly dividend increase from $1.40 to $1.50 per share, representing an annual yield of 2.0%.
• In its latest quarter, JPMorgan reported earnings of $5.07 EPS, surpassing analysts' expectations and achieving an 8.8% year-over-year revenue growth.

Shares of JPMorgan Chase & Co. (NYSE:JPM) have been assigned an average recommendation of "Hold" from the twenty-seven analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $319.40.

JPM has been the topic of several research analyst reports. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday, October 7th. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Phillip Securities lowered shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Finally, Evercore ISI increased their price objective on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday, September 30th.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.47% of the company's stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

A number of hedge funds have recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC increased its position in JPMorgan Chase & Co. by 609,867.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider's stock worth $21,133,630,000 after acquiring an additional 72,885,260 shares during the period. Geode Capital Management LLC increased its position in JPMorgan Chase & Co. by 0.5% during the second quarter. Geode Capital Management LLC now owns 61,129,271 shares of the financial services provider's stock worth $17,646,506,000 after acquiring an additional 300,160 shares during the period. Norges Bank bought a new position in JPMorgan Chase & Co. during the second quarter worth about $10,295,209,000. Bank of New York Mellon Corp increased its holdings in JPMorgan Chase & Co. by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 24,801,153 shares of the financial services provider's stock valued at $6,083,723,000 after buying an additional 454,226 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in JPMorgan Chase & Co. by 2.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,548,182 shares of the financial services provider's stock valued at $5,040,469,000 after buying an additional 548,853 shares during the period. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $298.67 on Friday. The stock has a market cap of $821.27 billion, a P/E ratio of 14.79, a P/E/G ratio of 1.96 and a beta of 1.13. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. The company has a fifty day moving average price of $302.63 and a two-hundred day moving average price of $278.17. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.83 by $0.24. The firm had revenue of $46.43 billion during the quarter, compared to analysts' expectations of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $4.37 earnings per share. As a group, equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a dividend of $1.50 per share. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.'s payout ratio is 29.72%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

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