Shares of JPMorgan Chase & Co. (NYSE:JPM) have been given an average recommendation of "Buy" by the twenty-six brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $110.72.
JPM has been the topic of a number of recent analyst reports. TheStreet upgraded shares of JPMorgan Chase & Co. from a "c" rating to a "b-" rating in a research report on Tuesday, August 4th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $113.00 target price on the stock in a research report on Thursday, July 9th. Oppenheimer reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $105.75 target price on the stock in a research report on Wednesday, May 20th. Finally, BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $108.00 to $119.00 in a research report on Wednesday, July 15th.
In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 24,554 shares of the stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total value of $2,443,614.08. Company insiders own 0.78% of the company's stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. NuWave Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $30,000. Laidlaw Wealth Management LLC increased its position in JPMorgan Chase & Co. by 20,306.8% during the second quarter. Laidlaw Wealth Management LLC now owns 2,810,830 shares of the financial services provider's stock worth $30,000 after acquiring an additional 2,797,056 shares during the period. Lion Street Advisors LLC bought a new position in JPMorgan Chase & Co. during the first quarter worth about $37,000. FAI Wealth Management increased its position in JPMorgan Chase & Co. by 317.0% during the second quarter. FAI Wealth Management now owns 417 shares of the financial services provider's stock worth $39,000 after acquiring an additional 317 shares during the period. Finally, Bay Harbor Wealth Management LLC increased its position in JPMorgan Chase & Co. by 18.3% during the second quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider's stock worth $65,000 after acquiring an additional 107 shares during the period. Institutional investors own 69.35% of the company's stock.
NYSE:JPM opened at $99.28 on Wednesday. The firm has a market cap of $302.57 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 3.39 and a beta of 1.16. JPMorgan Chase & Co. has a 12 month low of $76.91 and a 12 month high of $141.10. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.35. The company's 50-day moving average price is $100.06 and its two-hundred day moving average price is $97.29.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.38 EPS for the quarter, beating the Zacks' consensus estimate of $1.34 by $0.04. The firm had revenue of $32.98 billion for the quarter, compared to analyst estimates of $30.23 billion. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.82 earnings per share. On average, research analysts expect that JPMorgan Chase & Co. will post 5.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 3.63%. JPMorgan Chase & Co.'s dividend payout ratio is currently 34.35%.
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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