J P Morgan Chase & Co (JPM) Receives “Buy” Rating from Keefe, Bruyette & Woods

J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “buy” rating reiterated by analysts at Keefe, Bruyette & Woods in a note issued to investors on Wednesday.

JPM has been the topic of a number of other reports. Sandler O’Neill downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a report on Thursday, October 6th. Morgan Stanley reiterated a “buy” rating and issued a $70.00 price objective on shares of J P Morgan Chase & Co in a report on Wednesday. Credit Suisse Group reiterated a “buy” rating and issued a $78.00 price objective on shares of J P Morgan Chase & Co in a report on Thursday, November 3rd. Jefferies Group lifted their price objective on shares of J P Morgan Chase & Co from $67.00 to $77.00 and gave the company a “buy” rating in a report on Monday, October 10th. Finally, Vetr downgraded shares of J P Morgan Chase & Co from a “hold” rating to a “sell” rating and set a $71.84 price objective on the stock. in a report on Monday, November 14th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $75.71.

Analyst Recommendations for J P Morgan Chase & Co (NYSE:JPM)

J P Morgan Chase & Co (NYSE:JPM) traded up 0.07% during trading on Wednesday, reaching $86.49. 2,744,210 shares of the company traded hands. The company’s 50-day moving average is $84.28 and its 200 day moving average is $71.07. The company has a market cap of $309.44 billion, a PE ratio of 14.92 and a beta of 1.54. J P Morgan Chase & Co has a 12 month low of $52.50 and a 12 month high of $87.76.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.19. J P Morgan Chase & Co had a net margin of 22.92% and a return on equity of 10.47%. The company had revenue of $25.50 billion for the quarter. During the same quarter last year, the business earned $1.54 earnings per share. J P Morgan Chase & Co’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts anticipate that J P Morgan Chase & Co will post $5.91 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Wednesday, January 4th. J P Morgan Chase & Co’s payout ratio is presently 33.10%.

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In other J P Morgan Chase & Co news, CFO Marianne Lake sold 14,083 shares of the stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $67.26, for a total transaction of $947,222.58. Following the transaction, the chief financial officer now directly owns 16,581 shares in the company, valued at approximately $1,115,238.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mary E. Erdoes sold 25,542 shares of the stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $67.26, for a total value of $1,717,954.92. Following the transaction, the chief executive officer now owns 291,080 shares in the company, valued at $19,578,040.80. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Hall Laurie J Trustee acquired a new position in J P Morgan Chase & Co during the fourth quarter worth about $995,000. Lederer & Associates Investment Counsel CA acquired a new position in J P Morgan Chase & Co during the fourth quarter worth about $2,049,000. ELCO Management Co. LLC acquired a new position in J P Morgan Chase & Co during the third quarter worth about $808,000. Orbis Allan Gray Ltd boosted its position in J P Morgan Chase & Co by 9.3% in the third quarter. Orbis Allan Gray Ltd now owns 563,967 shares of the financial services provider’s stock worth $37,555,000 after buying an additional 48,015 shares during the last quarter. Finally, Sfmg LLC boosted its position in J P Morgan Chase & Co by 3.8% in the third quarter. Sfmg LLC now owns 8,234 shares of the financial services provider’s stock worth $548,000 after buying an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 72.33% of the company’s stock.

J P Morgan Chase & Co Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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