JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “market perform” rating reaffirmed by Keefe, Bruyette & Woods in a note issued to investors on Friday, April 14th. They presently have a $47.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential downside of 44.02% from the stock’s previous close.
JPM has been the topic of a number of other reports. Deutsche Bank AG reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 23rd. Vetr upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $84.31 target price on the stock in a research report on Monday, December 26th. Daiwa Capital Markets upgraded JPMorgan Chase & Co. from a “hold” rating to an “outperform” rating in a research report on Tuesday, February 7th. Instinet restated a “hold” rating and set a $65.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 11th. Finally, BMO Capital Markets restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-one have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $80.15.
JPMorgan Chase & Co. (NYSE:JPM) traded up 1.388% on Friday, reaching $85.125. The company had a trading volume of 9,145,442 shares. JPMorgan Chase & Co. has a 12-month low of $57.05 and a 12-month high of $93.98. The stock’s 50-day moving average price is $86.56 and its 200-day moving average price is $85.25. The stock has a market capitalization of $302.39 billion, a P/E ratio of 13.104 and a beta of 1.49. JPMorgan Chase & Co. also was the recipient of unusually large options trading on Wednesday. Stock traders acquired 9,414 put options on the company. This is an increase of approximately 290% compared to the typical volume of 2,411 put options.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Thursday, April 13th. The financial services provider reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.13. The firm had revenue of $25.59 billion during the quarter, compared to analyst estimates of $24.40 billion. JPMorgan Chase & Co. had a return on equity of 10.91% and a net margin of 23.45%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.35 earnings per share. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post $6.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Monday, July 3rd. JPMorgan Chase & Co.’s payout ratio is presently 31.02%.
COPYRIGHT VIOLATION WARNING: This piece was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.com-unik.info/2017/05/19/keefe-bruyette-woods-reaffirms-market-perform-rating-for-jpmorgan-chase-co-jpm-updated-updated-updated.html.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 10,792 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $85.07, for a total value of $918,075.44. Following the sale, the general counsel now owns 63,344 shares of the company’s stock, valued at $5,388,674.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Matthew E. Zames sold 3,405 shares of the company’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $85.06, for a total value of $289,629.30. Following the sale, the chief operating officer now directly owns 329,019 shares in the company, valued at approximately $27,986,356.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,711 shares of company stock worth $1,775,791. Corporate insiders own 0.85% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Pacific Center for Financial Services purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $106,000. Invictus RG purchased a new position in shares of JPMorgan Chase & Co. during the first quarter worth approximately $110,000. TrimTabs Asset Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the first quarter worth approximately $112,000. Northwest Quadrant Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $125,000. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $125,000. Hedge funds and other institutional investors own 73.65% of the company’s stock.
About JPMorgan Chase & Co.
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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
What are top analysts saying about JPMorgan Chase & Co.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for JPMorgan Chase & Co. and related companies.