JPMorgan Chase & Co. (JPM) Given Market Perform Rating at Keefe, Bruyette & Woods

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.

Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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%.

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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.

5 Day Chart for NYSE:JPM

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