J P Morgan Chase & Co (NYSE:JPM) had its target price increased by Credit Suisse Group from $102.00 to $103.00 in a report published on Friday, July 14th, MarketBeat Ratings reports. Credit Suisse Group currently has an outperform rating on the financial services provider’s stock.
JPM has been the topic of a number of other research reports. Rafferty Capital Markets reissued a buy rating and set a $97.00 price objective (up previously from $96.00) on shares of J P Morgan Chase & Co in a report on Tuesday, March 21st. Barclays PLC reissued an overweight rating and set a $100.00 price objective on shares of J P Morgan Chase & Co in a report on Monday, March 20th. Vetr raised shares of J P Morgan Chase & Co from a buy rating to a strong-buy rating and set a $97.82 price objective on the stock in a report on Tuesday, April 4th. Deutsche Bank AG reaffirmed a buy rating on shares of J P Morgan Chase & Co in a report on Monday, July 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a market perform rating and issued a $47.00 price target on shares of J P Morgan Chase & Co in a report on Friday, April 14th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $85.53.
J P Morgan Chase & Co (JPM) opened at 91.42 on Friday. J P Morgan Chase & Co has a 52 week low of $65.11 and a 52 week high of $95.22. The company has a 50-day moving average of $91.87 and a 200-day moving average of $88.50. The stock has a market capitalization of $321.66 billion, a price-to-earnings ratio of 13.49 and a beta of 1.19.
J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The firm had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 earnings per share. Analysts anticipate that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: This piece was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.com-unik.info/2017/08/12/j-p-morgan-chase-co-jpm-given-new-103-00-price-target-at-credit-suisse-group-updated-updated-updated.html.
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 6th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Monday, July 3rd. J P Morgan Chase & Co’s payout ratio is 29.59%.
In related news, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the sale, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of JPM. Vanguard Group Inc. increased its position in J P Morgan Chase & Co by 1.5% in the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after buying an additional 3,717,683 shares during the period. State Street Corp increased its position in J P Morgan Chase & Co by 0.8% in the first quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock worth $14,979,775,000 after buying an additional 1,357,194 shares during the period. FMR LLC increased its position in J P Morgan Chase & Co by 19.4% in the fourth quarter. FMR LLC now owns 96,587,143 shares of the financial services provider’s stock worth $8,334,505,000 after buying an additional 15,715,835 shares during the period. Northern Trust Corp increased its position in J P Morgan Chase & Co by 1.8% in the second quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock worth $4,475,468,000 after buying an additional 847,463 shares during the period. Finally, Norges Bank bought a new position in J P Morgan Chase & Co during the fourth quarter worth approximately $2,897,377,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.
About J P Morgan 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 J P Morgan 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 J P Morgan Chase & Co and related companies.