JPMorgan Chase & Co. (JPM) Given New $132.00 Price Target at Barclays

JPMorgan Chase & Co. (NYSE:JPM) had its price target boosted by Barclays from $105.00 to $132.00 in a report released on Tuesday, MarketBeat reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Several other research analysts have also recently commented on JPM. Wells Fargo & Co set a $120.00 target price on JPMorgan Chase & Co. and gave the stock a buy rating in a research report on Wednesday, December 20th. Buckingham Research raised JPMorgan Chase & Co. from a neutral rating to a buy rating in a research report on Thursday, December 21st. Royal Bank of Canada reaffirmed a buy rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Keefe, Bruyette & Woods reaffirmed a hold rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 11th. Finally, Citigroup raised their target price on JPMorgan Chase & Co. from $90.00 to $96.00 and gave the stock a neutral rating in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $93.63.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $108.34 on Tuesday. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $110.03. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $378,338.91, a P/E ratio of 15.61, a PEG ratio of 2.06 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.09. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The company had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same period in the prior year, the business earned $1.58 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 2.6% compared to the same quarter last year. sell-side analysts anticipate that JPMorgan Chase & Co. will post 6.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.07%. JPMorgan Chase & Co.’s payout ratio is presently 32.28%.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of JPM. Private Vista LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at $102,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $102,000. Welch Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $103,000. Legacy Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $106,000. Finally, Atlantic Trust LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at $136,000. 73.75% of the stock is owned by institutional investors.

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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.

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

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