Credit Suisse Group upgraded shares of JPMorgan Chase & Co. (NYSE:JPM) to a buy rating in a research report report published on Friday. The firm currently has $120.00 price target on the financial services provider’s stock.
Several other brokerages have also recently issued reports on JPM. Barclays increased their target price on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an overweight rating in a report on Tuesday, January 2nd. Wells Fargo & Co set a $120.00 target price on shares of JPMorgan Chase & Co. and gave the stock a buy rating in a report on Wednesday, December 20th. Buckingham Research upgraded shares of JPMorgan Chase & Co. from a neutral rating to a buy rating in a report on Thursday, December 21st. Royal Bank of Canada reiterated a buy rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Finally, Keefe, Bruyette & Woods restated a hold rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have issued a buy rating to the stock. JPMorgan Chase & Co. has a consensus rating of Hold and an average target price of $93.63.
JPMorgan Chase & Co. (JPM) opened at $108.50 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $110.03. The stock has a market cap of $376,470.00, a PE ratio of 15.57, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.14%.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were 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 approximately $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.88% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC grew its stake in shares of JPMorgan Chase & Co. by 517.3% during the 2nd quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after purchasing an additional 4,654,113 shares during the period. Stifel Financial Corp grew its stake in shares of JPMorgan Chase & Co. by 9,301.6% during the 3rd quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock worth $415,662,000 after purchasing an additional 4,305,449 shares during the period. Alliancebernstein L.P. grew its stake in shares of JPMorgan Chase & Co. by 29.2% during the 2nd quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after purchasing an additional 3,945,948 shares during the period. Vanguard Group Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after purchasing an additional 3,717,683 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in shares of JPMorgan Chase & Co. by 40.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock worth $892,886,000 after purchasing an additional 2,828,726 shares during the period. 73.76% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: “JPMorgan Chase & Co. (JPM) Upgraded to “Buy” at Credit Suisse Group” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.com-unik.info/2018/01/09/jpmorgan-chase-co-jpm-upgraded-to-buy-at-credit-suisse-group.html.
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.
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.