Bank of America Corporation set a $102.00 target price on J P Morgan Chase & Co (NYSE:JPM) in a research report released on Friday. The firm currently has a buy rating on the financial services provider’s stock.

A number of other equities analysts have also commented on the stock. Wells Fargo & Company started coverage on shares of J P Morgan Chase & Co in a report on Wednesday, August 9th. They set an outperform rating and a $110.00 price target on the stock. Vetr upgraded shares of J P Morgan Chase & Co from a hold rating to a buy rating and set a $93.14 price target on the stock in a report on Wednesday, September 6th. Zacks Investment Research upgraded shares of J P Morgan Chase & Co from a hold rating to a buy rating and set a $103.00 price target on the stock in a report on Tuesday, July 18th. Jefferies Group LLC reiterated a buy rating and set a $102.00 price target on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Finally, Oppenheimer Holdings, Inc. reiterated a market perform rating on shares of J P Morgan Chase & Co in a report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $91.24.

J P Morgan Chase & Co (JPM) opened at 97.84 on Friday. J P Morgan Chase & Co has a 52-week low of $66.74 and a 52-week high of $97.95. The company has a market cap of $345.83 billion, a PE ratio of 14.10 and a beta of 1.18. The company has a 50-day moving average of $93.52 and a 200 day moving average of $89.78.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. The firm had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $1.58 earnings per share. Equities research analysts predict that J P Morgan Chase & Co will post $6.88 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be issued a $0.56 dividend. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, October 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.29%. J P Morgan Chase & Co’s dividend payout ratio is presently 32.28%.

In other news, General Counsel Stacey Friedman sold 9,968 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $90.55, for a total value of $902,602.40. Following the transaction, the general counsel now owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.88% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Grand Jean Capital Management Inc. increased its holdings in shares of J P Morgan Chase & Co by 33.3% in the 1st quarter. Grand Jean Capital Management Inc. now owns 26,788 shares of the financial services provider’s stock worth $2,353,000 after buying an additional 6,688 shares during the last quarter. Gradient Investments LLC boosted its stake in shares of J P Morgan Chase & Co by 9.1% in the 2nd quarter. Gradient Investments LLC now owns 75,929 shares of the financial services provider’s stock valued at $6,940,000 after purchasing an additional 6,365 shares in the last quarter. Thomaspartners Inc. boosted its stake in shares of J P Morgan Chase & Co by 2.8% in the 1st quarter. Thomaspartners Inc. now owns 2,572,428 shares of the financial services provider’s stock valued at $225,962,000 after purchasing an additional 70,882 shares in the last quarter. Doyle Wealth Management boosted its stake in shares of J P Morgan Chase & Co by 1.1% in the 2nd quarter. Doyle Wealth Management now owns 175,460 shares of the financial services provider’s stock valued at $16,037,000 after purchasing an additional 1,988 shares in the last quarter. Finally, Manning & Napier Advisors LLC boosted its stake in shares of J P Morgan Chase & Co by 19.3% in the 2nd quarter. Manning & Napier Advisors LLC now owns 389,834 shares of the financial services provider’s stock valued at $35,629,000 after purchasing an additional 63,157 shares in the last quarter. 77.87% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for J P Morgan Chase & Co (NYSE:JPM)

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