JPMorgan Chase & Co. (NYSE:JPM) had its price target upped by Citigroup from $115.00 to $125.00 in a research note issued to investors on Wednesday. Citigroup currently has a neutral rating on the financial services provider’s stock.

A number of other research firms have also recently commented on JPM. Wolfe Research began coverage on shares of JPMorgan Chase & Co. in a research note on Tuesday. They issued an outperform rating for the company. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a hold rating to a buy rating and set a $127.00 target price for the company in a research note on Friday, September 14th. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a buy rating in a research note on Monday, September 17th. DZ Bank upgraded shares of JPMorgan Chase & Co. from a hold rating to a buy rating in a research note on Thursday, July 19th. Finally, UBS Group upgraded shares of JPMorgan Chase & Co. from a hold rating to a buy rating in a research note on Thursday, July 19th. Eleven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. currently has a consensus rating of Buy and an average price target of $122.13.

JPM stock traded down $0.18 during trading on Wednesday, reaching $114.84. The company had a trading volume of 305,516 shares, compared to its average volume of 10,935,330. The stock has a market capitalization of $399.45 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.90 and a beta of 1.16. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. JPMorgan Chase & Co. has a twelve month low of $94.58 and a twelve month high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, July 13th. The financial services provider reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.07. The company had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.62 billion. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. equities research analysts expect that JPMorgan Chase & Co. will post 9.17 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, October 5th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.79%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. The ex-dividend date is Thursday, October 4th. JPMorgan Chase & Co.’s payout ratio is 32.61%.

In other news, CEO Gordon Smith sold 30,725 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $114.01, for a total transaction of $3,502,957.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of JPM. DE Burlo Group Inc. bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at $12,084,000. The Manufacturers Life Insurance Company boosted its position in shares of JPMorgan Chase & Co. by 1.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 12,593,127 shares of the financial services provider’s stock worth $1,346,709,000 after purchasing an additional 169,061 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of JPMorgan Chase & Co. by 12.5% in the 4th quarter. Toronto Dominion Bank now owns 1,614,438 shares of the financial services provider’s stock worth $172,648,000 after purchasing an additional 179,885 shares during the last quarter. Global Financial Private Capital LLC boosted its position in shares of JPMorgan Chase & Co. by 40.2% in the 4th quarter. Global Financial Private Capital LLC now owns 57,447 shares of the financial services provider’s stock worth $6,143,000 after purchasing an additional 16,485 shares during the last quarter. Finally, BHK Investment Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $341,000. 70.51% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Further Reading: Leveraged Buyout (LBO)

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

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