J P Morgan Chase & Co (JPM) Receives “Buy” Rating from Royal Bank Of Canada
Royal Bank Of Canada reissued their buy rating on shares of J P Morgan Chase & Co (NYSE:JPM) in a report issued on Wednesday morning. Royal Bank Of Canada currently has a $105.00 price objective on the financial services provider’s stock.
A number of other analysts have also recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of J P Morgan Chase & Co from $110.00 to $115.00 and gave the company an outperform rating in a report on Friday, October 27th. Vetr upgraded shares of J P Morgan Chase & Co from a hold rating to a buy rating and set a $93.14 target price for the company in a research note on Wednesday, September 6th. Jefferies Group LLC reiterated a buy rating and issued a $102.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Zacks Investment Research upgraded shares of J P Morgan Chase & Co from a hold rating to a buy rating and set a $103.00 target price for the company in a research note on Tuesday, July 18th. Finally, Oppenheimer Holdings, Inc. reiterated a market perform rating on shares of J P Morgan Chase & Co in a research note on Friday, July 21st. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the company. J P Morgan Chase & Co currently has a consensus rating of Hold and an average price target of $92.18.
J P Morgan Chase & Co (NYSE JPM) traded up $0.28 during trading hours on Wednesday, hitting $98.47. 9,777,497 shares of the stock were exchanged, compared to its average volume of 13,958,197. J P Morgan Chase & Co has a twelve month low of $77.29 and a twelve month high of $102.42. The company has a market cap of $341,660.00, a PE ratio of 14.02, a P/E/G ratio of 2.11 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37.
J P Morgan Chase & Co (NYSE:JPM) last released its quarterly 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. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The business had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. During the same period last year, the business earned $1.58 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. equities analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Thursday, October 5th. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s payout ratio is presently 32.14%.
In related news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the sale, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.88% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Private Vista LLC acquired a new stake in J P Morgan Chase & Co during the 2nd quarter worth $102,000. Kohmann Bosshard Financial Services LLC acquired a new stake in J P Morgan Chase & Co during the 3rd quarter worth $102,000. Welch Investments LLC acquired a new stake in J P Morgan Chase & Co during the 3rd quarter worth $103,000. Legacy Advisors LLC acquired a new stake in J P Morgan Chase & Co during the 3rd quarter worth $106,000. Finally, Pacific Center for Financial Services boosted its stake in J P Morgan Chase & Co by 14.5% during the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 177 shares during the last quarter. 78.97% of the stock is currently owned by institutional investors.
J P Morgan Chase & Co Company Profile
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.
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