JMP Group LLC (JMP) Earns Hold Rating from Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reissued their hold rating on shares of JMP Group LLC (NYSE:JMP) in a research report released on Friday morning. They currently have a $6.00 target price on the financial services provider’s stock.
Separately, Zacks Investment Research raised shares of JMP Group from a sell rating to a hold rating in a report on Tuesday, August 15th.
Shares of JMP Group (NYSE:JMP) traded up $0.07 on Friday, hitting $5.47. 25,710 shares of the stock were exchanged, compared to its average volume of 26,050. The stock has a market capitalization of $116.73, a price-to-earnings ratio of 31.76, a PEG ratio of 1.69 and a beta of 0.92. The company has a quick ratio of 5.62, a current ratio of 5.62 and a debt-to-equity ratio of 7.03. JMP Group has a 12-month low of $5.20 and a 12-month high of $7.70.
JMP Group (NYSE:JMP) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. The firm had revenue of $32.03 million for the quarter, compared to analyst estimates of $29.90 million. JMP Group had a negative net margin of 11.87% and a positive return on equity of 2.83%. equities research analysts forecast that JMP Group will post 0.32 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a dividend of $0.03 per share. The ex-dividend date is Monday, October 30th. This represents a $0.36 dividend on an annualized basis and a yield of 6.58%. JMP Group’s dividend payout ratio is presently -57.14%.
A hedge fund recently raised its stake in JMP Group stock. Essex Investment Management Co. LLC grew its position in JMP Group LLC (NYSE:JMP) by 149.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,695 shares of the financial services provider’s stock after acquiring an additional 29,158 shares during the period. Essex Investment Management Co. LLC owned about 0.23% of JMP Group worth $274,000 at the end of the most recent quarter. 13.14% of the stock is owned by institutional investors.
JMP Group Company Profile
JMP Group LLC, formerly JMP Group, Inc, is a full-service investment banking and asset management firm. The Company operates in five segments: Broker-Dealer, Asset Management, Corporate Credit, Investment Income and Corporate Costs. The Broker-Dealer segment includes a range of services, such as underwriting and acting as a placement agent for public and private capital markets raising transactions and financial advisory services in mergers and acquisitions, restructuring and other strategic transactions.
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