JPMorgan Chase & Co. (JPM) Earns “Neutral” Rating from Goldman Sachs Group Inc.

JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Goldman Sachs Group Inc. in a research note issued on Saturday. They currently have a $71.00 target price on the financial services provider’s stock. Goldman Sachs Group Inc.’s price target would suggest a potential upside of 5.15% from the company’s previous close.

A number of other research firms have also recently commented on JPM. Sandler O’Neill cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a research report on Thursday, October 6th. Vetr raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $68.05 target price for the company in a research report on Tuesday, August 16th. Jefferies Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Sunday, July 17th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 13th. Finally, Macquarie cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $72.00 to $70.00 in a research report on Friday, September 9th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. JPMorgan Chase & Co. has a consensus rating of “Buy” and an average price target of $72.35.

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

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 0.32% on Friday, hitting $67.52. 24,163,776 shares of the stock traded hands. The company has a market cap of $243.85 billion, a PE ratio of 11.44 and a beta of 1.54. The stock has a 50 day moving average of $67.03 and a 200 day moving average of $64.01. JPMorgan Chase & Co. has a one year low of $52.50 and a one year high of $69.06.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.19. JPMorgan Chase & Co. had a net margin of 24.47% and a return on equity of 10.20%. The firm earned $25.50 billion during the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter in the prior year, the company earned $1.54 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post $5.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Tuesday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.54%.

A number of institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the first quarter worth approximately $107,000. Jackson Grant Investment Advisers Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock worth $125,000 after buying an additional 14 shares in the last quarter. Vigilant Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 22.1% in the second quarter. Vigilant Capital Management LLC now owns 2,079 shares of the financial services provider’s stock worth $129,000 after buying an additional 376 shares in the last quarter. Perkins Coie Trust Co boosted its stake in shares of JPMorgan Chase & Co. by 10.2% in the second quarter. Perkins Coie Trust Co now owns 2,163 shares of the financial services provider’s stock worth $134,000 after buying an additional 200 shares in the last quarter. Finally, CT Financial Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 4.2% in the third quarter. CT Financial Advisors LLC now owns 2,187 shares of the financial services provider’s stock worth $146,000 after buying an additional 89 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors.

JPMorgan 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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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