JPMorgan Chase & Co. (NYSE:JPM) had its target price boosted by BMO Capital Markets from $110.00 to $111.00 in a report published on Wednesday morning. They currently have a market perform rating on the financial services provider’s stock.
Other research analysts have also issued research reports about the company. Nomura boosted their price target on JPMorgan Chase & Co. from $113.00 to $117.00 and gave the stock a neutral rating in a research report on Wednesday. Buckingham Research raised JPMorgan Chase & Co. from a neutral rating to a buy rating in a research report on Thursday, December 21st. Vetr raised JPMorgan Chase & Co. from a strong sell rating to a sell rating and set a $102.07 price target on the stock in a research report on Tuesday, February 6th. Argus boosted their price target on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a buy rating in a research report on Friday, January 12th. Finally, Keefe, Bruyette & Woods raised JPMorgan Chase & Co. from a market perform rating to an outperform rating and set a $127.00 target price on the stock in a report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $110.58.
JPMorgan Chase & Co. (NYSE:JPM) opened at $115.50 on Wednesday. The firm has a market capitalization of $400,750.00, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 2.00 and a beta of 1.22. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $119.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were paid a $0.56 dividend. The ex-dividend date was Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 1.94%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.61%.
In related news, General Counsel Stacey Friedman sold 17,729 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total value of $1,991,498.57. Following the completion of the sale, the general counsel now directly owns 21,260 shares in the company, valued at approximately $2,388,135.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mary E. Erdoes sold 65,101 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total value of $7,307,587.25. Following the completion of the sale, the chief executive officer now owns 479,882 shares of the company’s stock, valued at $53,866,754.50. The disclosure for this sale can be found here. Insiders sold a total of 152,047 shares of company stock valued at $17,098,115 over the last 90 days. 0.88% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Gravity Companies Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $104,000. Keeler Thomas Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $112,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $102,000. Welch Investments LLC bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $103,000. Finally, Cerebellum GP LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $119,000. Institutional investors and hedge funds own 73.02% of the company’s stock.
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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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