Nomura Reiterates $115.00 Price Target for JPMorgan Chase & Co. (JPM)

Nomura set a $115.00 price objective on JPMorgan Chase & Co. (NYSE:JPM) in a report released on Friday morning. The firm currently has a neutral rating on the financial services provider’s stock.

JPM has been the subject of several other reports. Keefe, Bruyette & Woods reiterated a hold rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 11th. Deutsche Bank downgraded JPMorgan Chase & Co. from a buy rating to a hold rating and boosted their price objective for the stock from $90.00 to $96.00 in a research report on Tuesday, September 26th. Robert W. Baird reiterated a hold rating and set a $88.00 price objective on shares of JPMorgan Chase & Co. in a research report on Thursday, September 21st. Royal Bank of Canada reiterated a buy rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Finally, Jefferies Group reiterated a buy rating and set a $102.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, September 15th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $102.52.

Shares of JPMorgan Chase & Co. (NYSE JPM) traded up $1.83 during midday trading on Friday, hitting $112.67. The stock had a trading volume of 18,847,100 shares, compared to its average volume of 14,580,000. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $390,930.00, a P/E ratio of 16.16, a PEG ratio of 2.01 and a beta of 1.22. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $112.85.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 earnings per share. equities research analysts forecast that JPMorgan Chase & Co. will post 6.9 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be given a $0.56 dividend. The ex-dividend date is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 1.99%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.14%.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Several large investors have recently made changes to their positions in JPM. Copper Rock Capital Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 314.9% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 5,282 shares of the financial services provider’s stock valued at $456,000 after acquiring an additional 4,009 shares during the last quarter. Independent Portfolio Consultants Inc. lifted its position in shares of JPMorgan Chase & Co. by 0.8% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 36,229 shares of the financial services provider’s stock valued at $3,311,000 after acquiring an additional 290 shares during the last quarter. First PREMIER Bank lifted its position in shares of JPMorgan Chase & Co. by 1.8% during the 2nd quarter. First PREMIER Bank now owns 16,749 shares of the financial services provider’s stock valued at $1,531,000 after acquiring an additional 300 shares during the last quarter. West Oak Capital LLC lifted its position in shares of JPMorgan Chase & Co. by 0.3% during the 2nd quarter. West Oak Capital LLC now owns 28,705 shares of the financial services provider’s stock valued at $2,624,000 after acquiring an additional 95 shares during the last quarter. Finally, Lau Associates LLC lifted its position in shares of JPMorgan Chase & Co. by 51.1% during the 2nd quarter. Lau Associates LLC now owns 17,390 shares of the financial services provider’s stock valued at $1,589,000 after acquiring an additional 5,880 shares during the last quarter. Institutional investors own 73.76% of the company’s stock.

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About JPMorgan Chase & Co.

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.

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

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