JPMorgan Chase & Co. (JPM) PT Raised to $133.00

JPMorgan Chase & Co. (NYSE:JPM) had its price target lifted by Morgan Stanley from $128.00 to $133.00 in a report published on Friday. Morgan Stanley currently has an overweight rating on the financial services provider’s stock.

Several other brokerages also recently weighed in on JPM. ValuEngine raised shares of JPMorgan Chase & Co. from a hold rating to a buy rating in a research report on Friday. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a hold rating to a buy rating and set a $126.00 price target for the company in a research report on Thursday, January 18th. Argus raised their price target on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a buy rating in a research report on Friday, January 12th. Vining Sparks reissued a buy rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 12th. Finally, Bank of America set a $119.00 price target on shares of JPMorgan Chase & Co. and gave the company a buy rating in a research report on Monday, January 15th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $106.90.

Shares of JPMorgan Chase & Co. (JPM) opened at $108.80 on Friday. The firm has a market cap of $396,520.25, a P/E ratio of 16.35, a P/E/G ratio of 1.94 and a beta of 1.23. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $117.35.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.71 earnings per share. research analysts forecast that JPMorgan Chase & Co. will post 8.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.

In other news, insider Ashley Bacon sold 16,434 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the transaction, the insider now owns 98,811 shares in the company, valued at approximately $11,088,570.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James S. Crown purchased 7,280 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were acquired at an average price of $113.37 per share, for a total transaction of $825,333.60. Following the purchase, the director now directly owns 305,875 shares in the company, valued at $34,677,048.75. The disclosure for this purchase can be found here. Insiders have sold a total of 152,047 shares of company stock worth $17,098,115 in the last quarter. Corporate insiders own 0.88% of the company’s stock.

Several institutional investors have recently modified their holdings of JPM. Private Vista LLC purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $102,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $102,000. Welch Investments LLC purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $103,000. Legacy Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $106,000. Finally, Cerebellum GP LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $119,000. Institutional investors and hedge funds own 73.82% 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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