JPMorgan Chase & Co. (NYSE:JPM) had its target price upped by Jefferies Group from $67.00 to $77.00 in a report released on Monday morning. The brokerage currently has a buy rating on the financial services provider’s stock.

Other research analysts have also recently issued reports about the company. BMO Capital Markets reaffirmed a buy rating and set a $74.00 price objective (down from $77.00) on shares of JPMorgan Chase & Co. in a research report on Sunday, July 17th. Credit Suisse Group AG reissued a buy rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Wells Fargo & Co. reissued a buy rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Barclays PLC reissued a buy rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Finally, Oppenheimer Holdings Inc. reissued a hold rating on shares of JPMorgan Chase & Co. in a research note on Sunday, July 17th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $72.25.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at 68.60 on Monday. JPMorgan Chase & Co. has a 1-year low of $52.50 and a 1-year high of $69.06. The stock has a market cap of $247.75 billion, a price-to-earnings ratio of 11.63 and a beta of 1.54. The stock’s 50 day moving average price is $66.80 and its 200-day moving average price is $63.86.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Thursday, July 14th. The financial services provider reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.12. JPMorgan Chase & Co. had a return on equity of 10.20% and a net margin of 24.47%. The firm had revenue of $24.40 billion for the quarter, compared to analysts’ expectations of $23.84 billion. During the same period in the previous year, the firm earned $1.54 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities research analysts forecast that JPMorgan Chase & Co. will post $5.66 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.92 dividend on an annualized basis and a yield of 2.80%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.54%.

In related news, COO Matthew E. Zames sold 3,991 shares of JPMorgan Chase & Co. stock in a transaction on Friday, July 15th. The stock was sold at an average price of $63.91, for a total value of $255,064.81. Following the completion of the transaction, the chief operating officer now directly owns 282,287 shares in the company, valued at $18,040,962.17. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Gordon Smith sold 23,735 shares of JPMorgan Chase & Co. stock in a transaction on Friday, July 15th. The shares were sold at an average price of $64.05, for a total value of $1,520,226.75. Following the completion of the transaction, the executive vice president now owns 152,462 shares of the company’s stock, valued at $9,765,191.10. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. raised its position in JPMorgan Chase & Co. by 7.1% in the first quarter. Raymond James Trust N.A. now owns 253,158 shares of the financial services provider’s stock worth $14,992,000 after buying an additional 16,825 shares during the period. Tompkins Financial Corp increased its stake in shares of JPMorgan Chase & Co. by 3.1% in the first quarter. Tompkins Financial Corp now owns 61,438 shares of the financial services provider’s stock worth $3,639,000 after buying an additional 1,834 shares during the period. Moreno Evelyn V increased its stake in shares of JPMorgan Chase & Co. by 7.0% in the first quarter. Moreno Evelyn V now owns 75,642 shares of the financial services provider’s stock worth $4,480,000 after buying an additional 4,945 shares during the period. Rosenbaum Jay D. increased its stake in shares of JPMorgan Chase & Co. by 10.6% in the first quarter. Rosenbaum Jay D. now owns 15,955 shares of the financial services provider’s stock worth $945,000 after buying an additional 1,530 shares during the period. Finally, Cohen Lawrence B increased its stake in shares of JPMorgan Chase & Co. by 0.6% in the first quarter. Cohen Lawrence B now owns 24,015 shares of the financial services provider’s stock worth $1,422,000 after buying an additional 155 shares during the period. Hedge funds and other institutional investors own 73.34% 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 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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