JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “neutral” rating reiterated by Goldman Sachs Group Inc. in a research report issued to clients and investors on Saturday. They presently have a $71.00 target price on the financial services provider’s stock. Goldman Sachs Group Inc.’s target price suggests a potential upside of 5.15% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. KeyCorp reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 12th. Jefferies Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Sunday, July 10th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Barclays PLC reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Buy” and a consensus price target of $72.35.

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

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

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 14th. The financial services provider reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.19. JPMorgan Chase & Co. had a return on equity of 10.20% and a net margin of 24.47%. The company had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter in the previous year, the business posted $1.54 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts predict that JPMorgan Chase & Co. will post $5.66 earnings per share for the current fiscal year.

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

Several hedge funds have recently made changes to their positions in JPM. Thomaspartners Inc. boosted its stake in shares of JPMorgan Chase & Co. by 2.8% in the first quarter. Thomaspartners Inc. now owns 2,209,051 shares of the financial services provider’s stock valued at $130,820,000 after buying an additional 59,821 shares during the last quarter. Royal Bank of Scotland Group PLC boosted its stake in shares of JPMorgan Chase & Co. by 0.6% in the first quarter. Royal Bank of Scotland Group PLC now owns 533,397 shares of the financial services provider’s stock valued at $31,588,000 after buying an additional 3,010 shares during the last quarter. CIBC World Markets Inc. boosted its stake in shares of JPMorgan Chase & Co. by 4.6% in the second quarter. CIBC World Markets Inc. now owns 602,402 shares of the financial services provider’s stock valued at $37,433,000 after buying an additional 26,543 shares during the last quarter. Aviva PLC boosted its stake in shares of JPMorgan Chase & Co. by 1.4% in the first quarter. Aviva PLC now owns 2,598,743 shares of the financial services provider’s stock valued at $153,898,000 after buying an additional 35,131 shares during the last quarter. Finally, Marathon Asset Management LLP boosted its stake in shares of JPMorgan Chase & Co. by 1.9% in the second quarter. Marathon Asset Management LLP now owns 398,477 shares of the financial services provider’s stock valued at $24,763,000 after buying an additional 7,247 shares during the last quarter. Institutional investors own 73.34% of the company’s stock.

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 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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