JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “neutral” rating reaffirmed by equities researchers at Macquarie in a report released on Monday. They currently have a $70.00 target price on the financial services provider’s stock. Macquarie’s price target points to a potential upside of 3.40% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Jefferies Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Sunday, July 10th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Barclays PLC reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Finally, Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Sunday, July 17th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have assigned a buy rating to the stock. JPMorgan Chase & Co. has a consensus rating of “Buy” and a consensus price target of $72.38.

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

JPMorgan Chase & Co. (NYSE:JPM) opened at 67.70 on Monday. The firm has a market capitalization of $244.50 billion, a PE ratio of 11.47 and a beta of 1.54. The stock’s 50 day moving average price is $67.08 and its 200 day moving average price is $64.19. JPMorgan Chase & Co. has a 12 month low of $52.50 and a 12 month high of $69.06.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.19. The company had revenue of $25.50 billion for the quarter. JPMorgan Chase & Co. had a return on equity of 10.47% and a net margin of 22.92%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.54 earnings per share. Equities research analysts expect that JPMorgan Chase & Co. will post $5.66 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 6th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, October 4th. JPMorgan Chase & Co.’s payout ratio is 33.10%.

In other news, CEO Mary E. Erdoes sold 25,542 shares of the stock in a transaction on Monday, October 17th. The shares were sold at an average price of $67.26, for a total value of $1,717,954.92. Following the transaction, the chief executive officer now owns 291,080 shares of the company’s stock, valued at approximately $19,578,040.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Marianne Lake sold 14,083 shares of the stock in a transaction on Monday, October 17th. The stock was sold at an average price of $67.26, for a total transaction of $947,222.58. Following the completion of the transaction, the chief financial officer now directly owns 16,581 shares in the company, valued at approximately $1,115,238.06. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC bought a new position in shares of JPMorgan Chase & Co. during the first quarter worth approximately $107,000. Jackson Grant Investment Advisers Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock worth $125,000 after buying an additional 14 shares during the period. Vigilant Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 22.1% in the second quarter. Vigilant Capital Management LLC now owns 2,079 shares of the financial services provider’s stock worth $129,000 after buying an additional 376 shares during the period. Perkins Coie Trust Co boosted its stake in shares of JPMorgan Chase & Co. by 10.2% in the second quarter. Perkins Coie Trust Co now owns 2,163 shares of the financial services provider’s stock worth $134,000 after buying an additional 200 shares during the period. Finally, CT Financial Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 4.2% in the third quarter. CT Financial Advisors LLC now owns 2,187 shares of the financial services provider’s stock worth $146,000 after buying an additional 89 shares during the period. 73.41% of the stock is currently owned by hedge funds and other institutional investors.

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

Receive News & Stock Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related stocks with our FREE daily email newsletter.