J P Morgan Chase & Co (JPM) Given Hold Rating at Robert W. Baird
Robert W. Baird reaffirmed their hold rating on shares of J P Morgan Chase & Co (NYSE:JPM) in a research report report published on Thursday morning. They currently have a $88.00 target price on the financial services provider’s stock.
Several other brokerages also recently commented on JPM. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and set a $93.00 target price on shares of J P Morgan Chase & Co in a report on Thursday, July 6th. Wells Fargo & Company assumed coverage on shares of J P Morgan Chase & Co in a report on Wednesday, August 9th. They set an outperform rating and a $110.00 target price for the company. Buckingham Research reaffirmed a neutral rating and set a $100.00 target price (up previously from $94.00) on shares of J P Morgan Chase & Co in a report on Monday, July 10th. Berenberg Bank set a $65.00 target price on shares of J P Morgan Chase & Co and gave the stock a sell rating in a report on Thursday, August 3rd. Finally, BidaskClub raised shares of J P Morgan Chase & Co from a hold rating to a buy rating in a report on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have issued a buy rating to the company. J P Morgan Chase & Co has a consensus rating of Hold and a consensus price target of $86.36.
J P Morgan Chase & Co (JPM) traded down 0.416% on Thursday, reaching $94.635. 5,034,470 shares of the company’s stock were exchanged. The firm has a market cap of $332.97 billion, a PE ratio of 13.960 and a beta of 1.19. J P Morgan Chase & Co has a 12 month low of $65.11 and a 12 month high of $95.22. The firm’s 50-day moving average is $91.65 and its 200-day moving average is $89.00.
J P Morgan Chase & Co (NYSE:JPM) last announced its earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.59 by $0.23. The business had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. J P Morgan Chase & Co’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 EPS. On average, equities analysts forecast that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.36%. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, October 5th. J P Morgan Chase & Co’s payout ratio is presently 29.59%.
In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the sale, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 9,968 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $90.55, for a total transaction of $902,602.40. Following the sale, the general counsel now directly owns 10,527 shares in the company, valued at $953,219.85. The disclosure for this sale can be found here. Insiders have sold a total of 28,564 shares of company stock worth $2,605,334 over the last three months. Insiders own 0.88% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Private Vista LLC bought a new stake in J P Morgan Chase & Co during the 2nd quarter worth approximately $102,000. Pacific Center for Financial Services grew its holdings in J P Morgan Chase & Co by 14.5% during the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 177 shares during the last quarter. Atlantic Trust LLC bought a new stake in J P Morgan Chase & Co during the 2nd quarter worth approximately $136,000. Horrell Capital Management Inc. grew its holdings in J P Morgan Chase & Co by 5.0% during the 1st quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 78 shares during the last quarter. Finally, Ullmann Financial Group Inc. bought a new stake in J P Morgan Chase & Co during the 1st quarter worth approximately $148,000. 77.90% of the stock is currently owned by hedge funds and other institutional investors.
J P Morgan 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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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