Brokerages Set JPMorgan Chase & Co. (JPM) Price Target at $123.44

JPMorgan Chase & Co. (NYSE:JPM) has received a consensus rating of “Hold” from the twenty-one brokerages that are covering the company, Marketbeat reports. Eleven analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $123.44.

Several research firms recently commented on JPM. Daiwa Capital Markets cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Friday, February 8th. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $116.00 to $118.00 and gave the company a “market perform” rating in a research note on Monday, April 15th. Wells Fargo & Co reiterated an “outperform” rating and set a $130.00 target price (up from $121.00) on shares of JPMorgan Chase & Co. in a research note on Thursday, February 14th. Finally, HSBC set a $102.00 target price on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Thursday, April 4th.

In other news, CEO Douglas B. Petno sold 18,303 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $109.74, for a total value of $2,008,571.22. Following the completion of the transaction, the chief executive officer now owns 259,386 shares in the company, valued at approximately $28,465,019.64. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Stacey Friedman sold 3,710 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $109.75, for a total transaction of $407,172.50. Following the completion of the transaction, the general counsel now owns 23,650 shares of the company’s stock, valued at approximately $2,595,587.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 157,573 shares of company stock valued at $17,293,454. Corporate insiders own 0.76% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of JPM. Court Place Advisors LLC grew its holdings in JPMorgan Chase & Co. by 3.3% during the 3rd quarter. Court Place Advisors LLC now owns 22,702 shares of the financial services provider’s stock worth $2,562,000 after acquiring an additional 720 shares during the last quarter. Norris Perne & French LLP MI grew its holdings in JPMorgan Chase & Co. by 2.3% during the 3rd quarter. Norris Perne & French LLP MI now owns 83,128 shares of the financial services provider’s stock worth $9,380,000 after acquiring an additional 1,874 shares during the last quarter. North Star Asset Management Inc. grew its holdings in JPMorgan Chase & Co. by 6.4% during the 3rd quarter. North Star Asset Management Inc. now owns 15,058 shares of the financial services provider’s stock worth $1,699,000 after acquiring an additional 900 shares during the last quarter. Spectrum Asset Management Inc. NB CA bought a new stake in JPMorgan Chase & Co. during the 3rd quarter worth about $1,610,000. Finally, Braun Stacey Associates Inc. grew its holdings in JPMorgan Chase & Co. by 0.7% during the 3rd quarter. Braun Stacey Associates Inc. now owns 260,510 shares of the financial services provider’s stock worth $29,396,000 after acquiring an additional 1,734 shares during the last quarter. 67.53% of the stock is currently owned by institutional investors and hedge funds.

NYSE:JPM traded up $0.24 during trading hours on Thursday, hitting $110.37. 8,234,375 shares of the company traded hands, compared to its average volume of 12,783,969. The stock has a market cap of $355.99 billion, a P/E ratio of 12.26, a PEG ratio of 1.56 and a beta of 1.18. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $119.24. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 1.00.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.33. The firm had revenue of $29.12 billion during the quarter, compared to analysts’ expectations of $27.95 billion. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. During the same period in the prior year, the company earned $2.37 EPS. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 10.03 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is 35.56%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

See Also: What are the advantages to having securities held in street name?

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.