JPMorgan Chase & Co. (NYSE:JPM) Receives Average Recommendation of “Buy” from Analysts

Shares of JPMorgan Chase & Co. (NYSE:JPM) have received a consensus rating of “Buy” from the twenty-six brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $110.20.

A number of research analysts recently issued reports on JPM shares. Goldman Sachs Group upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Friday, July 24th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price objective for the company in a research report on Thursday, July 9th. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Atlantic Securities upgraded JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 price target on the stock in a research note on Wednesday, July 22nd. Finally, Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 price objective on the stock in a research note on Wednesday, May 20th.

In related news, CEO Mary E. Erdoes sold 24,554 shares of the company’s stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total transaction of $2,443,614.08. Corporate insiders own 0.78% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. NuWave Investment Management LLC bought a new stake in JPMorgan Chase & Co. during the 2nd quarter worth approximately $30,000. Lion Street Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $37,000. Horan Securities Inc. bought a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $45,000. Sailer Financial LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $50,000. Finally, Efficient Wealth Management LLC purchased a new position in JPMorgan Chase & Co. in the first quarter valued at about $51,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

NYSE:JPM traded down $0.38 during trading hours on Tuesday, reaching $96.64. The company had a trading volume of 14,539,496 shares, compared to its average volume of 18,575,464. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a market cap of $294.46 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 3.24 and a beta of 1.19. The business’s 50 day moving average price is $96.77 and its 200-day moving average price is $105.48. JPMorgan Chase & Co. has a 1-year low of $76.91 and a 1-year high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.04. The firm had revenue of $32.98 billion during the quarter, compared to analysts’ expectations of $30.23 billion. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.82 earnings per share. On average, analysts expect that JPMorgan Chase & Co. will post 5.96 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were issued a $0.90 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.73%. JPMorgan Chase & Co.’s payout ratio is 34.35%.

JPMorgan Chase & Co. Company Profile

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.

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

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