J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “buy” rating reiterated by Barclays PLC in a report released on Wednesday.

A number of other analysts have also weighed in on JPM. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of J P Morgan Chase & Co in a research note on Tuesday, September 13th. Zacks Investment Research lowered shares of J P Morgan Chase & Co from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. raised their price objective on shares of J P Morgan Chase & Co from $71.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, September 23rd. Keefe, Bruyette & Woods restated an “outperform” rating on shares of J P Morgan Chase & Co in a research note on Tuesday, September 27th. Finally, Nomura restated a “hold” rating and set a $65.00 price objective on shares of J P Morgan Chase & Co in a research note on Thursday, September 29th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $75.39.

Analyst Recommendations for J P Morgan Chase & Co (NYSE:JPM)

Shares of J P Morgan Chase & Co (NYSE:JPM) traded up 0.53% during mid-day trading on Wednesday, hitting $86.70. 28,295,985 shares of the company were exchanged. The company has a 50 day moving average of $84.82 and a 200 day moving average of $71.50. The company has a market capitalization of $310.19 billion, a P/E ratio of 14.96 and a beta of 1.54. J P Morgan Chase & Co has a 52 week low of $52.50 and a 52 week high of $88.17.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings results on Friday, January 13th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.29. J P Morgan Chase & Co had a net margin of 22.92% and a return on equity of 10.47%. The company earned $24.30 billion during the quarter, compared to analysts’ expectations of $23.95 billion. During the same period last year, the company posted $1.68 EPS. J P Morgan Chase & Co’s revenue was up 2.1% on a year-over-year basis. Equities analysts anticipate that J P Morgan Chase & Co will post $5.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Wednesday, January 4th. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 33.10%.

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In related news, CEO Mary E. Erdoes sold 25,542 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 291,080 shares of the company’s stock, valued at $19,578,040.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark O’donovan sold 4,035 shares of the company’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $69.05, for a total transaction of $278,616.75. Following the completion of the sale, the insider now directly owns 6,005 shares of the company’s stock, valued at $414,645.25. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in J P Morgan Chase & Co by 2.1% in the second quarter. Vanguard Group Inc. now owns 229,636,598 shares of the financial services provider’s stock valued at $14,269,618,000 after buying an additional 4,692,609 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in J P Morgan Chase & Co by 2.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 60,516,465 shares of the financial services provider’s stock valued at $3,760,494,000 after buying an additional 1,331,994 shares during the last quarter. BlackRock Fund Advisors raised its stake in J P Morgan Chase & Co by 4.4% in the third quarter. BlackRock Fund Advisors now owns 44,584,406 shares of the financial services provider’s stock valued at $2,968,876,000 after buying an additional 1,887,955 shares during the last quarter. Franklin Resources Inc. raised its stake in J P Morgan Chase & Co by 1.6% in the second quarter. Franklin Resources Inc. now owns 42,729,841 shares of the financial services provider’s stock valued at $2,655,217,000 after buying an additional 668,959 shares during the last quarter. Finally, Dodge & Cox raised its stake in J P Morgan Chase & Co by 5.4% in the second quarter. Dodge & Cox now owns 27,832,599 shares of the financial services provider’s stock valued at $1,729,518,000 after buying an additional 1,415,650 shares during the last quarter. 72.33% of the stock is owned by 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 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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