J P Morgan Chase & Co (NYSE:JPM) has been given a $89.00 price objective by investment analysts at Goldman Sachs Group, Inc. (The) in a report released on Wednesday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s target price points to a potential upside of 2.65% from the company’s current price.

Several other analysts have also recently weighed in on the stock. Barclays PLC reaffirmed an “overweight” rating and set a $79.00 price objective on shares of J P Morgan Chase & Co in a research note on Wednesday, October 12th. Buckingham Research reaffirmed a “hold” rating and set a $74.00 price objective on shares of J P Morgan Chase & Co in a research note on Wednesday, January 11th. Compass Point initiated coverage on shares of J P Morgan Chase & Co in a research note on Tuesday, October 11th. They set a “sell” rating on the stock. Zacks Investment Research raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Tuesday, January 10th. Finally, Citigroup Inc. reaffirmed a “hold” rating and set a $65.00 price objective on shares of J P Morgan Chase & Co in a research note on Wednesday, January 11th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have given a buy rating to the stock. J P Morgan Chase & Co presently has an average rating of “Hold” and an average 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 midday trading on Wednesday, reaching $86.70. The company had a trading volume of 28,295,985 shares. The company has a market capitalization of $309.58 billion, a P/E ratio of 14.01 and a beta of 1.54. The firm’s 50 day moving average price is $84.82 and its 200-day moving average price is $71.50. J P Morgan Chase & Co has a 12 month low of $52.50 and a 12 month high of $88.17.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings data on Friday, January 13th. The financial services provider reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.29. The firm had revenue of $24.30 billion for the quarter, compared to analysts’ expectations of $23.48 billion. J P Morgan Chase & Co had a net margin of 22.92% and a return on equity of 10.47%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 earnings per share. Analysts anticipate that J P Morgan Chase & Co will post $5.91 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend 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 31.02%.

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In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of J P Morgan Chase & Co stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $69.03, for a total value of $144,893.97. Following the completion of the sale, the general counsel now owns 4,752 shares in the company, valued at approximately $328,030.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark O’donovan sold 4,035 shares of J P Morgan Chase & Co 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 owns 6,005 shares of the company’s stock, valued at approximately $414,645.25. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of JPM. Cape Cod Five Cents Savings Bank boosted its stake in shares of J P Morgan Chase & Co by 2.8% in the second quarter. Cape Cod Five Cents Savings Bank now owns 136,672 shares of the financial services provider’s stock valued at $8,493,000 after buying an additional 3,714 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of J P Morgan Chase & Co by 4.9% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 511,492 shares of the financial services provider’s stock valued at $31,784,000 after buying an additional 24,000 shares during the last quarter. Pioneer Trust Bank N A OR boosted its position in shares of J P Morgan Chase & Co by 8.3% in the second quarter. Pioneer Trust Bank N A OR now owns 54,094 shares of the financial services provider’s stock valued at $3,361,000 after buying an additional 4,135 shares during the last quarter. Heritage Investors Management Corp boosted its position in shares of J P Morgan Chase & Co by 0.4% in the second quarter. Heritage Investors Management Corp now owns 315,819 shares of the financial services provider’s stock valued at $19,625,000 after buying an additional 1,355 shares during the last quarter. Finally, Heartwood Wealth Management Ltd purchased a new position in shares of J P Morgan Chase & Co during the second quarter valued at approximately $1,613,000. Institutional investors and hedge funds own 72.31% of the company’s stock.

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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