J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “hold” rating reaffirmed by analysts at Sandler O’Neill in a report released on Wednesday.

Several other analysts have also weighed in on the company. Macquarie reissued a “hold” rating and set a $70.00 price objective on shares of J P Morgan Chase & Co in a report on Wednesday. Instinet reissued a “hold” rating and set a $65.00 price objective on shares of J P Morgan Chase & Co in a report on Wednesday. Goldman Sachs Group, Inc. (The) reissued a “hold” rating and set a $71.00 price objective on shares of J P Morgan Chase & Co in a report on Wednesday. Citigroup Inc. reissued a “hold” rating and set a $65.00 price objective on shares of J P Morgan Chase & Co in a report on Wednesday. Finally, Buckingham Research reissued a “hold” rating and set a $74.00 price objective on shares of J P Morgan Chase & Co in a report on Wednesday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-one have given a buy rating to the company. J P Morgan Chase & Co presently has an average 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 0.1685% on Wednesday, hitting $86.3853. The stock had a trading volume of 18,095,418 shares. J P Morgan Chase & Co has a 52 week low of $52.50 and a 52 week high of $88.17. The company has a market cap of $309.07 billion, a price-to-earnings ratio of 14.9017 and a beta of 1.54. The firm has a 50 day moving average price of $84.76 and a 200-day moving average price of $71.29.

J P Morgan Chase & Co (NYSE:JPM) last announced 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. J P Morgan Chase & Co had a return on equity of 10.47% and a net margin of 22.92%. The company had revenue of $24.30 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same quarter last year, the firm earned $1.68 EPS. J P Morgan Chase & Co’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts anticipate that J P Morgan Chase & Co will post $5.91 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, January 4th. This represents a $1.92 annualized dividend and a yield of 2.23%. J P Morgan Chase & Co’s payout ratio is presently 33.10%.

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In other J P Morgan Chase & Co news, CFO Marianne Lake sold 14,083 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $67.26, for a total value of $947,222.58. Following the sale, the chief financial officer now owns 16,581 shares in the company, valued at $1,115,238.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in JPM. Mark Sheptoff Financial Planning LLC raised its stake in J P Morgan Chase & Co by 15.1% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 1,528 shares of the financial services provider’s stock valued at $102,000 after buying an additional 200 shares in the last quarter. Balentine LLC raised its stake in J P Morgan Chase & Co by 14.4% in the third quarter. Balentine LLC now owns 1,910 shares of the financial services provider’s stock valued at $127,000 after buying an additional 241 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in J P Morgan Chase & Co by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock valued at $125,000 after buying an additional 14 shares in the last quarter. Vigilant Capital Management LLC raised its stake in J P Morgan Chase & Co by 22.1% in the second quarter. Vigilant Capital Management LLC now owns 2,079 shares of the financial services provider’s stock valued at $129,000 after buying an additional 376 shares in the last quarter. Finally, Tradewinds Capital Management LLC raised its stake in J P Morgan Chase & Co by 30.0% in the third quarter. Tradewinds Capital Management LLC now owns 2,173 shares of the financial services provider’s stock valued at $145,000 after buying an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 72.33% 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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