JPMorgan Chase & Co. (JPM) Upgraded to Outperform by Keefe, Bruyette & Woods
Keefe, Bruyette & Woods upgraded shares of JPMorgan Chase & Co. (NYSE:JPM) from a market perform rating to an outperform rating in a research note published on Tuesday morning, Marketbeat reports. The firm currently has $127.00 price target on the financial services provider’s stock.
A number of other analysts have also issued reports on the company. Wells Fargo & Co increased their target price on JPMorgan Chase & Co. from $110.00 to $115.00 and gave the company an outperform rating in a report on Friday, October 27th. Royal Bank of Canada restated a buy rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Barclays increased their target price on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an overweight rating in a report on Tuesday, January 2nd. Societe Generale lowered JPMorgan Chase & Co. from a buy rating to a hold rating in a report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded JPMorgan Chase & Co. from a hold rating to a buy rating and set a $126.00 target price for the company in a report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $108.71.
Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $112.43 on Tuesday. The stock has a market capitalization of $390,100.00, a price-to-earnings ratio of 17.62, a PEG ratio of 1.86 and a beta of 1.22. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $117.35. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 35.11%.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,434 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the transaction, the insider now directly owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Scher sold 26,532 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The disclosure for this sale can be found here. Insiders have sold 152,047 shares of company stock worth $17,098,115 over the last three months. Company insiders own 0.88% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Financial Gravity Companies Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $104,000. Keeler Thomas Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $112,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $102,000. Welch Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $103,000. Finally, Cerebellum GP LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $119,000. 73.66% of the stock is currently owned by hedge funds and other institutional investors.
JPMorgan 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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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