Several other research analysts have also weighed in on JPM. Keefe, Bruyette & Woods reduced their price objective on shares of JPMorgan Chase & Co. from $166.00 to $157.00 and set a market perform rating on the stock in a research note on Monday, January 17th. Citigroup cut their price target on shares of JPMorgan Chase & Co. from $188.00 to $175.00 and set a neutral rating on the stock in a research note on Tuesday, January 18th. Societe Generale lowered shares of JPMorgan Chase & Co. from a buy rating to a hold rating in a research note on Wednesday, January 5th. The Goldman Sachs Group set a $194.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, January 14th. Finally, Jefferies Financial Group lowered shares of JPMorgan Chase & Co. from a buy rating to a hold rating and cut their price target for the company from $180.00 to $155.00 in a research note on Monday, February 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of Hold and an average target price of $164.67.
JPMorgan Chase & Co. stock opened at $127.30 on Thursday. The company’s 50 day simple moving average is $141.17 and its 200 day simple moving average is $154.80. JPMorgan Chase & Co. has a fifty-two week low of $126.01 and a fifty-two week high of $172.96. The firm has a market capitalization of $374.23 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 2.38 and a beta of 1.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.83 and a quick ratio of 0.83.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 30th. Investors of record on Wednesday, April 6th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, April 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.14%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 26.06%.
A number of institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. grew its position in shares of JPMorgan Chase & Co. by 100.0% during the 3rd quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 160 shares of the financial services provider’s stock worth $26,000 after buying an additional 80 shares during the period. Lowe Wealth Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 230.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 165 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 115 shares during the last quarter. Carroll Investors Inc purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $30,000. MFA Wealth Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 3rd quarter worth $32,000. Finally, Carolina Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 176.5% during the 4th quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 69.39% of the company’s stock.
JPMorgan Chase & Co. Company Profile (Get Rating)
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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.
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