JPMorgan Chase & Co. (NYSE:JPM) Given New $125.00 Price Target at Jefferies Financial Group

JPMorgan Chase & Co. (NYSE:JPM) had its price target reduced by Jefferies Financial Group from $141.00 to $125.00 in a research note issued to investors on Friday, The Fly reports. Jefferies Financial Group also issued estimates for JPMorgan Chase & Co.’s Q4 2023 earnings at $3.05 EPS.

A number of other analysts have also recently commented on the stock. Oppenheimer upgraded shares of JPMorgan Chase & Co. from a market perform rating to an outperform rating and set a $167.00 target price for the company in a research note on Tuesday, May 3rd. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a sell rating to a hold rating and set a $147.00 price target for the company in a research report on Monday, March 21st. BMO Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $154.00 to $150.00 and set a hold rating for the company in a research report on Thursday, April 14th. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, March 31st. They set a hold rating for the company. Finally, Credit Suisse Group set a $184.00 price target on shares of JPMorgan Chase & Co. in a research report on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $163.00.

JPM stock traded up $1.05 during trading on Friday, reaching $119.09. The company had a trading volume of 10,443,203 shares, compared to its average volume of 14,563,485. The firm has a 50-day simple moving average of $130.58 and a 200-day simple moving average of $148.15. The company has a market cap of $349.77 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 2.12 and a beta of 1.12. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.82. JPMorgan Chase & Co. has a twelve month low of $115.37 and a twelve month high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its earnings results on Wednesday, April 13th. The financial services provider reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.10). The company had revenue of $30.72 billion during the quarter, compared to analyst estimates of $30.53 billion. JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the business earned $4.50 earnings per share. Sell-side analysts expect that JPMorgan Chase & Co. will post 11.14 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Saturday, April 30th. Investors of record on Wednesday, April 6th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.36%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.67%.

In related news, CEO Jennifer Piepszak sold 4,668 shares of the company’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $126.19, for a total transaction of $589,054.92. Following the completion of the transaction, the chief executive officer now owns 11,135 shares in the company, valued at approximately $1,405,125.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 21,012 shares of the stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the completion of the sale, the insider now owns 178,588 shares of the company’s stock, valued at approximately $23,223,583.52. The disclosure for this sale can be found here. 0.79% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. raised its holdings in JPMorgan Chase & Co. by 100.0% in the 3rd quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 160 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 80 shares during the last quarter. Lowe Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 230.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 165 shares of the financial services provider’s stock valued at $26,000 after buying an additional 115 shares during the period. Dravo Bay LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $26,000. Carroll Investors Inc purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $30,000. Finally, MFA Wealth Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at approximately $32,000. Institutional investors own 70.35% of the company’s stock.

About JPMorgan Chase & Co. (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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