JPMorgan Chase & Co. (NYSE:JPM) PT set at $184.00 by Credit Suisse Group


Credit Suisse Group has set a price target of $184.00 per JPMorgan Chase & Co. (NYSE:JPM) in a research report released Thursday morning, Borsen Zeitung reports.

Several other research analysts also weighed in on JPM. Keefe, Bruyette & Woods cut their price target on JPMorgan Chase & Co. shares from $166.00 to $157.00 and set a market performance rating on the stock in a Monday research note January 17. Citigroup lowered its price target on JPMorgan Chase & Co. shares from $188.00 to $175.00 and set a neutral rating on the stock in a Tuesday, Jan. 18 research note. Societe Generale downgraded shares of JPMorgan Chase & Co. from a buy rating to a hold rating in a Wednesday, Jan. 5 research note. Goldman Sachs Group set a price target of $194.00 on JPMorgan Chase & Co. shares in a Friday, January 14 research note. Finally, Jefferies Financial Group downgraded shares of JPMorgan Chase & Co. from a buy rating to a hold rating and lowered its price target for the company from $180.00 to $155.00 in a note. research on Monday, February 14. One analyst gave the stock a sell rating, eleven gave the stock a hold rating and seven gave the stock a buy rating. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average Hold rating 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 company has a market capitalization of $374.23 billion, a price-earnings ratio of 8.29, a PEG ratio of 2.38 and a beta of 1.11. The company has a debt ratio of 1.16, a current ratio of 0.83 and a quick ratio of 0.83.

JPMorgan Chase & Co. (NYSE:JPMGet a rating) last released its quarterly earnings data on Wednesday, April 13. The financial services provider reported earnings per share of $2.63 for the quarter, missing the consensus estimate of $2.70 per ($0.07). JPMorgan Chase & Co. achieved a return on equity of 19.01% and a net margin of 38.00%. The company posted revenue of $30.72 billion for the quarter, versus a consensus estimate of $30.53 billion. During the same period of the previous year, the company achieved EPS of $4.50. The company’s revenue decreased by 4.8% compared to the same quarter last year. As a group, analysts predict JPMorgan Chase & Co. will post EPS of 11.06 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, April 30. Investors of record on Wednesday, April 6 will receive a dividend of $1.00. The ex-dividend date is Tuesday, April 5. This represents a dividend of $4.00 on an annualized basis and a yield of 3.14%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 26.06%.

A number of institutional investors have recently increased or reduced their stake in the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. increased its position in JPMorgan Chase & Co. shares by 100.0% during the third quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 160 shares of the financial services provider worth $26,000 after purchasing an additional 80 shares during the period. Lowe Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 230.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 165 shares of the financial services provider worth $26,000 after acquiring 115 additional shares in the last quarter. Carroll Investors Inc bought a new position in JPMorgan Chase & Co. during Q4 worth $30,000. MFA Wealth Advisors LLC bought a new position in JPMorgan Chase & Co. during Q3 worth $32,000. Finally, Carolina Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. shares by 176.5% during the 4th quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider 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 shares.

JPMorgan Chase & Co. Company Profile (Get a rating)

JPMorgan Chase & Co operates as a worldwide financial services company. 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 consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

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Analyst Recommendations for JPMorgan Chase & Co. (NYSE: JPM)



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