#jpmorgan #business – JPMorgan Chase & Co. (NYSE:JPM) has been given an average recommendation of “Hold” by the thirty-two brokerages that are currently covering the company. Two analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $77.51.
A number of equities research analysts recently issued reports on the company. FBR & Co reaffirmed an “outperform” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, January 17th. Buckingham Research reaffirmed a “hold” rating and issued a $74.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, January 11th. BMO Capital Markets reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 1st. Citigroup Inc reaffirmed a “hold” rating and issued a $65.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, January 11th. Finally, Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research note on Tuesday, January 10th.
In related news, Director Daniel E. Pinto sold 40,433 shares of the stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $84.15, for a total value of $3,402,436.95. Following the completion of the sale, the director now directly owns 246,591 shares in the company, valued at approximately $20,750,632.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 12,986 shares of the stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $84.15, for a total value of $1,092,771.90. Following the completion of the sale, the insider now owns 67,670 shares of the company’s stock, valued at $5,694,430.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 202,699 shares of company stock valued at $17,009,515. 0.85% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in JPM. Pacific Center for Financial Services purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth $106,000. Northwest Quadrant Wealth Management LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth $125,000. Thomas J. Herzfeld Advisors Inc. purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth $125,000. Glacier Peak Capital LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth $129,000. Finally, Tortoise Investment Management LLC boosted its position in JPMorgan Chase & Co. by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,283 shares during the last quarter. Hedge funds and other institutional investors own 73.65% of the company’s stock.
JPMorgan Chase & Co. (NYSE:JPM) opened at 90.68 on Wednesday. The stock’s 50 day moving average price is $89.56 and its 200 day moving average price is $79.20. JPMorgan Chase & Co. has a 52-week low of $57.05 and a 52-week high of $93.98. The stock has a market capitalization of $322.89 billion, a price-to-earnings ratio of 14.65 and a beta of 1.49.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 13th. The financial services provider reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.29. The business had revenue of $24.30 billion for the quarter, compared to analyst estimates of $23.48 billion. JPMorgan Chase & Co. had a return on equity of 10.91% and a net margin of 23.45%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 EPS. On average, analysts forecast that JPMorgan Chase & Co. will post $6.55 EPS for the current year.
About JPMorgan Chase & Co.
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.