JPMorgan Chase & Co. (NYSE:JPM) PT Set at $194.00 by The Goldman Sachs Group

The Goldman Sachs Group set a $194.00 price target on JPMorgan Chase & Co. (NYSE:JPM) in a research report sent to investors on Friday morning, Analyst Price Targets reports.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $166.00 to $184.00 and gave the company an underweight rating in a report on Monday, December 6th. Wells Fargo & Company downgraded JPMorgan Chase & Co. from an overweight rating to an equal weight rating in a report on Friday. Robert W. Baird reaffirmed a hold rating and set a $165.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, December 6th. Royal Bank of Canada set a $175.00 price target on JPMorgan Chase & Co. in a report on Friday. Finally, Berenberg Bank set a $125.00 price target on JPMorgan Chase & Co. in a report on Monday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of $176.47.

Shares of JPM stock opened at $157.89 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $466.61 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 2.82 and a beta of 1.13. The stock has a 50-day moving average of $162.20 and a 200-day moving average of $160.76. JPMorgan Chase & Co. has a one year low of $127.35 and a one year high of $172.96.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, January 14th. The financial services provider reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.35. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The business had revenue of $29.26 billion during the quarter, compared to analysts’ expectations of $29.78 billion. During the same period in the prior year, the business earned $3.79 EPS. JPMorgan Chase & Co.’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 14.98 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 31st. Investors of record on Thursday, January 6th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, January 5th. JPMorgan Chase & Co.’s payout ratio is currently 25.30%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Prime Capital Investment Advisors LLC grew its position in JPMorgan Chase & Co. by 24.4% in the second quarter. Prime Capital Investment Advisors LLC now owns 58,153 shares of the financial services provider’s stock valued at $9,045,000 after acquiring an additional 11,392 shares during the last quarter. Black Swift Group LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at about $7,136,000. Burns J W & Co. Inc. NY boosted its stake in shares of JPMorgan Chase & Co. by 2.7% during the third quarter. Burns J W & Co. Inc. NY now owns 81,409 shares of the financial services provider’s stock valued at $13,326,000 after purchasing an additional 2,159 shares in the last quarter. Unified Trust Company N.A. boosted its stake in shares of JPMorgan Chase & Co. by 6.4% during the second quarter. Unified Trust Company N.A. now owns 45,069 shares of the financial services provider’s stock valued at $7,010,000 after purchasing an additional 2,711 shares in the last quarter. Finally, Ausdal Financial Partners Inc. boosted its stake in shares of JPMorgan Chase & Co. by 6.2% during the third quarter. Ausdal Financial Partners Inc. now owns 12,801 shares of the financial services provider’s stock valued at $2,095,000 after purchasing an additional 747 shares in the last quarter. Institutional investors own 69.32% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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