S&P Equity Research upgraded shares of JPMorgan Chase & Co. (NYSE:JPM) to a strong-buy rating in a research report sent to investors on Thursday morning, Analyst Ratings.Net reports.
JPMorgan Chase & Co. (NYSE:JPM) traded down 2.00% on Thursday, hitting $51.743. 13,687,663 shares of the company’s stock traded hands. JPMorgan Chase & Co. has a 52 week low of $38.83 and a 52 week high of $56.93. The stock’s 50-day moving average is $52.96 and its 200-day moving average is $51.90. The company has a market cap of $195.0 billion and a price-to-earnings ratio of 8.83. JPMorgan Chase & Co. also saw some unusual options trading on Friday. Investors bought 30,604 put options on the company. This represents an increase of approximately 133% compared to the typical volume of 13,117 put options.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, October 2nd.
A number of other firms have also recently commented on JPM. Analysts at TheStreet reiterated a buy rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research note to investors on Tuesday, September 3rd. Separately, analysts at Zacks reiterated a neutral rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research note to investors on Thursday, August 29th. They now have a $52.50 price target on the stock. Finally, analysts at Rafferty Capital Markets downgraded shares of JPMorgan Chase & Co. (NYSE:JPM) to a hold rating in a research note to investors on Monday, August 26th.
One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $58.69.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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