Royal Bank Of Canada reissued their buy rating on shares of J P Morgan Chase & Co (NYSE:JPM) in a research note released on Wednesday, November 15th. They currently have a $105.00 price target on the financial services provider’s stock.
A number of other equities research analysts also recently weighed in on JPM. Zacks Investment Research raised shares of J P Morgan Chase & Co from a hold rating to a buy rating and set a $103.00 target price on the stock in a research note on Tuesday, July 18th. Oppenheimer reiterated a market perform rating on shares of J P Morgan Chase & Co in a research report on Friday, July 21st. BidaskClub cut shares of J P Morgan Chase & Co from a hold rating to a sell rating in a report on Tuesday, August 1st. Berenberg Bank set a $65.00 price target on J P Morgan Chase & Co and gave the stock a sell rating in a research note on Thursday, August 3rd. Finally, Wells Fargo & Company assumed coverage on J P Morgan Chase & Co in a research note on Wednesday, August 9th. They issued an outperform rating and a $110.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $92.18.
J P Morgan Chase & Co (NYSE:JPM) opened at $104.79 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. J P Morgan Chase & Co has a 1 year low of $80.90 and a 1 year high of $106.66. The stock has a market cap of $362,655.72, a P/E ratio of 15.06, a PEG ratio of 2.27 and a beta of 1.22.
J P Morgan Chase & Co (NYSE:JPM) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The company had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. During the same quarter in the previous year, the company earned $1.58 EPS. J P Morgan Chase & Co’s quarterly revenue was up 2.6% compared to the same quarter last year. equities research analysts forecast that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.
In other news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.88% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC purchased a new position in shares of J P Morgan Chase & Co in the third quarter valued at approximately $102,000. Welch Investments LLC purchased a new position in shares of J P Morgan Chase & Co in the third quarter valued at approximately $103,000. Legacy Advisors LLC purchased a new position in shares of J P Morgan Chase & Co in the third quarter valued at approximately $106,000. Pacific Center for Financial Services lifted its position in shares of J P Morgan Chase & Co by 14.5% in the first quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 177 shares in the last quarter. Finally, Atlantic Trust LLC purchased a new position in shares of J P Morgan Chase & Co in the second quarter valued at approximately $136,000. 73.94% of the stock is currently owned by hedge funds and other institutional investors.
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About J P Morgan 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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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