JPMorgan Chase & Co. (NYSE:JPM) had its target price increased by stock analysts at Morgan Stanley from $133.00 to $136.00 in a research note issued on Wednesday. The firm presently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 17.62% from the company’s current price.
Other research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods raised JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price target for the company in a report on Tuesday, February 13th. Buckingham Research raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Thursday, December 21st. Nomura set a $115.00 price objective on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Friday, January 12th. Vetr raised JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 price objective for the company in a report on Tuesday, February 6th. Finally, Argus boosted their price objective on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $108.83.
JPMorgan Chase & Co. (JPM) traded up $0.92 during trading on Wednesday, hitting $115.63. The company had a trading volume of 1,877,613 shares, compared to its average volume of 16,135,461. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $117.35. The company has a market capitalization of $401,000.00, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The business had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the previous year, the business posted $1.71 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. equities analysts predict that JPMorgan Chase & Co. will post 8.78 EPS for the current fiscal year.
In other news, General Counsel Stacey Friedman sold 17,729 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the sale, the general counsel now owns 21,260 shares in the company, valued at approximately $2,388,135.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James S. Crown acquired 7,280 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were bought at an average price of $113.37 per share, for a total transaction of $825,333.60. Following the purchase, the director now owns 305,875 shares in the company, valued at $34,677,048.75. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 152,047 shares of company stock worth $17,098,115. Company insiders own 0.88% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Vista LLC acquired a new stake in JPMorgan Chase & Co. in the second quarter valued at about $102,000. Kohmann Bosshard Financial Services LLC acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at about $102,000. Welch Investments LLC acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at about $103,000. Financial Gravity Companies Inc. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $104,000. Finally, Legacy Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at about $106,000. 73.02% of the stock is currently owned by institutional investors.
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JPMorgan Chase & Co. Company Profile
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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