JPMorgan Chase & Co. (NYSE:JPM) was upgraded by Edward Jones from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
A number of other research analysts also recently issued reports on JPM. Royal Bank of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, December 8th. Wells Fargo set a $120.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Wednesday, December 20th. Buckingham Research upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Barclays boosted their price objective on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Credit Suisse Group upgraded JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday, January 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $112.14.
JPMorgan Chase & Co. stock opened at $107.01 on Thursday. The stock has a market capitalization of $377,343.88, a P/E ratio of 16.99, a P/E/G ratio of 1.86 and a beta of 1.18. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.01 and a current ratio of 1.01. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $119.33.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data 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. The company had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.71 EPS. research analysts predict that JPMorgan Chase & Co. will post 8.89 earnings per share for the current year.
In other news, Director James S. Crown acquired 7,280 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were acquired at an average cost of $113.37 per share, with a total value of $825,333.60. Following the acquisition, the director now directly owns 305,875 shares of the company’s stock, valued at $34,677,048.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ashley Bacon sold 16,434 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,844,223.48. Following the sale, the insider now directly owns 98,811 shares in the company, valued at $11,088,570.42. The disclosure for this sale can be found here. Insiders have sold a total of 152,047 shares of company stock worth $17,098,115 over the last ninety days. Insiders own 0.88% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Private Vista LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at $102,000. Welch Investments LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at $103,000. Financial Gravity Companies Inc. purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $104,000. Finally, Legacy Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at $106,000. 74.47% of the stock is currently owned by institutional investors and hedge funds.
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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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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