JPMorgan Chase (NYSE:JPM) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday. They presently have a $123.29 price objective on the financial services provider’s stock. Vetr‘s price objective would suggest a potential upside of 13.02% from the stock’s current price.
A number of other analysts also recently weighed in on the company. Wells Fargo set a $120.00 target price on JPMorgan Chase and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Morgan Stanley lifted their price target on JPMorgan Chase from $128.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Royal Bank of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase in a research note on Friday, December 8th. Barclays lifted their price target on JPMorgan Chase from $105.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Societe Generale cut JPMorgan Chase from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. JPMorgan Chase currently has an average rating of “Hold” and an average target price of $112.58.
NYSE:JPM opened at $109.09 on Thursday. The company has a market capitalization of $380,913.13, a P/E ratio of 15.88, a PEG ratio of 1.87 and a beta of 1.24. JPMorgan Chase has a 1-year low of $81.64 and a 1-year high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.
JPMorgan Chase (NYSE:JPM) last released its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping 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 had a return on equity of 11.63% and a net margin of 21.46%. JPMorgan Chase’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS. equities analysts forecast that JPMorgan Chase will post 8.89 EPS for the current fiscal year.
In other news, insider Ashley Bacon sold 16,434 shares of the business’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 transaction of $1,844,223.48. Following the transaction, the insider now directly owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Peter Scher sold 26,532 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. Insiders have sold 152,047 shares of company stock worth $17,098,115 over the last three months. Insiders own 0.88% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ETRADE Capital Management LLC boosted its position in shares of JPMorgan Chase by 4.2% during the third quarter. ETRADE Capital Management LLC now owns 88,152 shares of the financial services provider’s stock valued at $8,419,000 after purchasing an additional 3,513 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in JPMorgan Chase by 8.4% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 286,186 shares of the financial services provider’s stock worth $27,334,000 after acquiring an additional 22,236 shares in the last quarter. Sei Investments Co. boosted its holdings in JPMorgan Chase by 3.4% in the third quarter. Sei Investments Co. now owns 2,088,914 shares of the financial services provider’s stock worth $199,513,000 after acquiring an additional 68,418 shares in the last quarter. FDx Advisors Inc. boosted its holdings in JPMorgan Chase by 11.3% in the third quarter. FDx Advisors Inc. now owns 136,089 shares of the financial services provider’s stock worth $12,998,000 after acquiring an additional 13,827 shares in the last quarter. Finally, TIAA FSB boosted its holdings in JPMorgan Chase by 1.2% in the third quarter. TIAA FSB now owns 538,539 shares of the financial services provider’s stock worth $51,436,000 after acquiring an additional 6,149 shares in the last quarter. Institutional investors own 74.50% of the company’s stock.
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About JPMorgan Chase
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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