JPMorgan Chase & Co. (JPM) Given New $132.00 Price Target at Credit Suisse Group

JPMorgan Chase & Co. (NYSE:JPM) had its price target raised by investment analysts at Credit Suisse Group from $128.00 to $132.00 in a note issued to investors on Monday, BenzingaRatingsTable reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 20.35% from the stock’s previous close.

Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. BMO Capital Markets boosted their price target on shares of JPMorgan Chase & Co. from $116.00 to $118.00 and gave the stock a “market perform” rating in a research note on Monday. Barclays reiterated a “buy” rating and set a $140.00 price target on shares of JPMorgan Chase & Co. in a research note on Thursday, February 21st. Atlantic Securities lowered shares of JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note on Wednesday, December 19th. Finally, Morgan Stanley cut their price target on shares of JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $123.05.

NYSE JPM traded down $1.53 during trading hours on Monday, reaching $109.68. The company had a trading volume of 896,554 shares, compared to its average volume of 14,678,310. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.24. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $381.67 billion, a P/E ratio of 12.19, a PEG ratio of 1.65 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a net margin of 24.71% and a return on equity of 14.07%. The company had revenue of $29.12 billion for the quarter, compared to analysts’ expectations of $27.95 billion. During the same quarter in the prior year, the company posted $2.37 earnings per share. As a group, analysts anticipate that JPMorgan Chase & Co. will post 9.68 EPS for the current year.

In related news, insider Peter Scher sold 18,679 shares of the company’s stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $105.00, for a total transaction of $1,961,295.00. Following the sale, the insider now directly owns 23,471 shares in the company, valued at $2,464,455. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James S. Crown bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The shares were purchased at an average price of $103.79 per share, for a total transaction of $518,950.00. Following the completion of the purchase, the director now directly owns 311,447 shares of the company’s stock, valued at approximately $32,325,084.13. The disclosure for this purchase can be found here. Insiders have sold 39,191 shares of company stock worth $4,102,110 over the last 90 days. Insiders own 0.73% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in JPM. Ropes Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 0.7% in the first quarter. Ropes Wealth Advisors LLC now owns 99,004 shares of the financial services provider’s stock valued at $10,022,000 after purchasing an additional 650 shares during the last quarter. Salem Capital Management Inc. increased its stake in JPMorgan Chase & Co. by 21.0% in the first quarter. Salem Capital Management Inc. now owns 29,789 shares of the financial services provider’s stock valued at $3,016,000 after purchasing an additional 5,175 shares during the last quarter. WP Advisors LLC increased its stake in JPMorgan Chase & Co. by 8.5% in the first quarter. WP Advisors LLC now owns 4,067 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 318 shares during the last quarter. American Asset Management Inc. increased its stake in JPMorgan Chase & Co. by 1.0% in the first quarter. American Asset Management Inc. now owns 10,066 shares of the financial services provider’s stock valued at $1,019,000 after purchasing an additional 100 shares during the last quarter. Finally, CMH Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 3.3% in the first quarter. CMH Wealth Management LLC now owns 25,883 shares of the financial services provider’s stock valued at $2,620,000 after purchasing an additional 820 shares during the last quarter. Hedge funds and other institutional investors own 69.88% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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