JPMorgan Chase & Co. (NYSE:JPM) was upgraded by investment analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued on Monday. The firm presently has a $98.53 price objective on the financial services provider’s stock. Vetr‘s price objective indicates a potential upside of 9.44% from the stock’s previous close.

JPM has been the topic of a number of other reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 23rd. Daiwa Capital Markets raised shares of JPMorgan Chase & Co. from a “hold” rating to an “outperform” rating in a report on Tuesday, February 7th. Instinet reaffirmed a “hold” rating and issued a $65.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, January 11th. BMO Capital Markets reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, March 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $89.00 target price (up from $88.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, January 17th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. has an average rating of “Hold” and a consensus price target of $79.58.

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

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 0.72% on Monday, reaching $90.03. 14,623,597 shares of the company’s stock were exchanged. The company has a market cap of $320.57 billion, a price-to-earnings ratio of 14.54 and a beta of 1.49. JPMorgan Chase & Co. has a 12 month low of $57.05 and a 12 month high of $93.98. The firm’s 50-day moving average price is $89.56 and its 200 day moving average price is $79.20.

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JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, January 13th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.29. The company had revenue of $24.30 billion for the quarter, compared to analysts’ expectations of $23.48 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 10.91%. JPMorgan Chase & Co.’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 EPS. Equities research analysts predict that JPMorgan Chase & Co. will post $6.56 EPS for the current fiscal year.

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In other news, insider Ashley Bacon sold 12,986 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $84.15, for a total transaction of $1,092,771.90. Following the completion of the sale, the insider now owns 67,670 shares of the company’s stock, valued at approximately $5,694,430.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gordon Smith sold 65,865 shares of the company’s stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $83.67, for a total transaction of $5,510,924.55. Following the sale, the insider now directly owns 237,466 shares of the company’s stock, valued at approximately $19,868,780.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 202,699 shares of company stock valued at $17,009,515. 0.85% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Pacific Center for Financial Services bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $106,000. Northwest Quadrant Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $125,000. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $125,000. Glacier Peak Capital LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $129,000. Finally, Tortoise Investment Management LLC increased its position in shares of JPMorgan Chase & Co. by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock valued at $136,000 after buying an additional 1,283 shares during the last quarter. 73.65% of the stock is owned by institutional investors.

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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

To view Vetr’s full report, visit Vetr’s official website.

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