J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “buy” rating reissued by investment analysts at Royal Bank Of Canada in a report issued on Friday. They currently have a $95.00 price target on the financial services provider’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 4.69% from the stock’s current price.

A number of other equities research analysts also recently issued reports on JPM. UBS AG reissued a “buy” rating and issued a $101.00 price target on shares of J P Morgan Chase & Co in a research note on Monday, May 15th. Instinet reissued a “neutral” rating and issued a $84.00 price target (down from $87.00) on shares of J P Morgan Chase & Co in a research note on Saturday, June 3rd. Berenberg Bank set a $65.00 target price on shares of J P Morgan Chase & Co and gave the stock a “sell” rating in a research note on Thursday, August 3rd. BidaskClub downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Zacks Investment Research downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $85.53.

J P Morgan Chase & Co (NYSE JPM) traded up 0.10% during mid-day trading on Friday, reaching $90.74. 13,040,738 shares of the company were exchanged. J P Morgan Chase & Co has a 1-year low of $65.11 and a 1-year high of $95.22. The company has a market capitalization of $319.27 billion, a price-to-earnings ratio of 13.39 and a beta of 1.19. The company has a 50 day moving average of $92.32 and a 200-day moving average of $88.70.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. The business had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 EPS. On average, equities research analysts forecast that J P Morgan Chase & Co will post $6.81 EPS for the current year.

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In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the company’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the transaction, the insider now owns 3,783 shares in the company, valued at approximately $345,350.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Pacific Center for Financial Services purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $106,000. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $125,000. Tortoise Investment Management LLC increased its position in shares of J P Morgan 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 worth $136,000 after buying an additional 1,283 shares during the last quarter. Horrell Capital Management Inc. increased its position in shares of J P Morgan Chase & Co by 5.0% in the first quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock worth $145,000 after buying an additional 78 shares during the last quarter. Finally, Ullmann Financial Group Inc. purchased a new position in shares of J P Morgan Chase & Co during the first quarter worth approximately $148,000. Institutional investors own 74.84% of the company’s stock.

J P Morgan 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.

Analyst Recommendations for J P Morgan Chase & Co (NYSE:JPM)

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