J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Group LLC in a note issued to investors on Friday. They presently have a $102.00 price target on the financial services provider’s stock. Jefferies Group LLC’s price objective points to a potential upside of 11.33% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $92.00 price target on shares of J P Morgan Chase & Co in a report on Wednesday, June 7th. Credit Suisse Group upped their price target on shares of J P Morgan Chase & Co from $102.00 to $103.00 and gave the company an “outperform” rating in a report on Friday, July 14th. Zacks Investment Research raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Tuesday, July 18th. BidaskClub lowered shares of J P Morgan Chase & Co from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target on the stock in a report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have given a buy rating to the company’s stock. J P Morgan Chase & Co presently has a consensus rating of “Hold” and a consensus price target of $85.84.

J P Morgan Chase & Co (JPM) traded up 0.71% during trading on Friday, hitting $91.62. The stock had a trading volume of 18,171,794 shares. The company’s 50 day moving average is $91.54 and its 200 day moving average is $89.03. The firm has a market cap of $322.36 billion, a PE ratio of 13.52 and a beta of 1.19. J P Morgan Chase & Co has a 52-week low of $65.11 and a 52-week high of $95.22.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. The firm had revenue of $25.50 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.55 earnings per share. Equities research analysts forecast that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

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In related news, CFO Marianne Lake sold 17,596 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicole Giles sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the transaction, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The disclosure for this sale can be found here. Insiders have sold a total of 28,564 shares of company stock valued at $2,605,334 in the last ninety days. 0.88% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in J P Morgan Chase & Co by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after buying an additional 3,717,683 shares during the period. State Street Corp boosted its position in J P Morgan Chase & Co by 0.8% in the 1st quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after buying an additional 1,357,194 shares during the period. FMR LLC boosted its position in J P Morgan Chase & Co by 19.4% in the 4th quarter. FMR LLC now owns 96,587,143 shares of the financial services provider’s stock valued at $8,334,505,000 after buying an additional 15,715,835 shares during the period. Wellington Management Group LLP boosted its position in J P Morgan Chase & Co by 4.4% in the 1st quarter. Wellington Management Group LLP now owns 69,735,097 shares of the financial services provider’s stock valued at $4,129,713,000 after buying an additional 2,936,653 shares during the period. Finally, Northern Trust Corp boosted its position in J P Morgan Chase & Co by 1.8% in the 2nd quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock valued at $4,475,468,000 after buying an additional 847,463 shares during the period. 78.02% of the stock is owned by hedge funds and other institutional investors.

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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