J P Morgan Chase & Co (JPM) Earns Hold Rating from Oppenheimer Holdings, Inc.
J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “hold” rating reissued by equities research analysts at Oppenheimer Holdings, Inc. in a research note issued to investors on Thursday.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded 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 J P Morgan Chase & Co from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Credit Suisse Group increased their price target on J P Morgan Chase & Co from $102.00 to $103.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Keefe, Bruyette & Woods set a $96.00 price target on J P Morgan Chase & Co and gave the stock a “hold” rating in a report on Saturday, August 19th. Finally, Vetr upgraded 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 analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $88.87.
J P Morgan Chase & Co (JPM) traded down 0.7513% during midday trading on Thursday, hitting $96.1124. The stock had a trading volume of 13,266,598 shares. The stock has a market capitalization of $338.17 billion, a price-to-earnings ratio of 14.1780 and a beta of 1.18. The company’s 50 day moving average price is $93.22 and its 200-day moving average price is $89.65. J P Morgan Chase & Co has a 52 week low of $66.74 and a 52 week high of $97.64.
J P Morgan Chase & Co (NYSE:JPM) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.66 by $0.10. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The company had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. During the same quarter in the prior year, the company earned $1.58 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities analysts anticipate that J P Morgan Chase & Co will post $6.79 earnings per share for the current fiscal year.
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In other news, CFO Marianne Lake sold 17,596 shares of J P Morgan Chase & Co stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders sold 28,564 shares of company stock worth $2,605,334. Company insiders own 0.88% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in JPM. Private Vista LLC purchased a new position in J P Morgan Chase & Co during the 2nd quarter valued at about $102,000. Pacific Center for Financial Services increased its holdings in J P Morgan Chase & Co by 14.5% during the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 177 shares during the period. Atlantic Trust LLC purchased a new position in J P Morgan Chase & Co during the 2nd quarter valued at about $136,000. Ullmann Financial Group Inc. purchased a new position in J P Morgan Chase & Co during the 1st quarter valued at about $148,000. Finally, Northwest Investment Counselors LLC purchased a new position in J P Morgan Chase & Co during the 2nd quarter valued at about $165,000. Hedge funds and other institutional investors own 77.89% 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.
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