J P Morgan Chase & Co (NYSE:JPM) had its target price boosted by equities research analysts at BMO Capital Markets from $86.00 to $91.00 in a note issued to investors on Friday. The firm currently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective suggests a potential downside of 5.20% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company initiated coverage on shares of J P Morgan Chase & Co in a report on Wednesday, August 9th. They set an “outperform” rating and a $110.00 target price for the company. Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 target price for the company in a report on Wednesday, September 6th. Zacks Investment Research raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $102.00 target price on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of J P Morgan Chase & Co in a report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $89.34.

J P Morgan Chase & Co (NYSE:JPM) opened at 95.99 on Friday. J P Morgan Chase & Co has a 1-year low of $66.74 and a 1-year high of $97.64. The stock has a market capitalization of $337.74 billion, a price-to-earnings ratio of 14.16 and a beta of 1.18. The company has a 50-day moving average of $93.35 and a 200-day moving average of $89.70.

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 Zacks’ consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The business had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same period in the prior year, the company earned $1.58 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. 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 related news, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stacey Friedman sold 9,968 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $90.55, for a total transaction of $902,602.40. Following the transaction, the general counsel now owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,564 shares of company stock valued at $2,605,334. 0.88% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Private Vista LLC bought a new position in shares of J P Morgan Chase & Co during the second quarter worth $102,000. Pacific Center for Financial Services boosted its position in shares of J P Morgan Chase & Co by 14.5% during the first quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 177 shares during the last quarter. Atlantic Trust LLC bought a new position in shares of J P Morgan Chase & Co during the second quarter worth $136,000. Ullmann Financial Group Inc. bought a new position in shares of J P Morgan Chase & Co during the first quarter worth $148,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of J P Morgan Chase & Co during the second quarter worth $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.

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

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