J P Morgan Chase & Co (NYSE:JPM) had its target price hoisted by analysts at Robert W. Baird from $88.00 to $92.00 in a note issued to investors on Friday. The firm currently has a “neutral” rating on the financial services provider’s stock. Robert W. Baird’s price objective would indicate a potential downside of 4.16% from the company’s current price.

Several other research analysts have also weighed in on the stock. BMO Capital Markets increased their target price on shares of J P Morgan Chase & Co from $86.00 to $91.00 and gave the stock a “market perform” rating in a research note on Friday. Jefferies Group LLC set a $111.00 target price on shares of J P Morgan Chase & Co and gave the stock a “buy” rating in a research note on Friday. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of J P Morgan Chase & Co in a research note on Thursday. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of J P Morgan Chase & Co in a research note on Wednesday. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $110.00 target price (up previously from $103.00) on shares of J P Morgan Chase & Co in a research note on Monday. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $91.07.

J P Morgan Chase & Co (NYSE:JPM) traded up 0.15% during trading on Friday, hitting $96.13. 6,070,458 shares of the company were exchanged. J P Morgan Chase & Co has a 12 month low of $66.74 and a 12 month high of $97.64. The stock’s 50-day moving average is $93.35 and its 200-day moving average is $89.70. The company has a market capitalization of $338.23 billion, a price-to-earnings ratio of 14.18 and a beta of 1.18.

J P Morgan Chase & Co (NYSE:JPM) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion during the quarter, compared to analyst estimates of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. J P Morgan Chase & Co’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 earnings per share. Equities research analysts anticipate that J P Morgan Chase & Co will post $6.79 earnings per share for the current year.

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In other news, General Counsel Stacey Friedman sold 9,968 shares of J P Morgan Chase & Co stock in a transaction on Monday, August 21st. The shares were sold at an average price of $90.55, for a total value of $902,602.40. Following the transaction, the general counsel now directly owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co 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 directly owns 3,783 shares in the company, valued at $345,350.07. The disclosure for this sale can be found here. Insiders sold a total of 28,564 shares of company stock worth $2,605,334 over the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Several institutional investors have recently made changes to their positions in JPM. Janus Henderson Group PLC increased its holdings in shares of J P Morgan Chase & Co by 517.3% in the 2nd quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock valued at $507,632,000 after acquiring an additional 4,654,113 shares during the period. Alliancebernstein L.P. increased its holdings in shares of J P Morgan Chase & Co by 29.2% in the 2nd quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock valued at $1,595,542,000 after acquiring an additional 3,945,948 shares during the period. Vanguard Group Inc. increased its holdings in shares of 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 acquiring an additional 3,717,683 shares during the period. Parametric Portfolio Associates LLC increased its holdings in shares of J P Morgan Chase & Co by 40.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock valued at $892,886,000 after acquiring an additional 2,828,726 shares during the period. Finally, Harbour Capital Advisors LLC increased its holdings in shares of J P Morgan Chase & Co by 8,767.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,794,464 shares of the financial services provider’s stock valued at $30,574,000 after acquiring an additional 2,762,950 shares during the period. 77.89% of the stock is currently owned by institutional investors and hedge funds.

About J P Morgan Chase & Co

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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