J P Morgan Chase & Co (NYSE:JPM) had its price objective boosted by investment analysts at Bank of America Corporation from $99.00 to $102.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the financial services provider’s stock. Bank of America Corporation’s target price would indicate a potential upside of 6.26% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods reissued a “hold” rating on shares of J P Morgan Chase & Co in a research report on Wednesday. Deutsche Bank AG downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating and increased their price target for the stock from $90.00 to $96.00 in a research report on Tuesday, September 26th. Robert W. Baird reissued a “hold” rating and set a $88.00 price target on shares of J P Morgan Chase & Co in a research report on Thursday, September 21st. Zacks Investment Research downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, BidaskClub raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have assigned a buy rating to the stock. J P Morgan Chase & Co currently has an average rating of “Hold” and an average target price of $91.07.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded up 0.141% during mid-day trading on Friday, hitting $96.125. The stock had a trading volume of 6,069,257 shares. J P Morgan Chase & Co has a 52 week low of $66.74 and a 52 week high of $97.64. The stock has a market capitalization of $338.21 billion, a P/E ratio of 14.180 and a beta of 1.18. The stock 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 posted its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.67 by $0.09. 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 the consensus estimate of $24.91 billion. During the same quarter in the prior year, the business earned $1.58 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts predict 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 dated Monday, August 21st. The stock was sold at an average price of $90.55, for a total value of $902,602.40. Following the completion of the transaction, the general counsel now directly owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,564 shares of company stock valued at $2,605,334. 0.88% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of JPM. Janus Henderson Group PLC raised its position 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 worth $507,632,000 after acquiring an additional 4,654,113 shares in the last quarter. Alliancebernstein L.P. raised its position 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 worth $1,595,542,000 after acquiring an additional 3,945,948 shares in the last quarter. Vanguard Group Inc. raised its position 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 worth $22,839,729,000 after acquiring an additional 3,717,683 shares in the last quarter. Parametric Portfolio Associates LLC raised its position 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 worth $892,886,000 after acquiring an additional 2,828,726 shares in the last quarter. Finally, Harbour Capital Advisors LLC raised its position 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 worth $30,574,000 after acquiring an additional 2,762,950 shares in the last quarter. 77.89% of the stock is owned by hedge funds and other institutional investors.

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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