J P Morgan Chase & Co (NYSE:JPM) had its price target hoisted by research analysts at Morgan Stanley from $99.00 to $107.00 in a research note issued on Friday. The firm currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 11.47% from the company’s current price.

JPM has been the topic of a number of other research reports. Keefe, Bruyette & Woods restated a “hold” rating on shares of J P Morgan Chase & Co in a report on Wednesday. Deutsche Bank AG cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and upped their price objective for the stock from $90.00 to $96.00 in a report on Tuesday, September 26th. Robert W. Baird restated a “hold” rating and issued a $88.00 price objective on shares of J P Morgan Chase & Co in a report on Thursday, September 21st. Zacks Investment Research cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, BidaskClub upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have assigned a buy rating to the stock. J P Morgan Chase & Co presently has an average rating of “Hold” and an average target price of $91.07.

Shares of J P Morgan Chase & Co (JPM) traded up 0.15% during mid-day trading on Friday, hitting $96.13. The stock had a trading volume of 6,070,458 shares. The stock’s 50-day moving average is $93.35 and its 200 day moving average is $89.70. The firm 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 has a 1-year low of $66.74 and a 1-year high of $97.64.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.09. The business had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 earnings per share. Equities research analysts predict that J P Morgan Chase & Co will post $6.79 EPS for the current fiscal year.

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In other news, CFO Marianne Lake sold 17,596 shares of the firm’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 filing with the SEC, which is available through this hyperlink. Also, insider Nicole Giles sold 1,000 shares of the firm’s 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 sale, the insider now owns 3,783 shares in the company, valued at $345,350.07. The disclosure for this sale can be found here. Insiders have sold a total of 28,564 shares of company stock worth $2,605,334 over the last 90 days. Insiders own 0.88% of the company’s stock.

Several hedge funds have recently made changes to their positions in JPM. Grand Jean Capital Management Inc. increased its holdings in J P Morgan Chase & Co by 33.3% in the 1st quarter. Grand Jean Capital Management Inc. now owns 26,788 shares of the financial services provider’s stock valued at $2,353,000 after acquiring an additional 6,688 shares during the last quarter. Gradient Investments LLC increased its holdings in J P Morgan Chase & Co by 9.1% in the 2nd quarter. Gradient Investments LLC now owns 75,929 shares of the financial services provider’s stock valued at $6,940,000 after acquiring an additional 6,365 shares during the last quarter. Thomaspartners Inc. increased its holdings in J P Morgan Chase & Co by 2.8% in the 1st quarter. Thomaspartners Inc. now owns 2,572,428 shares of the financial services provider’s stock valued at $225,962,000 after acquiring an additional 70,882 shares during the last quarter. Doyle Wealth Management increased its holdings in J P Morgan Chase & Co by 1.1% in the 2nd quarter. Doyle Wealth Management now owns 175,460 shares of the financial services provider’s stock valued at $16,037,000 after acquiring an additional 1,988 shares during the last quarter. Finally, Manning & Napier Advisors LLC increased its holdings in J P Morgan Chase & Co by 19.3% in the 2nd quarter. Manning & Napier Advisors LLC now owns 389,834 shares of the financial services provider’s stock valued at $35,629,000 after acquiring an additional 63,157 shares during the last quarter. 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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