J P Morgan Chase & Co (NYSE:JPM) had its price objective boosted by analysts at Nomura from $87.00 to $91.00 in a report issued on Friday. The firm currently has a “neutral” rating on the financial services provider’s stock. Nomura’s price objective suggests a potential downside of 5.20% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company began coverage on J P Morgan Chase & Co in a research note on Wednesday, August 9th. They set an “outperform” rating and a $110.00 target price for the company. Vetr upgraded 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 research note on Wednesday, September 6th. Zacks Investment Research upgraded 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 research note on Tuesday, July 18th. Jefferies Group LLC reiterated a “buy” rating and set a $102.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of J P Morgan Chase & Co in a research note on Friday, July 21st. Three investment 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 company presently has a consensus rating of “Hold” and an average price target of $91.07.

Shares of J P Morgan Chase & Co (NYSE:JPM) traded up 0.141% during mid-day trading on Friday, reaching $96.125. 6,069,257 shares of the company traded hands. The firm’s 50 day moving average price is $93.35 and its 200-day moving average price is $89.70. J P Morgan Chase & Co has a 52-week low of $66.74 and a 52-week high of $97.64. The company has a market capitalization of $338.21 billion, a P/E ratio of 14.180 and a beta of 1.18.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results 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 firm had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. J P Morgan Chase & Co’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.58 EPS. Equities analysts predict 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 stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 9,968 shares of the 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 completion of 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. Insiders have sold 28,564 shares of company stock valued at $2,605,334 in the last ninety days. Company insiders own 0.88% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Grand Jean Capital Management Inc. boosted its position in shares of 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 purchasing an additional 6,688 shares during the period. Gradient Investments LLC boosted its position in shares of 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 purchasing an additional 6,365 shares during the period. Thomaspartners Inc. boosted its position in shares of 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 purchasing an additional 70,882 shares during the period. Doyle Wealth Management boosted its position in shares of 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 purchasing an additional 1,988 shares during the period. Finally, Manning & Napier Advisors LLC boosted its position in shares of 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 purchasing an additional 63,157 shares during the period. Institutional investors and hedge funds 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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