JPMorgan Chase & Co. (JPM) PT Raised to $115.00
JPMorgan Chase & Co. (NYSE:JPM) had its target price upped by investment analysts at Wells Fargo & Company from $110.00 to $115.00 in a note issued to investors on Friday. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Wells Fargo & Company’s price objective points to a potential upside of 13.03% from the stock’s current price.
Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Tuesday, July 18th. Bank of America Corporation restated a “buy” rating and set a $99.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 17th. BidaskClub upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Deutsche Bank AG restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Monday, July 3rd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $95.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, August 18th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $91.83.
JPMorgan Chase & Co. (NYSE:JPM) traded up 0.03% during mid-day trading on Friday, reaching $101.77. 9,818,408 shares of the company traded hands. JPMorgan Chase & Co. has a 12-month low of $67.64 and a 12-month high of $102.23. The company’s 50 day moving average price is $95.16 and its 200 day moving average price is $90.44. The firm has a market capitalization of $359.73 billion, a P/E ratio of 14.66 and a beta of 1.18.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly 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. The firm had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. JPMorgan Chase & Co. had a return on equity of 10.81% and a net margin of 26.58%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post $6.90 EPS for the current year.
In related news, General Counsel Stacey Friedman sold 9,968 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 completion of the transaction, the general counsel now directly owns 10,527 shares in the company, valued at $953,219.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in JPM. Private Vista LLC purchased a new position in JPMorgan Chase & Co. during the second quarter valued at approximately $102,000. Kohmann Bosshard Financial Services LLC purchased a new position in JPMorgan Chase & Co. during the third quarter valued at approximately $102,000. Pacific Center for Financial Services raised its position in JPMorgan 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 valued at $123,000 after acquiring an additional 177 shares in the last quarter. Atlantic Trust LLC purchased a new position in JPMorgan Chase & Co. during the second quarter valued at approximately $136,000. Finally, Ullmann Financial Group Inc. purchased a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $148,000. Institutional investors own 77.87% of the company’s stock.
JPMorgan 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.
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