J P Morgan Chase & Co (JPM) Given a $120.00 Price Target by Wells Fargo & Company Analysts

J P Morgan Chase & Co (NYSE:JPM) received a $120.00 target price from research analysts at Wells Fargo & Company in a report issued on Wednesday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Wells Fargo & Company’s price target would suggest a potential upside of 13.06% from the stock’s previous close.

JPM has been the subject of a number of other reports. Bank of America set a $102.00 target price on shares of J P Morgan Chase & Co and gave the stock a “buy” rating in a report on Friday, October 13th. Oppenheimer reiterated a “hold” rating on shares of J P Morgan Chase & Co in a report on Thursday, October 12th. Jefferies Group reiterated a “buy” rating and set a $102.00 target price on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Royal Bank of Canada reiterated a “buy” rating on shares of J P Morgan Chase & Co in a report on Friday, December 8th. Finally, Credit Suisse Group restated a “buy” rating and issued a $110.00 price objective (up from $103.00) on shares of J P Morgan Chase & Co in a report on Monday, October 9th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $92.35.

J P Morgan Chase & Co (NYSE:JPM) traded down $0.37 during trading on Wednesday, hitting $106.14. 13,089,983 shares of the stock were exchanged, compared to its average volume of 14,044,127. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $371,121.88, a price-to-earnings ratio of 15.41, a P/E/G ratio of 2.32 and a beta of 1.22. J P Morgan Chase & Co has a one year low of $81.64 and a one year high of $108.40.

J P Morgan Chase & Co (NYSE:JPM) last posted its 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 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 24.08% and a return on equity of 11.68%. J P Morgan Chase & Co’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.58 earnings per share. sell-side analysts anticipate that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. increased its position in shares of J P Morgan Chase & Co by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 12 shares in the last quarter. IPG Investment Advisors LLC grew its position in J P Morgan Chase & Co by 0.3% in the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 17 shares during the period. BSW Wealth Partners grew its position in J P Morgan Chase & Co by 0.5% in the 1st quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 26 shares during the period. Sunbelt Securities Inc. grew its position in J P Morgan Chase & Co by 0.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 26 shares during the period. Finally, Financial Advisory Service Inc. grew its position in J P Morgan Chase & Co by 0.7% in the 1st quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 36 shares during the period. 73.75% of the stock is owned by institutional investors.

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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.