JPMorgan Chase & Co. (NYSE:JPM) had its price objective upped by equities research analysts at Argus from $109.00 to $125.00 in a report released on Friday, The Fly reports. The firm presently has a “buy” rating on the financial services provider’s stock. Argus’ price target points to a potential upside of 12.78% from the stock’s current price.
Several other equities research analysts also recently issued reports on JPM. Jefferies Group reissued a “buy” rating and issued a $102.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, September 15th. Robert W. Baird reissued a “hold” rating and issued a $88.00 price objective on shares of JPMorgan Chase & Co. in a research note on Thursday, September 21st. Deutsche Bank lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and upped their target price for the stock from $90.00 to $96.00 in a research report on Tuesday, September 26th. Citigroup upped their target price on JPMorgan Chase & Co. from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, October 6th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $110.00 target price (up from $103.00) on shares of JPMorgan Chase & Co. in a research 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, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $101.48.
Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up $0.59 during trading on Friday, reaching $110.84. The company had a trading volume of 13,676,700 shares, compared to its average volume of 13,482,000. The stock has a market cap of $390,930.00, a P/E ratio of 15.90, a P/E/G ratio of 2.04 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $110.93.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.07. The firm had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.71 EPS. research analysts forecast that JPMorgan Chase & Co. will post 6.91 earnings per share for the current year.
In other news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.88% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of JPM. Janus Henderson Group PLC grew its holdings in JPMorgan 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 valued at $507,632,000 after buying an additional 4,654,113 shares during the last quarter. Stifel Financial Corp grew its holdings in JPMorgan Chase & Co. by 9,301.6% in the 3rd quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock valued at $415,662,000 after buying an additional 4,305,449 shares during the last quarter. Alliancebernstein L.P. grew its holdings in JPMorgan 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 valued at $1,595,542,000 after buying an additional 3,945,948 shares during the last quarter. Vanguard Group Inc. grew its holdings in JPMorgan 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 valued at $22,839,729,000 after buying an additional 3,717,683 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in JPMorgan 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 valued at $892,886,000 after buying an additional 2,828,726 shares during the last quarter. 73.76% of the stock is currently owned by institutional investors and hedge funds.
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About JPMorgan 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.