JPMorgan Chase & Co. (NYSE:JPM) had its price objective lifted by research analysts at Morgan Stanley from $128.00 to $133.00 in a note issued to investors on Friday. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 16.38% from the company’s previous close.
A number of other research firms have also recently issued reports on JPM. ValuEngine raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a report on Thursday, January 18th. Argus raised their price target on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Vining Sparks reaffirmed a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, January 12th. Finally, Bank of America set a $119.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Monday, January 15th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $106.90.
JPMorgan Chase & Co. (NYSE:JPM) traded down $2.59 during midday trading on Friday, hitting $114.28. 16,301,339 shares of the company’s stock were exchanged, compared to its average volume of 13,470,000. The stock has a market capitalization of $396,520.00, a PE ratio of 17.91, a P/E/G ratio of 1.98 and a beta of 1.22. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $117.35. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.
In related news, insider Peter Scher sold 26,532 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $113.42, for a total transaction of $3,009,259.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mary E. Erdoes sold 65,101 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the sale, the chief executive officer now owns 479,882 shares in the company, valued at approximately $53,866,754.50. The disclosure for this sale can be found here. Insiders sold 152,047 shares of company stock worth $17,098,115 in the last quarter. Company insiders own 0.88% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Private Vista LLC purchased a new position in JPMorgan Chase & Co. during the second quarter valued at $102,000. Kohmann Bosshard Financial Services LLC purchased a new position in JPMorgan Chase & Co. during the third quarter valued at $102,000. Welch Investments LLC purchased a new position in JPMorgan Chase & Co. during the third quarter valued at $103,000. Legacy Advisors LLC purchased a new position in JPMorgan Chase & Co. during the third quarter valued at $106,000. Finally, Cerebellum GP LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $119,000. Institutional investors own 73.85% of the company’s stock.
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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.
