JPMorgan Chase & Co. (JPM) Given a $130.00 Price Target at Goldman Sachs Group

JPMorgan Chase & Co. (NYSE:JPM) has been given a $130.00 price objective by Goldman Sachs Group in a report issued on Friday. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group’s price objective suggests a potential upside of 21.55% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, September 26th. Wolfe Research assumed coverage on shares of JPMorgan Chase & Co. in a report on Tuesday, September 25th. They set an “outperform” rating on the stock. Bank of America increased their target price on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a “buy” rating in a report on Monday, September 17th. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, September 17th. Finally, DZ Bank upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Buy” and a consensus price target of $121.99.

Shares of NYSE JPM traded down $1.18 during mid-day trading on Friday, reaching $106.95. The company had a trading volume of 32,048,399 shares, compared to its average volume of 14,428,502. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. The stock has a market cap of $387.26 billion, a PE ratio of 15.57, a PEG ratio of 1.85 and a beta of 1.17. JPMorgan Chase & Co. has a 52 week low of $94.96 and a 52 week high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. The firm had revenue of $27.26 billion for the quarter, compared to analysts’ expectations of $27.20 billion. During the same period in the prior year, the business posted $1.76 earnings per share. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 9.17 earnings per share for the current year.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 30,725 shares of the stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $114.01, for a total transaction of $3,502,957.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. Arthur M. Cohen & Associates LLC raised its position in shares of JPMorgan Chase & Co. by 6.7% in the 2nd quarter. Arthur M. Cohen & Associates LLC now owns 7,018 shares of the financial services provider’s stock valued at $732,000 after purchasing an additional 440 shares during the last quarter. Torch Wealth Management LLC raised its position in JPMorgan Chase & Co. by 1.7% during the 2nd quarter. Torch Wealth Management LLC now owns 27,374 shares of the financial services provider’s stock worth $2,852,000 after buying an additional 451 shares during the last quarter. Wells Trecaso Financial Group LLC raised its position in JPMorgan Chase & Co. by 0.8% during the 2nd quarter. Wells Trecaso Financial Group LLC now owns 59,884 shares of the financial services provider’s stock worth $6,240,000 after buying an additional 452 shares during the last quarter. Morse Asset Management Inc raised its position in JPMorgan Chase & Co. by 6.2% during the 2nd quarter. Morse Asset Management Inc now owns 7,785 shares of the financial services provider’s stock worth $811,000 after buying an additional 455 shares during the last quarter. Finally, SevenBridge Financial Group LLC raised its position in JPMorgan Chase & Co. by 1.4% during the 1st quarter. SevenBridge Financial Group LLC now owns 32,749 shares of the financial services provider’s stock worth $3,517,000 after buying an additional 459 shares during the last quarter. 70.56% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Read More: Initial Public Offering (IPO)

Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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