JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “buy” rating reaffirmed by equities research analysts at Vining Sparks in a research note issued to investors on Friday. They currently have a $125.00 target price on the financial services provider’s stock. Vining Sparks’ price target would indicate a potential upside of 16.88% from the stock’s previous close.
The analysts wrote, ““Strong Buy” We believe that JPM’s current P/ TBV multiple of 197% should expand towards 215% over the next 12 months, as investors incorporate the 4 percentage point year-over- year improvement in ROTCE into its valuation. Thus, JPM ’s meaningful return of capital coupled with these high returns make it a strong value investment at this entry point. Moreover, JPM has a strong valuation floor around 200% of TBV given its dividend yield and higher quality business mix which makes its current return-to- risk ratio exceed 2X.””
JPM has been the subject of a number of other reports. DZ Bank raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Citigroup lifted their target price on JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, September 26th. Keefe, Bruyette & Woods reissued a “$111.53” rating and issued a $127.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 18th. UBS Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Finally, Credit Suisse Group set a $130.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Thursday, July 12th. Eleven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and a consensus target price of $121.99.
JPM stock traded down $1.18 during midday trading on Friday, reaching $106.95. 32,056,443 shares of the company’s stock traded hands, compared to its average volume of 14,428,490. JPMorgan Chase & Co. has a 1-year low of $94.96 and a 1-year high of $119.33. The stock has a market capitalization of $387.26 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 1.85 and a beta of 1.17. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 13th. The financial services provider reported $2.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.22 by $0.07. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. The firm had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.62 billion. On average, equities analysts expect that JPMorgan Chase & Co. will post 9.17 earnings per share for the current fiscal year.
In related news, CEO Gordon Smith sold 30,725 shares of JPMorgan Chase & Co. stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total transaction of $3,502,957.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in JPM. Keeler Thomas Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $112,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $102,000. Welch Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $103,000. O Brien Wealth Partners LLC increased its position in shares of JPMorgan Chase & Co. by 1,120.9% in the third quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 1,020 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $119,000. 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.
Further Reading: Diversification For Individual Investors
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.