Robert W. Baird Upgrades JPMorgan Chase & Co. (NYSE:JPM) to “Neutral”

JPMorgan Chase & Co. (NYSE:JPM) was upgraded by analysts at Robert W. Baird from an “underperform” rating to a “neutral” rating in a note issued to investors on Tuesday, MarketBeat.com reports. The firm presently has a $280.00 price objective on the financial services provider’s stock. Robert W. Baird’s price objective points to a potential downside of 11.75% from the company’s current price.

Several other research firms have also commented on JPM. Daiwa Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $345.00 to $353.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Wall Street Zen raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Sunday, January 18th. Barclays reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 14th. KGI Securities increased their price objective on JPMorgan Chase & Co. from $300.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Finally, Freedom Capital raised JPMorgan Chase & Co. to a “hold” rating in a research report on Wednesday, January 14th. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $336.82.

View Our Latest Analysis on JPM

JPMorgan Chase & Co. Trading Up 0.8%

Shares of NYSE JPM opened at $317.28 on Tuesday. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $337.25. The business has a fifty day moving average price of $315.37 and a 200 day moving average price of $306.79. The stock has a market capitalization of $863.72 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 1.54 and a beta of 1.07. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.85 and a quick ratio of 0.86.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its earnings results on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.93 by $0.30. The company had revenue of $46.77 billion for the quarter, compared to analyst estimates of $45.98 billion. JPMorgan Chase & Co. had a return on equity of 17.16% and a net margin of 20.35%.The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.81 earnings per share. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 8,571 shares of the business’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $312.79, for a total transaction of $2,680,923.09. Following the sale, the chief operating officer owned 71,027 shares in the company, valued at approximately $22,216,535.33. The trade was a 10.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robin Leopold sold 966 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $311.92, for a total value of $301,314.72. Following the completion of the transaction, the insider directly owned 58,479 shares in the company, valued at $18,240,769.68. This represents a 1.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 15,834 shares of company stock worth $4,951,910. 0.47% of the stock is owned by insiders.

Institutional Trading of JPMorgan Chase & Co.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in shares of JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after buying an additional 4,841 shares during the last quarter. Acorns Advisers LLC raised its position in JPMorgan Chase & Co. by 6.9% during the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 100 shares in the last quarter. Powers Advisory Group LLC lifted its holdings in JPMorgan Chase & Co. by 1.7% in the second quarter. Powers Advisory Group LLC now owns 6,246 shares of the financial services provider’s stock valued at $1,811,000 after acquiring an additional 104 shares during the period. Broadway Wealth Solutions Inc. lifted its holdings in JPMorgan Chase & Co. by 11.0% in the second quarter. Broadway Wealth Solutions Inc. now owns 2,314 shares of the financial services provider’s stock valued at $671,000 after acquiring an additional 230 shares during the period. Finally, Truist Financial Corp boosted its position in JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Truist Financial Corp now owns 2,896,798 shares of the financial services provider’s stock worth $839,811,000 after purchasing an additional 17,334 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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About JPMorgan Chase & Co.

(Get Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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

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