J P Morgan Chase & Co (JPM) Upgraded at Buckingham Research

J P Morgan Chase & Co (NYSE:JPM) was upgraded by equities research analysts at Buckingham Research from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, Marketbeat.com reports.

Several other analysts have also commented on JPM. Zacks Investment Research raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Thursday, August 24th. BMO Capital Markets reaffirmed a “hold” rating and set a $86.00 target price on shares of J P Morgan Chase & Co in a report on Friday, August 25th. Vetr raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 target price on the stock in a report on Wednesday, September 6th. Jefferies Group reaffirmed a “buy” rating and set a $102.00 target price on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $88.00 target price on shares of J P Morgan Chase & Co in a report on Thursday, September 21st. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $92.35.

Shares of J P Morgan Chase & Co (NYSE JPM) traded up $1.72 during trading hours on Thursday, hitting $107.86. The stock had a trading volume of 10,197,933 shares, compared to its average volume of 14,044,145. J P Morgan Chase & Co has a 1 year low of $81.64 and a 1 year high of $108.40. The stock has a market capitalization of $369,560.50, a PE ratio of 15.35, a price-to-earnings-growth ratio of 2.31 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.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The firm had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same period last year, the business posted $1.58 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. research analysts expect that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.88% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of JPM. Janus Henderson Group PLC boosted its stake in shares of J P Morgan Chase & Co by 517.3% in the second quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after acquiring an additional 4,654,113 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of J P Morgan Chase & Co by 9,301.6% in the third quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock worth $415,662,000 after acquiring an additional 4,305,449 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of J P Morgan Chase & Co by 29.2% in the second quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after acquiring an additional 3,945,948 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of J P Morgan Chase & Co by 1.5% in the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after acquiring an additional 3,717,683 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of J P Morgan Chase & Co by 40.8% in the second quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock worth $892,886,000 after acquiring an additional 2,828,726 shares during the last quarter. 73.75% of the stock is currently owned by hedge funds and other institutional investors.

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About J P Morgan 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.