JPMorgan Chase & Co. (NYSE:JPM) had its price objective raised by stock analysts at Barclays from $105.00 to $132.00 in a research report issued on Tuesday. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays’ price target would suggest a potential upside of 23.43% from the stock’s current price.
A number of other equities analysts also recently commented on the company. Buckingham Research upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Wells Fargo & Co set a $120.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Wednesday, December 20th. Royal Bank of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Nomura lifted their price target on JPMorgan Chase & Co. from $87.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Finally, Bank of America set a $102.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $93.28.
Shares of JPMorgan Chase & Co. (JPM) traded down $0.85 during mid-day trading on Tuesday, reaching $106.94. The company’s stock had a trading volume of 8,925,600 shares, compared to its average volume of 13,948,124. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $108.46. The firm has a market capitalization of $370,950.00, a P/E ratio of 15.34, a P/E/G ratio of 2.32 and a beta of 1.22.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.88% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of JPM. David R. Rahn & Associates Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $1,458,000. Ironwood Investment Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 61.9% during the 2nd quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock valued at $609,000 after acquiring an additional 2,550 shares in the last quarter. Gamble Jones Investment Counsel grew its holdings in shares of JPMorgan Chase & Co. by 0.6% during the 2nd quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock valued at $4,566,000 after acquiring an additional 276 shares in the last quarter. Grove Bank & Trust grew its holdings in shares of JPMorgan Chase & Co. by 16.9% during the 2nd quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock valued at $895,000 after acquiring an additional 1,417 shares in the last quarter. Finally, Lee Danner & Bass Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock valued at $1,599,000 after acquiring an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 73.75% of the company’s stock.
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About JPMorgan 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.
