Evercore ISI Increases JPMorgan Chase & Co. (NYSE:JPM) Price Target to $211.00

JPMorgan Chase & Co. (NYSE:JPM) had its price objective increased by equities research analysts at Evercore ISI from $210.00 to $211.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s price objective would suggest a potential downside of 1.23% from the company’s current price.

A number of other research analysts have also issued reports on the company. Barclays boosted their price target on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday. Piper Sandler upped their price objective on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday. BMO Capital Markets upped their price objective on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Oppenheimer upped their price objective on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a report on Monday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $211.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $201.16.

JPMorgan Chase & Co. Trading Up 1.7 %

Shares of JPM stock opened at $213.62 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $213.74. The stock has a fifty day moving average of $200.68 and a two-hundred day moving average of $189.67. The firm has a market capitalization of $613.45 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 2.31 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.52% and a net margin of 20.32%. The company had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. During the same quarter in the previous year, the firm posted $4.37 EPS. As a group, research analysts expect that JPMorgan Chase & Co. will post 16.5 EPS for the current year.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the transaction, the insider now directly owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Mary E. Erdoes sold 15,895 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $193.66, for a total transaction of $3,078,225.70. Following the transaction, the chief executive officer now directly owns 585,898 shares of the company’s stock, valued at $113,465,006.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the transaction, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,343 shares of company stock valued at $14,137,789. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc increased its position in JPMorgan Chase & Co. by 3.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 27,729 shares of the financial services provider’s stock worth $5,609,000 after purchasing an additional 829 shares during the last quarter. Moseley Investment Management Inc. increased its position in JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Moseley Investment Management Inc. now owns 18,203 shares of the financial services provider’s stock worth $3,682,000 after purchasing an additional 194 shares during the last quarter. Oak Ridge Investments LLC increased its position in JPMorgan Chase & Co. by 23.3% in the 2nd quarter. Oak Ridge Investments LLC now owns 1,340 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 253 shares during the last quarter. Capital Advisors Wealth Management LLC increased its position in JPMorgan Chase & Co. by 29.4% in the 2nd quarter. Capital Advisors Wealth Management LLC now owns 6,448 shares of the financial services provider’s stock worth $1,304,000 after purchasing an additional 1,465 shares during the last quarter. Finally, IAG Wealth Partners LLC increased its position in JPMorgan Chase & Co. by 5.4% in the 2nd quarter. IAG Wealth Partners LLC now owns 1,070 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 55 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.