JPMorgan Chase & Co. (NYSE:JPM) PT Raised to $221.00 at Morgan Stanley

JPMorgan Chase & Co. (NYSE:JPM) had its price target hoisted by analysts at Morgan Stanley from $214.00 to $221.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 3.45% from the stock’s previous close.

Several other brokerages have also recently issued reports on JPM. BMO Capital Markets lifted their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $210.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, July 3rd. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $201.16.

JPMorgan Chase & Co. Trading Up 1.7 %

Shares of JPMorgan Chase & Co. stock opened at $213.62 on Monday. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $213.74. The firm’s 50-day moving average price is $200.68 and its 200 day moving average price is $189.67. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $613.45 billion, a PE ratio of 11.91, a P/E/G ratio of 2.31 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter last year, the business posted $4.37 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 16.5 EPS for the current fiscal year.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the sale, the insider now owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the completion of the transaction, the insider now directly owns 217,351 shares of the company’s stock, valued at approximately $42,087,847.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the sale, the insider now owns 6,484 shares in the company, valued at $1,237,860.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,343 shares of company stock valued at $14,137,789. Company insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JPM. Stone House Investment Management LLC raised its stake in shares of JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 89 shares in the last quarter. Retirement Group LLC raised its position in JPMorgan Chase & Co. by 227.1% in the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 109 shares in the last quarter. Richardson Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $34,000. Davidson Capital Management Inc. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $37,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth approximately $40,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

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.