J P Morgan Chase & Co (NYSE:JPM) had its target price upped by stock analysts at Wells Fargo & Company from $110.00 to $115.00 in a research note issued on Friday, October 27th. The firm presently has an “outperform” rating on the financial services provider’s stock. Wells Fargo & Company’s price objective suggests a potential upside of 18.23% from the company’s previous close.
JPM has been the topic of several other research reports. Berenberg Bank set a $65.00 price objective on J P Morgan Chase & Co and gave the stock a “sell” rating in a research note on Thursday, August 3rd. Bank of America Corporation set a $102.00 target price on J P Morgan Chase & Co and gave the company a “buy” rating in a research note on Friday, October 13th. Deutsche Bank AG reissued a “buy” rating on shares of J P Morgan Chase & Co in a research note on Monday, July 3rd. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $93.00 price target on shares of J P Morgan Chase & Co in a report on Thursday, July 6th. Finally, Jefferies Group LLC restated a “buy” rating and set a $102.00 price target on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. J P Morgan Chase & Co presently has a consensus rating of “Hold” and an average price target of $92.18.
J P Morgan Chase & Co (NYSE JPM) traded down $0.59 during midday trading on Friday, hitting $97.27. The stock had a trading volume of 11,043,200 shares, compared to its average volume of 13,970,721. J P Morgan Chase & Co has a 52-week low of $76.88 and a 52-week high of $102.42. The stock has a market capitalization of $338,920.00, a PE ratio of 14.10, a P/E/G ratio of 2.12 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 released its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $24.91 billion. During the same period in the prior year, the firm posted $1.58 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. equities research analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.
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In related news, General Counsel Stacey Friedman sold 2,099 shares of the 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 completion of the transaction, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.88% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in JPM. Private Vista LLC purchased a new position in shares of J P Morgan Chase & Co during the second quarter worth $102,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of J P Morgan Chase & Co in the third quarter valued at $102,000. Welch Investments LLC acquired a new stake in shares of J P Morgan Chase & Co in the third quarter valued at $103,000. Legacy Advisors LLC acquired a new stake in shares of J P Morgan Chase & Co in the third quarter valued at $106,000. Finally, Pacific Center for Financial Services raised its stake in shares of J P Morgan Chase & Co by 14.5% in the first quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.
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.
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