JPMorgan Chase & Co. (JPM) PT Raised to $132.00

JPMorgan Chase & Co. (NYSE:JPM) had its target price raised by Barclays from $105.00 to $132.00 in a report released on Tuesday. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays’ price target points to a potential upside of 23.43% from the stock’s previous close.

A number of other brokerages have also commented on JPM. Credit Suisse Group restated a “buy” rating and set a $110.00 price objective (up from $103.00) on shares of JPMorgan Chase & Co. in a report on Monday, October 9th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on shares of JPMorgan Chase & Co. from $99.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Oppenheimer restated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Thursday, October 12th. Wells Fargo & Co set a $120.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Wednesday, December 20th. Finally, Vetr lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $93.14 price objective on the stock. in a report on Tuesday, September 12th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $93.28.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down $0.85 during trading hours on Tuesday, hitting $106.94. 8,925,600 shares of the company were exchanged, compared to its average volume of 13,948,124. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $108.46. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $370,950.00, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 2.32 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data 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. JPMorgan Chase & Co. had a net margin of 24.08% and a return on equity of 11.68%. The business had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. During the same period last year, the business posted $1.58 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. equities analysts predict that JPMorgan Chase & Co. will post 6.92 earnings per share for the current year.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now 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 accessible through this link. Company insiders own 0.88% of the company’s stock.

Institutional investors have recently modified their holdings of the business. David R. Rahn & Associates Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $1,458,000. 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 purchasing an additional 276 shares during the last quarter. 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 purchasing an additional 2,550 shares during 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 purchasing an additional 1,417 shares during 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 purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 73.75% of the company’s stock.

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JPMorgan Chase & Co. Company Profile

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.

Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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