JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Barclays PLC in a research note issued on Monday. They currently have a $100.00 price target on the financial services provider’s stock. Barclays PLC’s target price points to a potential upside of 11.07% from the stock’s previous close.
Several other brokerages have also recently commented on JPM. Deutsche Bank AG reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 23rd. Vetr upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $84.31 target price for the company in a research report on Monday, December 26th. Daiwa Capital Markets upgraded shares of JPMorgan Chase & Co. from a “hold” rating to an “outperform” rating in a research report on Tuesday, February 7th. Instinet reiterated a “hold” rating and set a $65.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 11th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 1st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $79.30.
Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 0.72% during mid-day trading on Monday, hitting $90.03. The stock had a trading volume of 14,623,597 shares. The stock has a market capitalization of $320.57 billion, a price-to-earnings ratio of 14.54 and a beta of 1.49. JPMorgan Chase & Co. has a 12-month low of $57.05 and a 12-month high of $93.98. The stock’s 50-day moving average price is $89.56 and its 200-day moving average price is $79.20.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 13th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.29. JPMorgan Chase & Co. had a return on equity of 10.91% and a net margin of 23.45%. The firm had revenue of $24.30 billion for the quarter, compared to the consensus estimate of $23.48 billion. During the same quarter in the prior year, the business earned $1.68 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that JPMorgan Chase & Co. will post $6.56 EPS for the current fiscal year.
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In other news, insider Gordon Smith sold 65,865 shares of the stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $83.67, for a total transaction of $5,510,924.55. Following the completion of the transaction, the insider now directly owns 237,466 shares in the company, valued at approximately $19,868,780.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ashley Bacon sold 12,986 shares of the stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $84.15, for a total transaction of $1,092,771.90. Following the transaction, the insider now owns 67,670 shares of the company’s stock, valued at $5,694,430.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 202,699 shares of company stock valued at $17,009,515. Company insiders own 0.85% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Pacific Center for Financial Services acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $106,000. Northwest Quadrant Wealth Management LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $125,000. Thomas J. Herzfeld Advisors Inc. acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $125,000. Glacier Peak Capital LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $129,000. Finally, Tortoise Investment Management LLC increased its position in JPMorgan Chase & Co. by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,283 shares in the last quarter. Institutional investors own 73.65% of the company’s stock.
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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.
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