J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “buy” rating reaffirmed by stock analysts at Credit Suisse Group in a research note issued to investors on Monday. They currently have a $110.00 price objective on the financial services provider’s stock, up from their prior price objective of $103.00. Credit Suisse Group’s target price would suggest a potential upside of 13.25% from the stock’s previous close. The analysts noted that the move was a valuation call.
A number of other equities analysts also recently commented on the company. Citigroup Inc. lifted their target price on J P Morgan Chase & Co from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, October 6th. Deutsche Bank AG downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating and lifted their target price for the company from $90.00 to $96.00 in a research note on Tuesday, September 26th. Robert W. Baird restated a “hold” rating and issued a $88.00 target price on shares of J P Morgan Chase & Co in a research note on Thursday, September 21st. Jefferies Group LLC restated a “buy” rating and issued a $102.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Finally, Vetr downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating and set a $93.14 target price for the company. in a research note on Tuesday, September 12th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $88.87.
Shares of J P Morgan Chase & Co (NYSE:JPM) opened at 97.13 on Monday. The firm’s 50-day moving average price is $93.07 and its 200 day moving average price is $89.60. The stock has a market capitalization of $341.75 billion, a P/E ratio of 14.33 and a beta of 1.18. J P Morgan Chase & Co has a 1-year low of $66.74 and a 1-year high of $97.64.
J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The company had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. J P Morgan Chase & Co’s quarterly revenue was up 4.6% compared to the same quarter last year. Analysts expect that J P Morgan Chase & Co will post $6.80 EPS for the current fiscal year.
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In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicole Giles sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the sale, the insider now directly owns 3,783 shares in the company, valued at $345,350.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,564 shares of company stock worth $2,605,334. Company insiders own 0.88% of the company’s stock.
A number of large investors have recently made changes to their positions in JPM. Private Vista LLC acquired a new stake in J P Morgan Chase & Co during the 2nd quarter valued at $102,000. Pacific Center for Financial Services raised its stake in J P Morgan Chase & Co by 14.5% during the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 177 shares during the period. Atlantic Trust LLC acquired a new stake in J P Morgan Chase & Co during the 2nd quarter valued at $136,000. Ullmann Financial Group Inc. acquired a new stake in J P Morgan Chase & Co during the 1st quarter valued at $148,000. Finally, Northwest Investment Counselors LLC acquired a new stake in J P Morgan Chase & Co during the 2nd quarter valued at $165,000. 77.89% of the stock is currently owned by institutional investors.
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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