J P Morgan Chase & Co (JPM) Price Target Raised to $105.00 at Barclays PLC

J P Morgan Chase & Co (NYSE:JPM) had its price target boosted by equities researchers at Barclays PLC from $100.00 to $105.00 in a research note issued on Friday. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays PLC’s price objective suggests a potential upside of 9.39% from the company’s previous close.

Other analysts have also recently issued reports about the company. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of J P Morgan Chase & Co in a research report on Thursday. BMO Capital Markets raised their target price on J P Morgan Chase & Co from $86.00 to $91.00 and gave the company a “market perform” rating in a research report on Friday. Morgan Stanley raised their target price on J P Morgan Chase & Co from $99.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday. Robert W. Baird raised their target price on J P Morgan Chase & Co from $88.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Jefferies Group LLC set a $111.00 target price on J P Morgan Chase & Co and gave the company a “buy” rating in a research report on Friday. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $91.24.

J P Morgan Chase & Co (NYSE:JPM) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The firm had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. During the same period last year, the firm earned $1.58 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year.

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In related news, General Counsel Stacey Friedman sold 9,968 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $90.55, for a total value of $902,602.40. Following the completion of the sale, the general counsel now owns 10,527 shares in the company, valued at approximately $953,219.85. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Marianne Lake sold 17,596 shares of the company’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 disclosure for this sale can be found here. In the last 90 days, insiders sold 28,564 shares of company stock valued at $2,605,334. 0.88% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JPM. Jackson Grant Investment Advisers Inc. increased its holdings in J P Morgan Chase & Co by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 12 shares in the last quarter. IPG Investment Advisors LLC increased its holdings in J P Morgan Chase & Co by 0.3% during the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 17 shares in the last quarter. BSW Wealth Partners increased its holdings in J P Morgan Chase & Co by 0.5% during the 1st quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 26 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in J P Morgan Chase & Co by 0.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 26 shares in the last quarter. Finally, Financial Advisory Service Inc. increased its holdings in J P Morgan Chase & Co by 0.7% during the 1st quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 77.89% 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.

Analyst Recommendations for J P Morgan Chase & Co (NYSE:JPM)

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