J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “buy” rating reissued by analysts at Jefferies Group LLC in a research note issued to investors on Friday. They presently have a $102.00 price target on the financial services provider’s stock. Jefferies Group LLC’s price target suggests a potential upside of 11.33% from the stock’s current price.
Several other equities analysts also recently issued reports on JPM. BMO Capital Markets reaffirmed a “hold” rating and set a $85.00 price target on shares of J P Morgan Chase & Co in a research note on Thursday, June 1st. Instinet reaffirmed a “neutral” rating and set a $84.00 price target (down previously from $87.00) on shares of J P Morgan Chase & Co in a research note on Saturday, June 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $92.00 price target on shares of J P Morgan Chase & Co in a research note on Wednesday, June 7th. BidaskClub raised shares of J P Morgan Chase & Co from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Vetr downgraded shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price target for the company. in a research note on Monday, June 12th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $85.84.
Shares of J P Morgan Chase & Co (NYSE:JPM) traded up 0.71% during mid-day trading on Friday, hitting $91.62. 18,171,794 shares of the company’s stock traded hands. The firm has a 50-day moving average of $91.54 and a 200 day moving average of $89.03. J P Morgan Chase & Co has a 52 week low of $65.11 and a 52 week high of $95.22. The company has a market cap of $322.36 billion, a PE ratio of 13.52 and a beta of 1.19.
J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The firm had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 earnings per share. Equities research analysts predict that J P Morgan Chase & Co will post $6.81 EPS for the current year.
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In related news, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 9,968 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $90.55, for a total transaction of $902,602.40. Following the transaction, the general counsel now owns 10,527 shares in the company, valued at $953,219.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,564 shares of company stock worth $2,605,334. 0.88% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Frontier Investment Mgmt Co. boosted its holdings in J P Morgan Chase & Co by 7.1% during the second quarter. Frontier Investment Mgmt Co. now owns 30,498 shares of the financial services provider’s stock worth $2,787,000 after purchasing an additional 2,017 shares during the last quarter. Intl Fcstone Inc. purchased a new position in J P Morgan Chase & Co during the second quarter worth about $2,667,000. Griffin Asset Management Inc. purchased a new position in J P Morgan Chase & Co during the second quarter worth about $5,058,000. Gs Investments Inc. purchased a new position in J P Morgan Chase & Co in the second quarter valued at about $676,000. Finally, Achmea Investment Management B.V. boosted its stake in J P Morgan Chase & Co by 14.2% in the second quarter. Achmea Investment Management B.V. now owns 374,766 shares of the financial services provider’s stock valued at $34,250,000 after acquiring an additional 46,549 shares during the last quarter. Institutional investors and hedge funds own 78.02% of the company’s stock.
J P Morgan 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.
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