JPMorgan Chase & Co. (NYSE:JPM) Raised to “Buy” at Buckingham Research

JPMorgan Chase & Co. (NYSE:JPM) was upgraded by analysts at Buckingham Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, December 21st, Marketbeat Ratings reports.

Other equities analysts have also issued reports about the company. Jefferies Group set a $111.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, October 13th. Vetr upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $93.14 target price on the stock in a report on Wednesday, September 6th. BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $86.00 to $91.00 and gave the company a “market perform” rating in a report on Friday, October 13th. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Deutsche Bank lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $90.00 to $96.00 in a research note on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $102.52.

JPMorgan Chase & Co. (NYSE:JPM) traded up $1.83 during midday trading on Thursday, reaching $112.67. The company’s stock had a trading volume of 18,884,229 shares, compared to its average volume of 14,580,000. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $112.85. 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 company has a market capitalization of $390,930.00, a price-to-earnings ratio of 16.16, a P/E/G ratio of 2.04 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The company had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. During the same period last year, the company earned $1.71 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. analysts forecast that JPMorgan Chase & Co. will post 6.91 earnings per share for the current fiscal year.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rothschild Capital Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.5% in the 1st quarter. Rothschild Capital Partners LLC now owns 120,841 shares of the financial services provider’s stock worth $10,615,000 after acquiring an additional 592 shares in the last quarter. Hennessy Advisors Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 6.3% in the 1st quarter. Hennessy Advisors Inc. now owns 17,000 shares of the financial services provider’s stock worth $1,493,000 after acquiring an additional 1,000 shares in the last quarter. Verity & Verity LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.0% in the 1st quarter. Verity & Verity LLC now owns 98,169 shares of the financial services provider’s stock worth $8,624,000 after acquiring an additional 1,972 shares in the last quarter. Swedbank boosted its holdings in shares of JPMorgan Chase & Co. by 19.0% in the 1st quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock worth $462,130,000 after acquiring an additional 840,518 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in shares of JPMorgan Chase & Co. by 0.7% in the 1st quarter. North Star Investment Management Corp. now owns 267,316 shares of the financial services provider’s stock worth $23,481,000 after acquiring an additional 1,779 shares in the last quarter. 73.76% of the stock is currently owned by institutional investors.

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About JPMorgan 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 JPMorgan Chase & Co. (NYSE:JPM)

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