JPMorgan Chase & Co. (JPM) PT Set at $130.00 by Wells Fargo & Co

JPMorgan Chase & Co. (NYSE:JPM) received a $130.00 price objective from stock analysts at Wells Fargo & Co in a research report issued on Wednesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Wells Fargo & Co’s price objective would indicate a potential upside of 14.78% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. UBS Group reissued a “buy” rating and issued a $125.00 price target (up from $119.00) on shares of JPMorgan Chase & Co. in a report on Tuesday. Credit Suisse Group reissued an “outperform” rating and issued a $125.00 price target (up from $120.00) on shares of JPMorgan Chase & Co. in a report on Tuesday. Bank of America set a $119.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Monday. Deutsche Bank set a $96.00 price target on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Tuesday. Finally, Vining Sparks reissued a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, January 12th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $105.81.

JPMorgan Chase & Co. (JPM) opened at $113.26 on Wednesday. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $113.72. The firm has a market capitalization of $392,980.00, a price-to-earnings ratio of 17.75, a PEG ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the previous year, the firm posted $1.71 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. equities research analysts anticipate that JPMorgan Chase & Co. will post 8.65 EPS for the current year.

In other news, Director James S. Crown purchased 7,280 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was bought at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the completion of the purchase, the director now directly owns 305,875 shares of the company’s stock, valued at approximately $34,677,048.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, the general counsel now owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The disclosure for this sale can be found here. Insiders sold 127,614 shares of company stock valued at $14,302,869 over the last quarter. Insiders own 0.88% of the company’s stock.

Large investors have recently made changes to their positions in the business. Bouchey Financial Group Ltd purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth about $435,000. Syntal Capital Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 204.4% in the fourth quarter. Syntal Capital Partners LLC now owns 8,950 shares of the financial services provider’s stock worth $957,000 after buying an additional 6,010 shares during the period. Heritage Way Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 101.8% in the fourth quarter. Heritage Way Advisors LLC now owns 43,750 shares of the financial services provider’s stock worth $4,679,000 after buying an additional 22,075 shares during the period. BKD Wealth Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 4.1% in the fourth quarter. BKD Wealth Advisors LLC now owns 46,073 shares of the financial services provider’s stock worth $4,927,000 after buying an additional 1,825 shares during the period. Finally, Lockheed Martin Investment Management Co. boosted its position in shares of JPMorgan Chase & Co. by 40.0% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 81,200 shares of the financial services provider’s stock worth $8,684,000 after buying an additional 23,200 shares during the period. Institutional investors own 73.78% of the company’s stock.

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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 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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