JPMorgan Chase & Co. (JPM) PT Raised to $136.00 at Morgan Stanley

JPMorgan Chase & Co. (NYSE:JPM) had its target price raised by equities research analysts at Morgan Stanley from $133.00 to $136.00 in a research report issued on Wednesday. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s target price indicates a potential upside of 18.28% from the stock’s previous close.

JPM has been the subject of several other research reports. Vetr lowered JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price objective for the company. in a report on Wednesday, January 10th. Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 target price for the company in a research note on Friday, January 5th. Vining Sparks reaffirmed a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, January 12th. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Thursday, January 18th. Finally, ValuEngine raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $109.67.

JPMorgan Chase & Co. (JPM) opened at $114.98 on Wednesday. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $117.45. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $398,950.00, a PE ratio of 18.02, a PEG ratio of 1.97 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $24.87 billion. During the same quarter in the previous year, the firm earned $1.71 earnings per share. JPMorgan Chase & Co.’s revenue was up 3.3% on a year-over-year basis. research analysts forecast that JPMorgan Chase & Co. will post 8.77 EPS for the current fiscal year.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 65,101 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total value of $7,307,587.25. Following the completion of the sale, the chief executive officer now owns 479,882 shares in the company, valued at $53,866,754.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James S. Crown bought 7,280 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were acquired at an average price of $113.37 per share, with a total value of $825,333.60. Following the acquisition, the director now owns 305,875 shares of the company’s stock, valued at $34,677,048.75. The disclosure for this purchase can be found here. Insiders sold 152,047 shares of company stock valued at $17,098,115 in the last quarter. Corporate insiders own 0.88% of the company’s stock.

Several institutional investors have recently made changes to their positions in JPM. Ironwood Investment Management LLC raised its holdings in JPMorgan Chase & Co. by 61.9% in the second quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock worth $609,000 after purchasing an additional 2,550 shares in the last quarter. Gamble Jones Investment Counsel raised its holdings in JPMorgan Chase & Co. by 0.6% in the second quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock worth $4,566,000 after purchasing an additional 276 shares in the last quarter. ETRADE Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 4.2% in the third quarter. ETRADE Capital Management LLC now owns 88,152 shares of the financial services provider’s stock worth $8,419,000 after purchasing an additional 3,513 shares in the last quarter. Aviva PLC raised its holdings in JPMorgan Chase & Co. by 5.5% in the second quarter. Aviva PLC now owns 3,082,910 shares of the financial services provider’s stock worth $281,840,000 after purchasing an additional 160,019 shares in the last quarter. Finally, Hartford Financial Management Inc. raised its holdings in JPMorgan Chase & Co. by 0.5% in the second quarter. Hartford Financial Management Inc. now owns 51,650 shares of the financial services provider’s stock worth $4,720,000 after purchasing an additional 270 shares in the last quarter. Institutional investors own 73.02% 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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