JPMorgan Chase & Co. (NYSE:JPM) had its price target raised by Credit Suisse Group AG to $99.00 in a research report report published on Wednesday morning. Credit Suisse Group AG currently has a buy rating on the financial services provider’s stock.
JPM has been the topic of several other research reports. Deutsche Bank AG reiterated a buy rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 23rd. Vetr upgraded shares of JPMorgan Chase & Co. from a sell rating to a hold rating and set a $84.31 price target on the stock in a research report on Monday, December 26th. Daiwa Capital Markets upgraded shares of JPMorgan Chase & Co. from a hold rating to an outperform rating in a research report on Tuesday, February 7th. Instinet reiterated a hold rating and set a $65.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 11th. Finally, BMO Capital Markets reiterated a hold rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 1st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. has a consensus rating of Hold and an average price target of $78.53.
JPMorgan Chase & Co. (NYSE:JPM) opened at 90.05 on Wednesday. The firm has a market capitalization of $320.64 billion, a PE ratio of 14.55 and a beta of 1.49. The firm has a 50 day moving average of $89.56 and a 200 day moving average of $79.20. JPMorgan Chase & Co. has a one year low of $57.05 and a one year high of $93.98.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 13th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.29. The business had revenue of $24.30 billion for the quarter, compared to the consensus estimate of $23.48 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 10.91%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 EPS. Equities analysts forecast that JPMorgan Chase & Co. will post $6.56 EPS for the current year.
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In related news, insider Gordon Smith sold 65,865 shares of the stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $83.67, for a total transaction of $5,510,924.55. Following the completion of the sale, the insider now directly owns 237,466 shares of the company’s stock, valued at approximately $19,868,780.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Marianne Lake sold 13,072 shares of the stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $83.68, for a total value of $1,093,864.96. Following the sale, the chief financial officer now directly owns 44,711 shares of the company’s stock, valued at $3,741,416.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 202,699 shares of company stock valued at $17,009,515. 0.85% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of JPM. Pacific Center for Financial Services acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $106,000. Northwest Quadrant Wealth Management LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth $125,000. Thomas J. Herzfeld Advisors Inc. purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth $125,000. Glacier Peak Capital LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth $129,000. Finally, Tortoise Investment Management LLC increased its position in JPMorgan Chase & Co. by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,283 shares during the period. 73.65% of the stock is owned by institutional investors and hedge funds.
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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.
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