JPMorgan Chase & Co. (JPM) Given a $130.00 Price Target at Wells Fargo & Co

Wells Fargo & Co set a $130.00 price objective on JPMorgan Chase & Co. (NYSE:JPM) in a research report sent to investors on Wednesday. The firm currently has a buy rating on the financial services provider’s stock.

JPM has been the subject of several other reports. Vetr cut JPMorgan Chase & Co. from a sell rating to a strong sell rating and set a $93.51 target price for the company. in a research report on Wednesday, January 10th. Credit Suisse Group upgraded JPMorgan Chase & Co. to a buy rating and set a $120.00 target price for the company in a research report on Friday, January 5th. Vining Sparks restated a buy rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, January 12th. Bank of America set a $102.00 target price on JPMorgan Chase & Co. and gave the stock a buy rating in a research report on Friday, October 13th. Finally, Oppenheimer restated a hold rating on shares of JPMorgan Chase & Co. in a research report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $105.81.

JPMorgan Chase & Co. (JPM) traded down $0.25 during trading on Wednesday, reaching $113.01. The company had a trading volume of 18,696,398 shares, compared to its average volume of 14,060,000. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $114.34. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. The stock has a market capitalization of $392,110.00, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.93 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 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 business 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 business earned $1.71 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. equities research analysts predict that JPMorgan Chase & Co. will post 8.78 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.37%.

In other news, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,844,223.48. Following the completion of the sale, the insider now owns 98,811 shares of the company’s stock, valued at approximately $11,088,570.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the sale, the general counsel now directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,146 shares of company stock valued at $17,312,129. Corporate insiders own 0.88% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JPM. Janus Henderson Group PLC raised its position in JPMorgan Chase & Co. by 517.3% during the 2nd quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock valued at $507,632,000 after purchasing an additional 4,654,113 shares during the last quarter. Stifel Financial Corp raised its position in JPMorgan Chase & Co. by 9,301.6% during the 3rd quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock valued at $415,662,000 after purchasing an additional 4,305,449 shares during the last quarter. Alliancebernstein L.P. raised its position in JPMorgan Chase & Co. by 29.2% during the 2nd quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock valued at $1,595,542,000 after purchasing an additional 3,945,948 shares during the last quarter. Vanguard Group Inc. raised its position in JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after purchasing an additional 3,717,683 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in JPMorgan Chase & Co. by 40.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock valued at $892,886,000 after purchasing an additional 2,828,726 shares during the last quarter. 73.78% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “JPMorgan Chase & Co. (JPM) Given a $130.00 Price Target at Wells Fargo & Co” was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://www.thelincolnianonline.com/2018/01/21/jpmorgan-chase-co-jpm-given-a-130-00-price-target-at-wells-fargo-co.html.

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)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply