JPMorgan Chase & Co. (NYSE:JPM) was upgraded by equities research analysts at Edward Jones from a “hold” rating to a “buy” rating in a report released on Thursday.
A number of other brokerages have also recently commented on JPM. Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, December 8th. Wells Fargo set a $120.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Wednesday, December 20th. Buckingham Research raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Barclays raised their price objective on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday, January 5th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $111.63.
JPMorgan Chase & Co. stock traded down $2.52 during midday trading on Thursday, reaching $112.22. The company had a trading volume of 9,935,112 shares, compared to its average volume of 15,587,303. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $119.33. The firm has a market capitalization of $393,439.78, a PE ratio of 17.76, a P/E/G ratio of 1.93 and a beta of 1.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the 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 quarter last year, the firm posted $1.71 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. sell-side analysts predict that JPMorgan Chase & Co. will post 8.9 earnings per share for the current year.
In related news, insider Peter Scher sold 26,532 shares of JPMorgan Chase & Co. stock in a transaction on Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ashley Bacon sold 16,434 shares of JPMorgan Chase & Co. stock in a transaction on 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 sale, the insider now owns 98,811 shares in the company, valued at $11,088,570.42. The disclosure for this sale can be found here. Insiders have sold 152,047 shares of company stock worth $17,098,115 over the last quarter. 0.88% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Financial Gravity Companies Inc. bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $104,000. Keeler Thomas Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $112,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $102,000. Welch Investments LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $103,000. Finally, Cerebellum GP LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $119,000. Institutional investors and hedge funds own 74.47% of the company’s stock.
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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.
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