JPMorgan Chase & Co. (NYSE: JPM) was assigned a price target of $200.00 by research analysts at Barclays in a research report delivered Monday to clients and investors, Borsen Zeitung reports. BarclaysThe company’s price target indicates a potential upside of 67.57% from the company’s current price.
Other analysts have also released reports on the company. Jefferies Financial Group cut its price target on JPMorgan Chase & Co. from $141.00 to $125.00 in a Friday, May 13 report. Piper Sandler raised its price target on JPMorgan Chase & Co. from $165.00 to $170.00 and gave the company an “overweight” rating in a Thursday, April 14 report. StockNews.com began covering JPMorgan Chase & Co. in a report on Thursday, March 31. They issued a “hold” rating on the stock. Royal Bank of Canada set a target price of $175.00 on JPMorgan Chase & Co. shares and gave the company an “outperform” rating in a Thursday, April 14 research note. Finally, Credit Suisse Group set a price target of $160.00 on JPMorgan Chase & Co. shares in a Wednesday, May 18 research note. One financial analyst has assigned the stock a sell rating, ten have assigned a hold rating and seven have assigned the stock a buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $161.17.
NYSE JPM shares opened at $119.35 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt ratio of 1.16. JPMorgan Chase & Co. has a one-year low of $115.02 and a one-year high of $172.96. The company has a 50-day moving average price of $129.45 and a two-hundred-day moving average price of $146.07. The company has a market capitalization of $350.54 billion, a PE ratio of 8.85, a PEG ratio of 2.15 and a beta of 1.12.
JPMorgan Chase & Co. (NYSE: JPM – Get a rating) last released its quarterly results on Wednesday, April 13. The financial services provider reported EPS of $2.63 for the quarter, missing the consensus estimate of $2.73 per ($0.10). JPMorgan Chase & Co. achieved a return on equity of 16.58% and a net margin of 33.61%. The company posted revenue of $30.72 billion for the quarter, versus analyst estimates of $30.53 billion. In the same quarter a year earlier, the company posted earnings of $4.50 per share. The company’s revenue for the quarter was down 4.8% from the same quarter last year. Research analysts expect JPMorgan Chase & Co. to post EPS of 11.01 for the current year.
In related news, Insider Ashley Bacon sold 21,012 shares of the company in a trade on Tuesday, April 19. The stock was sold at an average price of $130.04, for a total value of $2,732,400.48. Following the completion of the transaction, the insider now directly owns 178,588 shares of the company, valued at $23,223,583.52. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Also, CEO Jennifer Piepszak sold 4,668 shares of JPMorgan Chase & Co. in a trade on Thursday, April 14. The stock was sold at an average price of $126.19, for a total transaction of $589,054.92. As a result of the sale, the CEO now owns 11,135 shares of the company, valued at approximately $1,405,125.65. Disclosure of this sale can be found here. Insiders of the company hold 0.79% of the shares of the company.
Several institutional investors have recently changed their stake in the company. Cornerstone Advisory LLC increased its stake in JPMorgan Chase & Co. by 19.2% in the first quarter. Cornerstone Advisory LLC now owns 24,835 shares of the financial services provider valued at $3,386,000 after acquiring an additional 3,992 shares during the period. Quilter Plc increased its holdings in JPMorgan Chase & Co. by 10.8% in the first quarter. Quilter Plc now owns 783,556 shares of the financial services provider valued at $106,815,000 after buying an additional 76,665 shares last quarter. Sanders Capital LLC increased its stake in JPMorgan Chase & Co. shares by 0.6% in Q1. Sanders Capital LLC now owns 8,682,576 shares of the financial services provider valued at $1,293,972,000 after purchasing an additional 50,980 shares during the period. EP Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. shares by 3.9% in Q1. EP Wealth Advisors LLC now owns 484,418 shares of the financial services provider worth $66,036,000 after buying an additional 18,180 shares last quarter. Finally, Toroso Investments LLC increased its position in JPMorgan Chase & Co. shares by 1,163.2% during the 1st quarter. Toroso Investments LLC now owns 39,134 shares of the financial services provider worth $5,335,000 after purchasing an additional 36,036 shares during the period. Institutional investors and hedge funds hold 70.35% of the company’s shares.
JPMorgan Chase & Co. Company Profile (Get a rating)
JPMorgan Chase & Co operates as a worldwide financial services company. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB) and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments and consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.
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