J P Morgan Chase & Co (JPM) PT Raised to $91.00

J P Morgan Chase & Co (NYSE:JPM) had its price objective hoisted by equities research analysts at BMO Capital Markets from $86.00 to $91.00 in a research report issued on Friday. The brokerage currently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price target suggests a potential downside of 5.20% from the stock’s current price.

A number of other equities analysts have also commented on JPM. Bank of America Corporation reissued an “outperform” rating and set a $99.00 price target on shares of J P Morgan Chase & Co in a research note on Wednesday, June 21st. Credit Suisse Group dropped their price target on J P Morgan Chase & Co from $102.00 to $99.00 and set an “outperform” rating for the company in a research note on Thursday, June 29th. Deutsche Bank AG reissued a “buy” rating on shares of J P Morgan Chase & Co in a research note on Monday, July 3rd. BidaskClub raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $93.00 price target on shares of J P Morgan Chase & Co in a research note on Thursday, July 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $89.34.

Shares of J P Morgan Chase & Co (NYSE JPM) opened at 95.99 on Friday. The company has a 50-day moving average price of $93.35 and a 200-day moving average price of $89.70. J P Morgan Chase & Co has a 52-week low of $66.74 and a 52-week high of $97.64. The company has a market cap of $337.74 billion, a P/E ratio of 14.16 and a beta of 1.18.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The company had revenue of $25.33 billion during the quarter, compared to analyst estimates of $24.91 billion. During the same period in the prior year, the company earned $1.58 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts predict that J P Morgan Chase & Co will post $6.79 EPS for the current year.

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In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the sale, the insider now owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Marianne Lake sold 17,596 shares of J P Morgan Chase & Co stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,564 shares of company stock valued at $2,605,334. 0.88% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of J P Morgan Chase & Co by 1.5% in 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 buying an additional 3,717,683 shares during the period. State Street Corp lifted its holdings in shares of J P Morgan Chase & Co by 0.8% in the 1st quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after buying an additional 1,357,194 shares during the period. Northern Trust Corp lifted its holdings in shares of J P Morgan Chase & Co by 1.8% in the 2nd quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock valued at $4,475,468,000 after buying an additional 847,463 shares during the period. Capital Research Global Investors lifted its holdings in shares of J P Morgan Chase & Co by 2.5% in the 2nd quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock valued at $2,898,729,000 after buying an additional 765,082 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of J P Morgan Chase & Co by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock valued at $2,621,677,000 after buying an additional 176,306 shares during the period. 77.89% of the stock is owned by institutional investors.

About J P Morgan 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 J P Morgan Chase & Co (NYSE:JPM)

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