JPMorgan Chase & Co. (JPM) Given a $115.00 Price Target at Nomura

JPMorgan Chase & Co. (NYSE:JPM) received a $115.00 target price from equities research analysts at Nomura in a research note issued to investors on Friday. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Nomura’s price target would suggest a potential upside of 2.07% from the company’s current price.

A number of other research firms have also recently weighed in on JPM. Barclays increased their price target on JPMorgan Chase & Co. from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Credit Suisse Group reiterated a “buy” rating and set a $110.00 price target (up from $103.00) on shares of JPMorgan Chase & Co. in a report on Monday, October 9th. They noted that the move was a valuation call. Oppenheimer reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Thursday, October 12th. Morgan Stanley increased their price target on JPMorgan Chase & Co. from $99.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Finally, Wells Fargo & Co set a $120.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $102.52.

JPMorgan Chase & Co. (NYSE:JPM) opened at $112.67 on Friday. The firm has a market capitalization of $390,930.00, a price-to-earnings ratio of 16.16, a PEG ratio of 2.01 and a beta of 1.22. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $112.85.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.71 EPS. research analysts predict that JPMorgan Chase & Co. will post 6.9 earnings per share for the current year.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.88% of the company’s stock.

A number of hedge funds have recently bought and sold shares of JPM. Janus Henderson Group PLC raised its position in JPMorgan Chase & Co. by 517.3% in 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 in the last quarter. Stifel Financial Corp raised its position in JPMorgan Chase & Co. by 9,301.6% in 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 in the last quarter. Alliancebernstein L.P. raised its position in JPMorgan Chase & Co. by 29.2% in 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 in the last quarter. Vanguard Group Inc. raised its position in JPMorgan 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 purchasing an additional 3,717,683 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of 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 worth $892,886,000 after acquiring an additional 2,828,726 shares in the last quarter. 73.76% of the stock is currently owned by institutional investors.

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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 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)

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