Barclays Reaffirms Buy Rating for JPMorgan Chase & Co. (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “buy” rating reaffirmed by investment analysts at Barclays in a research note issued to investors on Wednesday,MarketScreener reports.

A number of other research analysts have also recently commented on the company. The Goldman Sachs Group upped their target price on JPMorgan Chase & Co. from $354.00 to $386.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Royal Bank Of Canada restated an “outperform” rating and set a $330.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday. Citigroup lifted their price objective on shares of JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 7th. Finally, UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Fifteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $336.32.

JPMorgan Chase & Co. Price Performance

NYSE JPM traded up $1.45 on Wednesday, reaching $309.32. The company had a trading volume of 14,740,119 shares, compared to its average volume of 12,761,427. The firm’s 50 day moving average price is $315.52 and its 200 day moving average price is $305.01. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $337.25. The stock has a market capitalization of $842.05 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.52 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, January 13th. The financial services provider reported $5.23 EPS for the quarter, topping analysts’ consensus estimates of $4.93 by $0.30. The company had revenue of $46.77 billion for the quarter, compared to the consensus estimate of $45.98 billion. JPMorgan Chase & Co. had a return on equity of 17.16% and a net margin of 20.35%.The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $4.81 earnings per share. As a group, equities analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 966 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $311.92, for a total value of $301,314.72. Following the completion of the transaction, the insider directly owned 58,479 shares of the company’s stock, valued at approximately $18,240,769.68. The trade was a 1.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several large investors have recently made changes to their positions in the company. Capital Advisors Inc. OK boosted its stake in JPMorgan Chase & Co. by 1.2% during the 4th quarter. Capital Advisors Inc. OK now owns 567,263 shares of the financial services provider’s stock worth $182,784,000 after purchasing an additional 6,479 shares during the last quarter. Victory Financial Group LLC raised its holdings in JPMorgan Chase & Co. by 23.0% in the 4th quarter. Victory Financial Group LLC now owns 4,634 shares of the financial services provider’s stock valued at $1,493,000 after acquiring an additional 866 shares during the last quarter. Pinnacle Wealth Management LLC raised its holdings in JPMorgan Chase & Co. by 0.7% in the 4th quarter. Pinnacle Wealth Management LLC now owns 8,626 shares of the financial services provider’s stock valued at $2,779,000 after acquiring an additional 57 shares during the last quarter. Essential Planning LLC. lifted its stake in JPMorgan Chase & Co. by 2.4% in the 4th quarter. Essential Planning LLC. now owns 1,399 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 33 shares in the last quarter. Finally, Uncommon Cents Investing LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.5% during the 4th quarter. Uncommon Cents Investing LLC now owns 25,945 shares of the financial services provider’s stock worth $8,360,000 after purchasing an additional 135 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting JPMorgan Chase & Co.

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: Q4 results beat consensus (EPS and revenue beats), supporting underlying earnings momentum and revenue growth. JPMorgan Chase (JPM) Stock: Wall Street Dumps Shares Despite Earnings Win
• Positive Sentiment: Wall Street banks pushed record totals in dividends and buybacks, a tailwind for JPM shareholder returns and valuation support. Wall Street Banks Pay Out Record Total in Dividends and Buybacks
• Positive Sentiment: JPMorgan is investing in algo/electronic trading by creating a new quantitative trading and research unit — a move that could boost trading margins over time. JPMorgan Forms New Quant Unit As Electronic Trading Rivalry Intensifies
• Positive Sentiment: An institutional fund (Mn Services) added to its JPM position in the latest 13F filing — a small but constructive sign of demand from a large investor. Fund Update: Mn Services Vermogensbeheer B.V. Just Disclosed New Holdings
• Neutral Sentiment: CEO Jamie Dimon said he plans to stay “at least” five more years — a leadership-stability signal, though his spokesperson called it a joke. JPMorgan CEO Jamie Dimon says he wants to stay in job at least 5 more years
• Neutral Sentiment: Some analysts reiterated Buy ratings and raised targets after the quarter, providing research support that can limit downside. Reiterating JPMorgan Buy: Solid Fundamentals…
• Negative Sentiment: Bank shares initially sold off after earnings — investors punished the sector on valuation concerns and worry that upside was already priced in. That earlier weakness remains a volatility risk. Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem?
• Negative Sentiment: Political risk: proposals to cap credit-card interest rates (widely reported) are a direct overhang on JPM’s card business and were explicitly called out by bank executives as potentially damaging to margins. Under threat from Trump, Wall Street banks wager they can fend off credit card price controls

About JPMorgan Chase & Co.

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.