J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “hold” rating reissued by BMO Capital Markets in a note issued to investors on Friday, August 25th. They presently have a $86.00 target price on the financial services provider’s stock. BMO Capital Markets’ price objective points to a potential downside of 2.74% from the company’s previous close.
Several other equities research analysts have also recently weighed in on JPM. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $92.00 price target on shares of J P Morgan Chase & Co in a research report on Wednesday, June 7th. Vetr cut shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price objective on the stock. in a research report on Monday, May 15th. UBS AG restated a “buy” rating and issued a $101.00 price objective on shares of J P Morgan Chase & Co in a research report on Monday, May 15th. Vining Sparks upgraded shares of J P Morgan Chase & Co to an “outperform” rating and set a $95.00 price objective on the stock in a research report on Thursday, April 27th. Finally, Credit Suisse Group increased their price target on shares of J P Morgan Chase & Co from $102.00 to $103.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $85.59.
J P Morgan Chase & Co (NYSE JPM) opened at 88.42 on Friday. The company has a market cap of $311.10 billion, a P/E ratio of 13.04 and a beta of 1.19. J P Morgan Chase & Co has a one year low of $65.11 and a one year high of $95.22. The company has a 50-day moving average of $91.65 and a 200 day moving average of $89.03.
J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The business had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.55 earnings per share. Equities research analysts predict that J P Morgan Chase & Co will post $6.80 EPS for the current year.
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In related news, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nicole Giles sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following the transaction, the insider now owns 3,783 shares in the company, valued at approximately $345,350.07. The disclosure for this sale can be found here. Insiders have sold a total of 28,564 shares of company stock valued at $2,605,334 over the last 90 days. 0.88% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Private Vista LLC acquired a new stake in shares of J P Morgan Chase & Co in the second quarter valued at $102,000. Pacific Center for Financial Services acquired a new stake in shares of J P Morgan Chase & Co in the fourth quarter valued at $106,000. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of J P Morgan Chase & Co in the fourth quarter valued at $125,000. Tortoise Investment Management LLC grew its stake in shares of J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock valued at $136,000 after buying an additional 1,283 shares in the last quarter. Finally, Atlantic Trust LLC acquired a new stake in shares of J P Morgan Chase & Co in the second quarter valued at $136,000. 78.02% 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.
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