JPMorgan Chase & Co. (NYSE:JPM) has been given a $130.00 price target by equities researchers at Goldman Sachs Group in a report released on Friday. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group’s price objective would suggest a potential upside of 21.55% from the stock’s current price.
A number of other analysts have also issued reports on the company. Bank of America boosted their price target on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a report on Monday, September 17th. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a report on Friday, September 14th. UBS Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. BMO Capital Markets upped their target price on JPMorgan Chase & Co. from $110.00 to $118.00 and gave the stock a “market perform” rating in a report on Monday, July 16th. Finally, DZ Bank upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and an average price target of $123.49.
Get JPMorgan Chase & Co. alerts:Shares of NYSE JPM opened at $106.95 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $387.26 billion, a P/E ratio of 15.57, a PEG ratio of 1.85 and a beta of 1.17. JPMorgan Chase & Co. has a 52-week low of $94.96 and a 52-week high of $119.33.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.10. The firm had revenue of $27.26 billion during the quarter, compared to analyst estimates of $27.20 billion. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. During the same quarter in the previous year, the business earned $1.76 earnings per share. Analysts anticipate that JPMorgan Chase & Co. will post 9.17 EPS for the current year.
In other news, CEO Gordon Smith sold 30,725 shares of the company’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total transaction of $3,502,957.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.73% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Webster Bank N. A. increased its position in shares of JPMorgan Chase & Co. by 1.3% in the 3rd quarter. Webster Bank N. A. now owns 136,873 shares of the financial services provider’s stock valued at $15,445,000 after acquiring an additional 1,713 shares during the period. Community Bank & Trust Waco Texas increased its position in shares of JPMorgan Chase & Co. by 2.7% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 28,629 shares of the financial services provider’s stock valued at $3,231,000 after acquiring an additional 750 shares during the period. Canton Hathaway LLC acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $1,656,000. Berkshire Asset Management LLC PA increased its position in shares of JPMorgan Chase & Co. by 5.3% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 434,197 shares of the financial services provider’s stock valued at $48,995,000 after acquiring an additional 21,730 shares during the period. Finally, Lau Associates LLC increased its position in shares of JPMorgan Chase & Co. by 41.0% in the 3rd quarter. Lau Associates LLC now owns 17,750 shares of the financial services provider’s stock valued at $2,003,000 after acquiring an additional 5,158 shares during the period. 70.56% of the stock is currently owned by institutional investors and hedge funds.
JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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