Deutsche Bank Aktiengesellschaft Boosts JPMorgan Chase & Co. (NYSE:JPM) Price Target to $320.00

Key Points

• Deutsche Bank Aktiengesellschaft has raised its target price for JPMorgan Chase & Co. from $300.00 to $320.00, maintaining a "hold" rating for the stock.
• The current consensus rating for JPMorgan Chase & Co. is "Hold," with a consensus price target of $301.85 according to MarketBeat.
• JPMorgan Chase & Co. reported a quarterly earnings per share (EPS) of $4.96, exceeding forecasts by $0.48, despite a revenue drop of 10.5% compared to the previous year.

JPMorgan Chase & Co. (NYSE:JPM) had its target price upped by equities researchers at Deutsche Bank Aktiengesellschaft from $300.00 to $320.00 in a research note issued on Tuesday,MarketScreener reports. The firm presently has a "hold" rating on the financial services provider's stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 1.22% from the stock's current price.

Several other brokerages also recently issued reports on JPM. The Goldman Sachs Group set a $330.00 target price on JPMorgan Chase & Co. in a research note on Tuesday. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Hsbc Global Res cut JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Bank of America lifted their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Citigroup lifted their price objective on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a "neutral" rating in a report on Wednesday, September 24th. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Hold" and a consensus price target of $301.85.

JPMorgan Chase & Co. Trading Up 0.1%

JPM stock opened at $316.14 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The company's 50-day simple moving average is $299.46 and its 200 day simple moving average is $272.90. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $318.01. The company has a market capitalization of $869.31 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 2.08 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same period in the previous year, the firm earned $6.12 EPS. The business's revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insider Activity

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the sale, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.47% of the company's stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of hedge funds have recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after purchasing an additional 4,841 shares during the period. Merit Financial Group LLC raised its stake in shares of JPMorgan Chase & Co. by 16.5% in the first quarter. Merit Financial Group LLC now owns 111,410 shares of the financial services provider's stock worth $27,329,000 after purchasing an additional 15,781 shares during the last quarter. HBW Advisory Services LLC grew its holdings in JPMorgan Chase & Co. by 46.3% during the first quarter. HBW Advisory Services LLC now owns 7,206 shares of the financial services provider's stock valued at $1,768,000 after purchasing an additional 2,281 shares during the period. Swisher Financial Concepts Inc. raised its position in shares of JPMorgan Chase & Co. by 29.7% in the first quarter. Swisher Financial Concepts Inc. now owns 2,735 shares of the financial services provider's stock worth $671,000 after buying an additional 627 shares in the last quarter. Finally, RFG Advisory LLC grew its stake in shares of JPMorgan Chase & Co. by 13.5% during the first quarter. RFG Advisory LLC now owns 34,533 shares of the financial services provider's stock valued at $8,471,000 after buying an additional 4,118 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

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