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HSBC Increases JPMorgan Chase & Co. (NYSE:JPM) Price Target to $312.00

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Key Points

  • HSBC raised its price target on JPMorgan Chase to $312 (from $288) while maintaining a "hold" rating, implying only about a 0.9% upside from the recent share price.
  • JPMorgan reported a strong quarter, beating expectations with EPS of $5.94 versus $5.50 and revenue of $50.54 billion versus $48.30 billion consensus.
  • Analysts remain mixed—15 Buy and 15 Hold ratings—giving a consensus rating of "Moderate Buy" and a higher consensus target price of $337.12.
  • Five stocks to consider instead of JPMorgan Chase & Co..

JPMorgan Chase & Co. (NYSE:JPM) had its target price raised by stock analysts at HSBC from $288.00 to $312.00 in a note issued to investors on Monday,MarketScreener reports. The firm currently has a "hold" rating on the financial services provider's stock. HSBC's target price would indicate a potential upside of 0.89% from the stock's current price.

A number of other research analysts have also recently issued reports on JPM. Jefferies Financial Group reiterated a "neutral" rating on shares of JPMorgan Chase & Co. in a research note on Monday. Wells Fargo & Company dropped their price target on JPMorgan Chase & Co. from $360.00 to $350.00 and set an "overweight" rating for the company in a report on Tuesday, February 17th. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an "overweight" rating in a research report on Wednesday, April 15th. Keefe, Bruyette & Woods reissued an "outperform" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, February 24th. Finally, Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Sunday, January 18th. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $337.12.

Check Out Our Latest Analysis on JPM

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $309.25 on Monday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.85. The stock has a fifty day moving average price of $299.19 and a two-hundred day moving average price of $307.06. JPMorgan Chase & Co. has a 52-week low of $248.83 and a 52-week high of $337.25. The firm has a market capitalization of $829.47 billion, a P/E ratio of 14.82, a P/E/G ratio of 1.52 and a beta of 1.03.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.50 by $0.44. The firm had revenue of $50.54 billion during the quarter, compared to the consensus estimate of $48.30 billion. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The firm's quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $5.07 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 22.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,404 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $306.40, for a total value of $1,042,985.60. Following the transaction, the general counsel directly owned 61,949 shares in the company, valued at approximately $18,981,173.60. This trade represents a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 9,136 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $306.56, for a total value of $2,800,732.16. Following the completion of the sale, the chief operating officer directly owned 90,001 shares of the company's stock, valued at $27,590,706.56. This trade represents a 9.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 71,908 shares of company stock valued at $22,065,882 over the last quarter. Company insiders own 0.41% of the company's stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Hedge funds have recently added to or reduced their stakes in the company. Persium Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 1.3% during the first quarter. Persium Advisors LLC now owns 3,537 shares of the financial services provider's stock worth $1,040,000 after buying an additional 45 shares during the last quarter. Navigate Wealth Management LLC bought a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $237,000. LGT Fund Management Co Ltd. grew its holdings in JPMorgan Chase & Co. by 251.7% during the 1st quarter. LGT Fund Management Co Ltd. now owns 200,474 shares of the financial services provider's stock worth $58,971,000 after acquiring an additional 143,478 shares during the period. Global Assets Advisory LLC grew its holdings in JPMorgan Chase & Co. by 379.1% during the 1st quarter. Global Assets Advisory LLC now owns 14,132 shares of the financial services provider's stock worth $4,157,000 after acquiring an additional 11,182 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at $371,195,000. Institutional investors own 71.55% of the company's stock.

Key JPMorgan Chase & Co. News

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

JPMorgan Chase & Co. Company Profile

(Get Free Report)

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.

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Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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