JPMorgan Chase & Co. (NYSE:JPM) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• JPMorgan Chase & Co. has an average recommendation of "Moderate Buy" from 23 brokerages, with three analysts rating it as a sell and thirteen as a buy.
• The company's stock had an average 12-month price target of $288.68, with notable target price increases from brokerages, including Bank of America raising it to $340.00.
• Recently, COO Jennifer Piepszak sold over 6,000 shares for approximately $1.6 million, which reflected an 8.94% decrease in her ownership in the company.

Shares of JPMorgan Chase & Co. (NYSE:JPM) have been assigned an average recommendation of "Moderate Buy" from the twenty-three ratings firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $288.6842.

Several brokerages recently issued reports on JPM. Royal Bank Of Canada set a $305.00 target price on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research note on Monday, June 30th. Piper Sandler reiterated an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Finally, Bank of America raised their target price on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the transaction, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.47% of the company's stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Institutional investors have recently made changes to their positions in the company. JFS Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 0.4% in the 2nd quarter. JFS Wealth Advisors LLC now owns 7,897 shares of the financial services provider's stock worth $2,290,000 after purchasing an additional 35 shares during the last quarter. Cottonwood Capital Advisors LLC grew its position in JPMorgan Chase & Co. by 0.9% in the 2nd quarter. Cottonwood Capital Advisors LLC now owns 3,837 shares of the financial services provider's stock worth $1,112,000 after purchasing an additional 35 shares during the last quarter. Coign Capital Advisors LLC grew its position in JPMorgan Chase & Co. by 1.2% in the 2nd quarter. Coign Capital Advisors LLC now owns 2,854 shares of the financial services provider's stock worth $827,000 after purchasing an additional 35 shares during the last quarter. Rialto Wealth Management LLC grew its position in JPMorgan Chase & Co. by 3.9% in the 2nd quarter. Rialto Wealth Management LLC now owns 929 shares of the financial services provider's stock worth $269,000 after purchasing an additional 35 shares during the last quarter. Finally, Breed s Hill Capital LLC grew its position in JPMorgan Chase & Co. by 0.8% in the 2nd quarter. Breed s Hill Capital LLC now owns 4,642 shares of the financial services provider's stock worth $1,346,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $299.52 on Thursday. 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 stock's 50-day simple moving average is $290.51 and its 200 day simple moving average is $264.94. The company has a market cap of $823.59 billion, a P/E ratio of 15.37, a P/E/G ratio of 1.98 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $301.29.

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

About JPMorgan Chase & Co.

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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