JPMorgan Chase & Co. (NYSE:JPM) Stock Price Expected to Rise, Morgan Stanley Analyst Says

JPMorgan Chase & Co. (NYSE:JPM) had its price target increased by equities researchers at Morgan Stanley from $235.00 to $236.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the financial services provider's stock. Morgan Stanley's price objective points to a potential downside of 10.81% from the company's previous close.

Other research analysts have also issued research reports about the stock. StockNews.com raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective on the stock. UBS Group upped their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Finally, Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and a consensus price target of $259.68.

JPMorgan Chase & Co. Trading Down 1.1%

NYSE JPM opened at $264.60 on Tuesday. The firm's 50 day moving average price is $241.45 and its two-hundred day moving average price is $247.55. The stock has a market cap of $735.35 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. During the same quarter last year, the business posted $4.44 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the sale, the chief executive officer now owns 158,381 shares in the company, valued at $42,737,529.04. This represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now owns 50,377 shares of the company's stock, valued at approximately $13,606,323.93. This represents a 2.42% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,188 shares of company stock worth $33,095,363. 0.47% of the stock is currently owned by company insiders.

Institutional Trading of JPMorgan Chase & Co.

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of JPMorgan Chase & Co. by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock valued at $938,491,000 after acquiring an additional 319,730 shares during the period. Regent Peak Wealth Advisors LLC lifted its position in JPMorgan Chase & Co. by 2.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 6,517 shares of the financial services provider's stock valued at $1,562,000 after purchasing an additional 148 shares during the last quarter. Capital & Planning LLC lifted its position in JPMorgan Chase & Co. by 13.3% during the fourth quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock valued at $565,000 after purchasing an additional 276 shares during the last quarter. Trust Co of Kansas bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $215,000. Finally, Arkadios Wealth Advisors raised its stake in shares of JPMorgan Chase & Co. by 6.1% during the fourth quarter. Arkadios Wealth Advisors now owns 85,609 shares of the financial services provider's stock worth $20,521,000 after acquiring an additional 4,928 shares in 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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