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

JPMorgan Chase & Co. (NYSE:JPM) had its price objective increased by equities researchers at TD Securities from $305.00 to $315.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the financial services provider's stock. TD Securities' target price points to a potential upside of 18.42% from the stock's current price.

Several other brokerages have also commented on JPM. Evercore ISI decreased their price target on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Royal Bank of Canada upped their target price on shares of JPMorgan Chase & Co. from $255.00 to $285.00 and gave the company an "outperform" rating in a research report on Tuesday. KGI Securities initiated coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating for the company. Cowen began coverage on shares of JPMorgan Chase & Co. in a research note on Wednesday, May 14th. They issued a "buy" rating on the stock. Finally, Bank of America lowered their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Eleven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and an average price target of $266.20.

JPMorgan Chase & Co. Price Performance

JPM stock traded up $1.13 during mid-day trading on Tuesday, reaching $266.01. The company's stock had a trading volume of 2,273,732 shares, compared to its average volume of 10,821,300. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The company's 50 day moving average is $241.45 and its two-hundred day moving average is $247.55. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25. The stock has a market cap of $739.25 billion, a PE ratio of 13.47, a P/E/G ratio of 2.83 and a beta of 1.07.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co.'s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.44 earnings per share. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Activity

In other news, CFO Jeremy Barnum sold 40,014 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the transaction, the chief financial officer now owns 18,017 shares of the company's stock, valued at $4,518,123.09. This represents a 68.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jennifer Piepszak sold 4,273 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the transaction, the chief operating officer now directly owns 54,469 shares of the company's stock, valued at $14,698,459.65. This trade represents a 7.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,188 shares of company stock worth $33,095,363 over the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

Institutional Trading of JPMorgan Chase & Co.

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Disciplined Investments LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $217,000. LGT Group Foundation lifted its stake in shares of JPMorgan Chase & Co. by 2.8% in the fourth quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock worth $126,040,000 after acquiring an additional 14,300 shares in the last quarter. Kinsale Capital Group Inc. grew its stake in JPMorgan Chase & Co. by 11.1% during the 4th quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock valued at $10,483,000 after purchasing an additional 4,375 shares in the last quarter. Jag Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 10.5% in the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 140 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of JPMorgan Chase & Co. by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after buying an additional 319,730 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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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