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The Goldman Sachs Group Issues Positive Forecast for JPMorgan Chase & Co. (NYSE:JPM) Stock Price

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Key Points

  • Goldman Sachs raised its price target on JPMorgan to $365 (from $352) and maintained a "buy" rating, implying about a 23.65% upside from the current share price.
  • JPMorgan posted an EPS beat (QEPS $5.23 vs. $4.93), with revenue up 7.1% year-over-year and strong profitability metrics (ROE 17.16%, net margin 20.35%), underscoring earnings resilience amid macro risks.
  • The stock carries a consensus rating of Moderate Buy with an average analyst target of $334.21, while insiders sold roughly 72,029 shares last quarter and institutions own about 71.6% of the stock.
  • Five stocks we like better than JPMorgan Chase & Co..

JPMorgan Chase & Co. (NYSE:JPM) had its target price raised by investment analysts at The Goldman Sachs Group from $352.00 to $365.00 in a note issued to investors on Monday,MarketScreener reports. The firm currently has a "buy" rating on the financial services provider's stock. The Goldman Sachs Group's price target indicates a potential upside of 23.65% from the stock's current price.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group started coverage on shares of JPMorgan Chase & Co. in a report on Thursday, March 26th. They set a "hold" rating and a $310.00 target price for the company. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Sunday, January 18th. Freedom Capital raised JPMorgan Chase & Co. to a "hold" rating in a report on Wednesday, January 14th. Morgan Stanley set a $331.00 price objective on JPMorgan Chase & Co. in a research note on Tuesday, December 9th. Finally, Wolfe Research downgraded JPMorgan Chase & Co. from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $334.21.

Check Out Our Latest Report on JPM

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $295.18 on Monday. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $337.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.27. The stock has a market cap of $796.10 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. The business has a 50-day simple moving average of $298.95 and a 200-day simple moving average of $307.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Tuesday, January 13th. The financial services provider reported $5.23 EPS for the quarter, topping the consensus estimate of $4.93 by $0.30. The firm had revenue of $45.80 billion for the quarter, compared to analyst estimates of $45.98 billion. JPMorgan Chase & Co. had a return on equity of 17.16% and a net margin of 20.35%.JPMorgan Chase & Co.'s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $4.81 earnings per share. On average, equities analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Activity

In other news, insider Robin Leopold sold 433 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $295.06, for a total transaction of $127,760.98. Following the completion of the sale, the insider directly owned 64,920 shares in the company, valued at approximately $19,155,295.20. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jennifer Piepszak sold 8,571 shares of the business's stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $312.79, for a total value of $2,680,923.09. Following the sale, the chief operating officer directly owned 71,027 shares in the company, valued at $22,216,535.33. This trade represents a 10.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 72,029 shares of company stock valued at $22,195,693 in the last quarter. Insiders own 0.47% of the company's stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Timmons Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $32,000. Mountain Hill Investment Partners Corp. acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $32,000. Family Legacy Financial Solutions LLC increased its holdings in JPMorgan Chase & Co. by 92.6% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 104 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 50 shares in the last quarter. Finally, Osbon Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $35,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Key JPMorgan Chase & Co. News

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

About JPMorgan Chase & Co.

(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.

See Also

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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