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

Key Points

• UBS Group raised its target price for JPMorgan Chase & Co. from $339.00 to $350.00, predicting a 13.94% upside from the stock's previous close.
• While UBS maintains a "buy" rating, other analysts have mixed views, with HSBC assigning a "reduce" rating and a target price of $259.00.
• JPMorgan's recent quarterly earnings report showed earnings per share (EPS) of $4.96, exceeding expectations, but revenue declined by 10.5% year-over-year.

JPMorgan Chase & Co. (NYSE:JPM) had its target price upped by equities researchers at UBS Group from $339.00 to $350.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the financial services provider's stock. UBS Group's price target indicates a potential upside of 13.94% from the stock's previous close.

Several other equities research analysts also recently weighed in on JPM. HSBC reissued a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Piper Sandler reiterated an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Phillip Securities lowered JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. TD Cowen increased their target price on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the stock a "buy" rating in a report on Friday. Finally, Truist Financial lifted their target price on JPMorgan Chase & Co. from $290.00 to $319.00 and gave the stock a "hold" rating in a research report on Tuesday, September 23rd. Fifteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $309.95.

JPMorgan Chase & Co. Stock Down 0.6%

Shares of NYSE:JPM traded down $2.00 during trading on Tuesday, hitting $307.18. The company's stock had a trading volume of 4,443,511 shares, compared to its average volume of 9,543,534. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $318.01. The stock's 50-day moving average price is $300.89 and its two-hundred day moving average price is $275.44. The company has a market capitalization of $844.66 billion, a PE ratio of 15.76, a PEG ratio of 2.04 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.48 by $0.48. The company 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 revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $6.12 EPS. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Transactions at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.47% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after buying an additional 4,841 shares in the last quarter. McDonough Capital Management Inc boosted its position in shares of JPMorgan Chase & Co. by 6.6% during the 1st quarter. McDonough Capital Management Inc now owns 4,354 shares of the financial services provider's stock valued at $1,068,000 after purchasing an additional 271 shares in the last quarter. Centricity Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 3.4% in the 1st quarter. Centricity Wealth Management LLC now owns 3,099 shares of the financial services provider's stock worth $760,000 after purchasing an additional 101 shares during the last quarter. Baldwin Wealth Partners LLC MA raised its holdings in shares of JPMorgan Chase & Co. by 0.3% in the 1st quarter. Baldwin Wealth Partners LLC MA now owns 94,046 shares of the financial services provider's stock worth $23,070,000 after purchasing an additional 241 shares in the last quarter. Finally, Greystone Financial Group LLC lifted its stake in JPMorgan Chase & Co. by 1.4% during the first quarter. Greystone Financial Group LLC now owns 60,166 shares of the financial services provider's stock valued at $14,759,000 after purchasing an additional 859 shares during the last quarter. 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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