Credit Suisse Group Boosts JPMorgan Chase & Co. (JPM) Price Target to $127.00

JPMorgan Chase & Co. (NYSE:JPM) had its price objective boosted by research analysts at Credit Suisse Group from $125.00 to $127.00 in a report issued on Monday. The firm currently has an “outperform” rating on the financial services provider’s stock. Credit Suisse Group’s price objective indicates a potential upside of 10.24% from the company’s current price.

JPM has been the topic of a number of other reports. Keefe, Bruyette & Woods upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price target on the stock in a report on Tuesday, February 13th. ValuEngine upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Vining Sparks reiterated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, January 12th. Vetr upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 price target on the stock in a report on Monday, February 12th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $111.03.

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Shares of JPMorgan Chase & Co. stock traded down $0.24 during trading on Monday, reaching $115.20. The company had a trading volume of 1,390,032 shares, compared to its average volume of 15,628,389. The company has a market capitalization of $396,185.34, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.95 and a beta of 1.18. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. JPMorgan Chase & Co.’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $1.71 earnings per share. research analysts anticipate that JPMorgan Chase & Co. will post 8.9 EPS for the current fiscal year.

In related news, Director James S. Crown purchased 7,280 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 18th. The stock was bought at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the completion of the transaction, the director now owns 305,875 shares in the company, valued at $34,677,048.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ashley Bacon sold 16,434 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total value of $1,844,223.48. Following the completion of the transaction, the insider now owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in JPM. ETRADE Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 4.2% during the third quarter. ETRADE Capital Management LLC now owns 88,152 shares of the financial services provider’s stock worth $8,419,000 after purchasing an additional 3,513 shares during the last quarter. Sei Investments Co. lifted its stake in JPMorgan Chase & Co. by 3.4% during the third quarter. Sei Investments Co. now owns 2,088,914 shares of the financial services provider’s stock worth $199,513,000 after purchasing an additional 68,418 shares during the last quarter. Aviva PLC lifted its stake in JPMorgan Chase & Co. by 5.5% during the second quarter. Aviva PLC now owns 3,082,910 shares of the financial services provider’s stock worth $281,840,000 after purchasing an additional 160,019 shares during the last quarter. FDx Advisors Inc. lifted its stake in JPMorgan Chase & Co. by 11.3% during the third quarter. FDx Advisors Inc. now owns 136,089 shares of the financial services provider’s stock worth $12,998,000 after purchasing an additional 13,827 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in JPMorgan Chase & Co. by 8.4% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 286,186 shares of the financial services provider’s stock worth $27,334,000 after purchasing an additional 22,236 shares during the last quarter. Institutional investors own 74.47% of the company’s stock.

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About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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