JPMorgan Chase (NYSE:JPM)‘s stock had its “buy” rating reiterated by equities research analysts at Vining Sparks in a report released on Friday. They presently have a $130.00 price objective on the financial services provider’s stock. Vining Sparks’ price target points to a potential upside of 17.88% from the stock’s previous close.
Other analysts also recently issued reports about the stock. Buckingham Research raised shares of JPMorgan Chase from a “neutral” rating to a “buy” rating in a report on Thursday, December 21st. Wells Fargo set a $120.00 price objective on shares of JPMorgan Chase and gave the stock a “buy” rating in a report on Wednesday, December 20th. Royal Bank of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase in a report on Friday, December 8th. Credit Suisse Group raised shares of JPMorgan Chase to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, January 5th. Finally, Argus raised their price objective on shares of JPMorgan Chase from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $112.58.
JPMorgan Chase stock traded down $1.60 during mid-day trading on Friday, reaching $110.28. The company had a trading volume of 7,315,507 shares, compared to its average volume of 15,876,473. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase has a 52 week low of $81.64 and a 52 week high of $119.33. The company has a market cap of $380,913.13, a PE ratio of 16.02, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24.
In related news, General Counsel Stacey Friedman sold 17,729 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the completion of the sale, the general counsel now owns 21,260 shares in the company, valued at approximately $2,388,135.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter Scher sold 17,057 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.20, for a total transaction of $1,913,795.40. Following the sale, the executive vice president now owns 15,310 shares of the company’s stock, valued at approximately $1,717,782. The disclosure for this sale can be found here. Insiders have sold a total of 152,047 shares of company stock valued at $17,098,115 in the last quarter. 0.88% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of JPM. Kohmann Bosshard Financial Services LLC acquired a new stake in JPMorgan Chase in the 3rd quarter valued at about $102,000. Welch Investments LLC bought a new position in shares of JPMorgan Chase in the 3rd quarter valued at about $103,000. Financial Gravity Companies Inc. bought a new position in shares of JPMorgan Chase in the 4th quarter valued at about $104,000. Legacy Advisors LLC bought a new position in shares of JPMorgan Chase in the 3rd quarter valued at about $106,000. Finally, Keeler Thomas Management LLC bought a new position in shares of JPMorgan Chase in the 4th quarter valued at about $112,000. Hedge funds and other institutional investors own 74.50% of the company’s stock.
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About JPMorgan Chase
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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