JPMorgan Chase (JPM) Stock Rating Reaffirmed by Vining Sparks

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.

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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.

JPMorgan Chase (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase had a net margin of 21.46% and a return on equity of 11.63%. The firm had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. During the same period in the prior year, the firm earned $1.71 EPS. The business’s revenue was up 3.3% on a year-over-year basis. analysts expect that JPMorgan Chase will post 8.89 earnings per share for the current fiscal year.

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.

Analyst Recommendations for JPMorgan Chase (NYSE:JPM)

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