Vetr upgraded shares of J P Morgan Chase & Co (NYSE:JPM) from a hold rating to a buy rating in a research note released on Wednesday morning. Vetr currently has $93.14 price objective on the financial services provider’s stock.

Several other equities analysts have also recently commented on JPM. UBS AG reiterated a buy rating and set a $101.00 target price on shares of J P Morgan Chase & Co in a research note on Monday, May 15th. BMO Capital Markets reiterated a hold rating and set a $85.00 target price on shares of J P Morgan Chase & Co in a research note on Thursday, June 1st. Instinet reiterated a neutral rating and set a $84.00 target price (down from $87.00) on shares of J P Morgan Chase & Co in a research note on Saturday, June 3rd. Keefe, Bruyette & Woods reiterated a hold rating and set a $92.00 target price on shares of J P Morgan Chase & Co in a research note on Wednesday, June 7th. Finally, BidaskClub upgraded shares of J P Morgan Chase & Co from a sell rating to a hold rating in a research note on Saturday, June 10th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $85.59.

Shares of J P Morgan Chase & Co (JPM) opened at 90.11 on Wednesday. J P Morgan Chase & Co has a 12-month low of $65.11 and a 12-month high of $95.22. The firm has a market capitalization of $317.05 billion, a price-to-earnings ratio of 13.29 and a beta of 1.19. The company’s 50-day moving average is $91.81 and its 200-day moving average is $89.04. J P Morgan Chase & Co also was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 33,230 put options on the stock. This represents an increase of 133% compared to the average daily volume of 14,277 put options.

J P Morgan Chase & Co (NYSE:JPM) last released its earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The firm had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 EPS. On average, equities analysts forecast that J P Morgan Chase & Co will post $6.81 earnings per share for the current fiscal year.

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In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 9,968 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $90.55, for a total transaction of $902,602.40. Following the transaction, the general counsel now owns 10,527 shares in the company, valued at $953,219.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,564 shares of company stock worth $2,605,334. Corporate insiders own 0.88% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Jackson Grant Investment Advisers Inc. lifted its position in J P Morgan Chase & Co by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 12 shares during the period. IPG Investment Advisors LLC lifted its position in J P Morgan Chase & Co by 0.3% during the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 17 shares during the period. Paradigm Financial Advisors LLC lifted its position in J P Morgan Chase & Co by 0.3% during the 1st quarter. Paradigm Financial Advisors LLC now owns 6,805 shares of the financial services provider’s stock valued at $597,000 after purchasing an additional 21 shares during the period. BSW Wealth Partners lifted its position in J P Morgan Chase & Co by 0.5% during the 1st quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 26 shares during the period. Finally, Sunbelt Securities Inc. lifted its position in J P Morgan Chase & Co by 0.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 26 shares during the period. Institutional investors own 78.02% of the company’s stock.

About J P Morgan 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 J P Morgan Chase & Co (NYSE:JPM)

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