Jefferies Group LLC reiterated their buy rating on shares of J P Morgan Chase & Co (NYSE:JPM) in a research report sent to investors on Friday. The brokerage currently has a $102.00 price objective on the financial services provider’s stock.

A number of other brokerages also recently issued reports on JPM. Buckingham Research reiterated a neutral rating and issued a $100.00 price target (up from $94.00) on shares of J P Morgan Chase & Co in a report on Monday, July 10th. Bank of America Corporation restated an outperform rating and issued a $99.00 target price on shares of J P Morgan Chase & Co in a report on Wednesday, June 21st. Keefe, Bruyette & Woods set a $96.00 target price on shares of J P Morgan Chase & Co and gave the stock a hold rating in a report on Saturday, August 19th. Goldman Sachs Group, Inc. (The) restated a neutral rating and issued a $93.00 target price on shares of J P Morgan Chase & Co in a report on Thursday, July 6th. Finally, Vetr downgraded shares of J P Morgan Chase & Co from a buy rating to a hold rating and set a $93.14 target price on the stock. in a report on Tuesday, September 12th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the stock. J P Morgan Chase & Co presently has an average rating of Hold and a consensus target price of $85.84.

J P Morgan Chase & Co (NYSE JPM) opened at 91.62 on Friday. J P Morgan Chase & Co has a 1-year low of $65.11 and a 1-year high of $95.22. The company has a 50-day moving average price of $91.54 and a 200-day moving average price of $89.03. The company has a market cap of $322.36 billion, a PE ratio of 13.52 and a beta of 1.19.

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

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In other news, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $91.58, for a total value of $1,611,441.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicole Giles sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the sale, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The disclosure for this sale can be found here. Insiders sold a total of 28,564 shares of company stock valued at $2,605,334 in the last ninety days. Corporate insiders own 0.88% of the company’s stock.

A number of large investors have recently bought and sold shares of JPM. Private Vista LLC purchased a new stake in J P Morgan Chase & Co during the second quarter valued at approximately $102,000. Pacific Center for Financial Services lifted its position in J P Morgan Chase & Co by 14.5% during the first quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 177 shares during the last quarter. Atlantic Trust LLC purchased a new stake in J P Morgan Chase & Co during the second quarter valued at approximately $136,000. Horrell Capital Management Inc. lifted its position in J P Morgan Chase & Co by 5.0% during the first quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 78 shares during the last quarter. Finally, Ullmann Financial Group Inc. purchased a new stake in J P Morgan Chase & Co during the first quarter valued at approximately $148,000. 78.02% of the stock is owned by institutional investors.

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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