JPMorgan Chase & Co. (NYSE:JPM) had its target price increased by research analysts at Morgan Stanley from $122.00 to $124.00 in a report released on Wednesday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 3.20% from the stock’s current price.

A number of other analysts have also issued reports on the stock. Buckingham Research lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 target price on the stock. in a research report on Monday, September 16th. They noted that the move was a valuation call. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. DZ Bank restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, August 21st. Wells Fargo & Co set a $125.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada set a $120.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Monday, October 7th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $120.94.

NYSE JPM traded up $0.20 during mid-day trading on Wednesday, reaching $120.16. 2,526,642 shares of the stock were exchanged, compared to its average volume of 11,265,596. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $121.59. The business’s fifty day simple moving average is $114.98 and its 200 day simple moving average is $111.82. The stock has a market capitalization of $371.36 billion, a PE ratio of 13.35, a PEG ratio of 1.67 and a beta of 1.20. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 0.97.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.45 by $0.23. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The firm had revenue of $29.34 billion for the quarter, compared to analyst estimates of $28.36 billion. During the same quarter last year, the business earned $2.34 earnings per share. JPMorgan Chase & Co.’s revenue was up 7.6% compared to the same quarter last year. On average, analysts anticipate that JPMorgan Chase & Co. will post 9.91 EPS for the current year.

In other JPMorgan Chase & Co. news, EVP Peter Scher sold 10,816 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total value of $1,243,840.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mellody L. Hobson purchased 18,200 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $109.91 per share, for a total transaction of $2,000,362.00. Following the acquisition, the director now owns 7,804 shares in the company, valued at $857,737.64. The disclosure for this purchase can be found here. 0.76% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of JPMorgan Chase & Co. by 7.2% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 343,895 shares of the financial services provider’s stock valued at $40,473,000 after acquiring an additional 23,066 shares during the period. DNB Asset Management AS raised its stake in shares of JPMorgan Chase & Co. by 5.3% in the 3rd quarter. DNB Asset Management AS now owns 481,000 shares of the financial services provider’s stock valued at $56,609,000 after acquiring an additional 24,299 shares during the period. First Command Bank raised its stake in shares of JPMorgan Chase & Co. by 22.6% in the 3rd quarter. First Command Bank now owns 5,261 shares of the financial services provider’s stock valued at $620,000 after acquiring an additional 970 shares during the period. First Financial Corp IN raised its stake in shares of JPMorgan Chase & Co. by 2.6% in the 3rd quarter. First Financial Corp IN now owns 11,754 shares of the financial services provider’s stock valued at $1,383,000 after acquiring an additional 295 shares during the period. Finally, Osher Van de Voorde Investment Management raised its stake in shares of JPMorgan Chase & Co. by 1.2% in the 3rd quarter. Osher Van de Voorde Investment Management now owns 84,100 shares of the financial services provider’s stock valued at $9,898,000 after acquiring an additional 959 shares during the period. 71.94% of the stock is currently owned by institutional investors and hedge funds.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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