JPMorgan Chase & Co. (NYSE:JPM) Stock Price Expected to Rise, Truist Financial Analyst Says

JPMorgan Chase & Co. (NYSE:JPM) had its price target lifted by research analysts at Truist Financial from $319.00 to $330.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. Truist Financial’s price objective would suggest a potential upside of 4.00% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada lowered their price target on shares of JPMorgan Chase & Co. from $343.00 to $330.00 and set an “outperform” rating for the company in a research report on Friday, December 12th. KGI Securities lifted their target price on JPMorgan Chase & Co. from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Barclays boosted their price target on JPMorgan Chase & Co. from $330.00 to $342.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Piper Sandler raised their price target on JPMorgan Chase & Co. from $332.00 to $336.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a report on Monday. Fifteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $328.00.

JPMorgan Chase & Co. Stock Up 0.7%

Shares of JPMorgan Chase & Co. stock traded up $2.31 during trading hours on Thursday, hitting $317.29. 699,669 shares of the company’s stock traded hands, compared to its average volume of 9,333,980. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $322.88. The company has a market cap of $863.76 billion, a PE ratio of 15.72, a PEG ratio of 1.63 and a beta of 1.08. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. The stock has a 50 day simple moving average of $307.36 and a 200-day simple moving average of $297.74.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The firm had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $44.42 billion. During the same quarter in the prior year, the business posted $4.37 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 8.8% on a year-over-year basis. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 966 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $311.92, for a total transaction of $301,314.72. Following the completion of the transaction, the insider owned 58,479 shares in the company, valued at approximately $18,240,769.68. This trade represents a 1.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.47% of the company’s stock.

Institutional Trading of JPMorgan Chase & Co.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC boosted its holdings in shares of JPMorgan Chase & Co. by 609,867.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider’s stock worth $21,133,630,000 after purchasing an additional 72,885,260 shares during the period. Norges Bank acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter worth approximately $10,295,209,000. Laurel Wealth Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 28,813.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 16,785,584 shares of the financial services provider’s stock worth $4,866,309,000 after buying an additional 16,727,530 shares during the period. Danske Bank A S bought a new position in shares of JPMorgan Chase & Co. in the third quarter worth about $696,885,000. Finally, Holocene Advisors LP lifted its holdings in shares of JPMorgan Chase & Co. by 1,033.3% during the third quarter. Holocene Advisors LP now owns 2,155,120 shares of the financial services provider’s stock worth $679,790,000 after buying an additional 1,964,958 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.