JPMorgan Chase & Co. (NYSE:JPM) Price Target Raised to $217.00 at Barclays

JPMorgan Chase & Co. (NYSE:JPM) had its target price hoisted by analysts at Barclays from $212.00 to $217.00 in a report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target points to a potential upside of 5.39% from the company’s current price.

Other analysts have also recently issued reports about the company. BMO Capital Markets boosted their price objective on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday. UBS Group boosted their price objective on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Piper Sandler boosted their price objective on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Evercore ISI restated an “outperform” rating and issued a $210.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 3rd. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.06.

JPMorgan Chase & Co. Trading Up 0.5 %

Shares of NYSE:JPM opened at $205.90 on Monday. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $210.38. The company has a market capitalization of $591.28 billion, a PE ratio of 11.48, a PEG ratio of 2.31 and a beta of 1.12. The business has a 50 day moving average of $199.88 and a two-hundred day moving average of $189.09. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The business had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.52% and a net margin of 20.32%. During the same period in the previous year, the business earned $4.37 earnings per share. As a group, analysts forecast that JPMorgan Chase & Co. will post 16.5 EPS for the current year.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total transaction of $984,853.04. Following the transaction, the insider now owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the transaction, the insider now owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the completion of the transaction, the insider now directly owns 217,351 shares in the company, valued at approximately $42,087,847.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,343 shares of company stock valued at $14,137,789. Insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several large investors have recently modified their holdings of JPM. Stone House Investment Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares during the last quarter. Retirement Group LLC lifted its stake in JPMorgan Chase & Co. by 227.1% during the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 109 shares in the last quarter. Richardson Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth about $34,000. Bare Financial Services Inc acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth about $35,000. Finally, Partnership Wealth Management LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.