J P Morgan Chase & Co (JPM) Price Target Raised to $91.00

J P Morgan Chase & Co (NYSE:JPM) had its price target lifted by Nomura from $87.00 to $91.00 in a research note issued on Friday. The firm presently has a “neutral” rating on the financial services provider’s stock. Nomura’s target price would suggest a potential downside of 5.20% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. BMO Capital Markets boosted their target price on shares of J P Morgan Chase & Co from $86.00 to $91.00 and gave the stock a “market perform” rating in a report on Friday. Morgan Stanley boosted their target price on shares of J P Morgan Chase & Co from $99.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday. Robert W. Baird boosted their target price on shares of J P Morgan Chase & Co from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday. Bank of America Corporation boosted their target price on shares of J P Morgan Chase & Co from $99.00 to $102.00 and gave the stock a “buy” rating in a report on Friday. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of J P Morgan Chase & Co in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $91.07.

J P Morgan Chase & Co (NYSE JPM) traded up 0.32% on Friday, reaching $96.30. The company had a trading volume of 3,813,548 shares. The stock has a market capitalization of $338.83 billion, a PE ratio of 14.21 and a beta of 1.18. The stock’s 50 day moving average price is $93.35 and its 200-day moving average price is $89.70. J P Morgan Chase & Co has a 12-month low of $66.74 and a 12-month high of $97.64.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. The company had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 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 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 EPS. Equities analysts expect that J P Morgan Chase & Co will post $6.79 earnings per share for the current fiscal year.

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

Several large investors have recently bought and sold shares of the company. Amarillo National Bank lifted its stake in shares of J P Morgan Chase & Co by 19.6% in the third quarter. Amarillo National Bank now owns 24,381 shares of the financial services provider’s stock worth $2,329,000 after buying an additional 4,003 shares in the last quarter. Beacon Financial Group lifted its stake in shares of J P Morgan Chase & Co by 17.8% in the third quarter. Beacon Financial Group now owns 6,082 shares of the financial services provider’s stock worth $581,000 after buying an additional 921 shares in the last quarter. McQueen Ball & Associates Inc. lifted its stake in shares of J P Morgan Chase & Co by 3.7% in the third quarter. McQueen Ball & Associates Inc. now owns 39,596 shares of the financial services provider’s stock worth $3,782,000 after buying an additional 1,398 shares in the last quarter. Curbstone Financial Management Corp lifted its stake in shares of J P Morgan Chase & Co by 86.9% in the third quarter. Curbstone Financial Management Corp now owns 28,594 shares of the financial services provider’s stock worth $2,731,000 after buying an additional 13,297 shares in the last quarter. Finally, MPS Loria Financial Planners LLC purchased a new position in shares of J P Morgan Chase & Co in the second quarter worth about $296,000. 77.89% of the stock is currently owned by hedge funds and other 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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