JPMorgan Chase & Co. (NYSE:JPM) Price Target Raised to $285.00

JPMorgan Chase & Co. (NYSE:JPM) had its price target boosted by equities research analysts at Royal Bank of Canada from $255.00 to $285.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 7.12% from the stock’s current price.

Several other analysts also recently weighed in on JPM. Bank of America reduced their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They issued a “buy” rating and a $305.00 price target for the company. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $235.00 to $236.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $262.58.

JPMorgan Chase & Co. Trading Up 0.4%

Shares of JPM traded up $1.18 during midday trading on Tuesday, hitting $266.06. 1,650,723 shares of the stock were exchanged, compared to its average volume of 9,626,443. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52-week low of $190.88 and a 52-week high of $280.25. The firm has a market cap of $739.40 billion, a P/E ratio of 13.47, a P/E/G ratio of 2.83 and a beta of 1.07. The stock has a fifty day simple moving average of $241.45 and a 200 day simple moving average of $247.55.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.44 EPS. On average, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the transaction, the chief executive officer now owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. This represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the sale, the insider now directly owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. This trade represents a 2.42% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,188 shares of company stock worth $33,095,363. 0.47% of the stock is owned by company insiders.

Institutional Trading of JPMorgan Chase & Co.

A number of institutional investors have recently added to or reduced their stakes in JPM. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth $28,000. Redwood Park Advisors LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $29,000. University of Illinois Foundation acquired a new stake in JPMorgan Chase & Co. during the 1st quarter valued at approximately $30,000. Curat Global LLC purchased a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $33,000. Finally, Sellwood Investment Partners LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $34,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile

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.