JPMorgan Chase & Co. (JPM) Given a $96.00 Price Target at Deutsche Bank
JPMorgan Chase & Co. (NYSE:JPM) has been given a $96.00 price objective by analysts at Deutsche Bank in a report issued on Tuesday. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Deutsche Bank’s target price suggests a potential downside of 14.80% from the stock’s current price.
JPM has been the subject of a number of other reports. Vetr downgraded JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price objective for the company. in a research report on Wednesday, January 10th. Credit Suisse Group upgraded JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, January 5th. Vining Sparks restated a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday. Bank of America set a $102.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Oppenheimer restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $102.52.
JPMorgan Chase & Co. (NYSE:JPM) opened at $112.67 on Tuesday. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $112.85. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. The company has a market capitalization of $390,930.00, a PE ratio of 17.66, a price-to-earnings-growth ratio of 2.05 and a beta of 1.22.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. During the same period last year, the company earned $1.71 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. equities research analysts anticipate that JPMorgan Chase & Co. will post 8.25 EPS for the current fiscal year.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the sale, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.88% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. KCS Wealth Advisory acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $778,000. Nadler Financial Group Inc. grew its stake in JPMorgan Chase & Co. by 39.1% in the fourth quarter. Nadler Financial Group Inc. now owns 5,167 shares of the financial services provider’s stock valued at $553,000 after acquiring an additional 1,452 shares during the period. Trellis Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $309,000. Covenant Asset Management LLC boosted its position in shares of JPMorgan Chase & Co. by 6.0% during the fourth quarter. Covenant Asset Management LLC now owns 12,108 shares of the financial services provider’s stock valued at $1,295,000 after buying an additional 680 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 0.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,299,553 shares of the financial services provider’s stock valued at $138,969,000 after buying an additional 11,910 shares during the last quarter. Institutional investors and hedge funds own 73.78% of the company’s stock.
About JPMorgan 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.
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