J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group LLC in a research report issued to clients and investors on Friday. They currently have a $102.00 target price on the financial services provider’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 11.33% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. BidaskClub upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Deutsche Bank AG reiterated a “buy” rating on shares of J P Morgan Chase & Co in a research report on Monday, July 3rd. Vetr lowered J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 target price on the stock. in a research report on Monday, June 12th. Bank of America Corporation reiterated a “buy” rating and issued a $99.00 target price on shares of J P Morgan Chase & Co in a research report on Monday, July 17th. Finally, Zacks Investment Research upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $85.84.

J P Morgan Chase & Co (JPM) opened at 91.62 on Friday. The stock has a market cap of $322.36 billion, a P/E ratio of 13.52 and a beta of 1.19. J P Morgan Chase & Co has a 12-month low of $65.11 and a 12-month high of $95.22. The company has a 50 day moving average of $91.54 and a 200-day moving average of $89.03.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. The firm had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. J P Morgan Chase & Co’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 earnings per share. Equities analysts forecast that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Jefferies Group LLC Reiterates “Buy” Rating for J P Morgan Chase & Co (JPM)” was published by Daily Political and is owned by of Daily Political. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2017/09/16/jefferies-group-llc-reiterates-buy-rating-for-j-p-morgan-chase-co-jpm.html.

In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 9,968 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $90.55, for a total value of $902,602.40. Following the completion of the sale, the general counsel now directly owns 10,527 shares of the company’s stock, valued at $953,219.85. The disclosure for this sale can be found here. Insiders sold a total of 28,564 shares of company stock valued at $2,605,334 over the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of J P Morgan Chase & Co in the 1st quarter worth $1,367,000. Stillwater Investment Management LLC increased its stake in shares of J P Morgan Chase & Co by 2.3% in the 1st quarter. Stillwater Investment Management LLC now owns 37,725 shares of the financial services provider’s stock worth $3,314,000 after acquiring an additional 852 shares during the last quarter. Gillespie Robinson & Grimm Inc. increased its stake in shares of J P Morgan Chase & Co by 10.4% in the 1st quarter. Gillespie Robinson & Grimm Inc. now owns 95,957 shares of the financial services provider’s stock worth $8,429,000 after acquiring an additional 9,020 shares during the last quarter. Gradient Investments LLC increased its stake in shares of J P Morgan Chase & Co by 9.1% in the 2nd quarter. Gradient Investments LLC now owns 75,929 shares of the financial services provider’s stock worth $6,940,000 after acquiring an additional 6,365 shares during the last quarter. Finally, Thomaspartners Inc. increased its stake in shares of J P Morgan Chase & Co by 2.8% in the 1st quarter. Thomaspartners Inc. now owns 2,572,428 shares of the financial services provider’s stock worth $225,962,000 after acquiring an additional 70,882 shares during the last quarter. 78.02% of the stock is owned by institutional investors and hedge funds.

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)

Receive News & Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related companies with MarketBeat.com's FREE daily email newsletter.