JPMorgan Chase & Co. (NYSE:JPM) had its price target hoisted by Bank of America from $126.00 to $132.00 in a report issued on Monday. They currently have a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also recently commented on the stock. UBS Group raised shares of JPMorgan Chase & Co. from a hold rating to a buy rating in a report on Thursday, July 19th. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $110.00 to $118.00 and gave the stock a market perform rating in a report on Monday, July 16th. DZ Bank raised shares of JPMorgan Chase & Co. from a hold rating to a buy rating in a report on Thursday, July 19th. Goldman Sachs Group reissued a neutral rating and set a $124.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. Finally, Keefe, Bruyette & Woods reissued a $111.53 rating and set a $127.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, July 18th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $120.75.

NYSE:JPM opened at $113.84 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $389.53 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.86 and a beta of 1.16. JPMorgan Chase & Co. has a 12 month low of $91.85 and a 12 month high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 13th. The financial services provider reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.07. The company had revenue of $27.75 billion for the quarter, compared to analysts’ expectations of $27.62 billion. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. sell-side analysts expect that JPMorgan Chase & Co. will post 9.15 EPS for the current year.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 30,725 shares of the business’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $114.01, for a total transaction of $3,502,957.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.73% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gradient Investments LLC lifted its stake in JPMorgan Chase & Co. by 3.8% in the fourth quarter. Gradient Investments LLC now owns 81,447 shares of the financial services provider’s stock worth $8,710,000 after acquiring an additional 2,945 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in JPMorgan Chase & Co. by 1.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 215,127 shares of the financial services provider’s stock worth $23,006,000 after acquiring an additional 2,987 shares during the last quarter. Sigma Planning Corp lifted its stake in JPMorgan Chase & Co. by 14.0% in the fourth quarter. Sigma Planning Corp now owns 67,647 shares of the financial services provider’s stock worth $7,234,000 after acquiring an additional 8,325 shares during the last quarter. South Texas Money Management Ltd. lifted its stake in JPMorgan Chase & Co. by 9.3% in the fourth quarter. South Texas Money Management Ltd. now owns 6,351 shares of the financial services provider’s stock worth $679,000 after acquiring an additional 543 shares during the last quarter. Finally, Polaris Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 3.0% in the fourth quarter. Polaris Capital Management LLC now owns 524,600 shares of the financial services provider’s stock worth $56,101,000 after acquiring an additional 15,300 shares during the last quarter. Hedge funds and other institutional investors own 70.51% 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, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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