JPMorgan Chase & Co. (NYSE:JPM) Price Target Raised to $304.00

JPMorgan Chase & Co. (NYSE:JPM) had its price target hoisted by investment analysts at Barclays from $257.00 to $304.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective would suggest a potential upside of 25.07% from the company’s current price.

A number of other research firms have also recently commented on JPM. Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a report on Thursday, November 7th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a research note on Tuesday, December 3rd. Piper Sandler lifted their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus target price of $242.81.

JPMorgan Chase & Co. Stock Up 0.4 %

Shares of JPM traded up $1.03 on Monday, hitting $243.06. The company’s stock had a trading volume of 5,089,587 shares, compared to its average volume of 7,817,471. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a fifty-two week low of $164.30 and a fifty-two week high of $254.31. The firm’s fifty day moving average price is $239.74 and its 200-day moving average price is $221.33. The firm has a market capitalization of $684.30 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. JPMorgan Chase & Co.’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $4.33 EPS. On average, equities research analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

Institutional Trading of JPMorgan Chase & Co.

A number of hedge funds have recently bought and sold shares of JPM. Eagle Capital Management LLC increased its stake in JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock valued at $4,423,000 after purchasing an additional 84 shares in the last quarter. Van ECK Associates Corp purchased a new position in JPMorgan Chase & Co. in the 2nd quarter worth $636,000. Fiera Capital Corp lifted its position in JPMorgan Chase & Co. by 1.7% during the 2nd quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after acquiring an additional 63 shares during the period. Adell Harriman & Carpenter Inc. grew its stake in JPMorgan Chase & Co. by 2.5% during the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 115,124 shares of the financial services provider’s stock valued at $23,285,000 after purchasing an additional 2,857 shares during the last quarter. Finally, Evermay Wealth Management LLC grew its stake in JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Evermay Wealth Management LLC now owns 21,225 shares of the financial services provider’s stock valued at $4,293,000 after purchasing an additional 320 shares during the last quarter. Hedge funds and other institutional investors own 71.55% 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 (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.