Barclays Increases JPMorgan Chase & Co. (NYSE:JPM) Price Target to $257.00

JPMorgan Chase & Co. (NYSE:JPM) had its target price upped by stock analysts at Barclays from $217.00 to $257.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 15.56% from the company’s current price.

Several other research analysts have also issued reports on JPM. BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Jefferies Financial Group lifted their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Royal Bank of Canada increased their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday. Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. Finally, Oppenheimer upped their price objective on shares of JPMorgan Chase & Co. from $221.00 to $234.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $217.94.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $222.39 on Monday. The stock’s 50-day moving average is $212.76 and its 200-day moving average is $204.04. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.48. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The stock has a market cap of $638.63 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. The firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.33 EPS. Equities research analysts anticipate that JPMorgan Chase & Co. will post 16.75 earnings per share for the current year.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of hedge funds have recently added to or reduced their stakes in JPM. CCG Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 10.9% during the third quarter. CCG Wealth Management LLC now owns 1,395 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 137 shares during the period. Bourne Lent Asset Management Inc. grew its position in JPMorgan Chase & Co. by 3.3% in the 3rd quarter. Bourne Lent Asset Management Inc. now owns 1,550 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 50 shares during the period. Braun Bostich & Associates Inc. increased its stake in JPMorgan Chase & Co. by 1.4% during the 3rd quarter. Braun Bostich & Associates Inc. now owns 3,530 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 48 shares in the last quarter. EdgeRock Capital LLC raised its holdings in JPMorgan Chase & Co. by 5.0% during the third quarter. EdgeRock Capital LLC now owns 2,979 shares of the financial services provider’s stock worth $628,000 after buying an additional 142 shares during the last quarter. Finally, ERn Financial LLC lifted its stake in shares of JPMorgan Chase & Co. by 4.1% in the third quarter. ERn Financial LLC now owns 6,546 shares of the financial services provider’s stock valued at $1,380,000 after buying an additional 258 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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.