Keefe, Bruyette & Woods Raises JPMorgan Chase & Co. (NYSE:JPM) Price Target to $254.00

JPMorgan Chase & Co. (NYSE:JPM) had its price target upped by equities researchers at Keefe, Bruyette & Woods from $216.00 to $254.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 4.35% from the stock’s current price.

Several other brokerages also recently issued reports on JPM. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Evercore ISI upped their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective on the stock. in a research note on Thursday, November 7th. Daiwa Capital Markets cut their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $234.81.

JPMorgan Chase & Co. Trading Down 0.6 %

NYSE JPM opened at $243.42 on Tuesday. The stock has a market capitalization of $685.31 billion, a P/E ratio of 13.55, a P/E/G ratio of 3.57 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $156.00 and a 52-week high of $254.31. The firm has a 50-day moving average price of $229.23 and a 200 day moving average price of $214.57. 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. (NYSE:JPM) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same period in the prior year, the business posted $4.33 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of large investors have recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas acquired a new position in JPMorgan Chase & Co. during the 3rd quarter worth $6,031,000. Inspire Trust Co. N.A. grew its holdings in JPMorgan Chase & Co. by 12.8% during the 3rd quarter. Inspire Trust Co. N.A. now owns 19,309 shares of the financial services provider’s stock worth $4,071,000 after acquiring an additional 2,192 shares in the last quarter. Old North State Trust LLC grew its holdings in JPMorgan Chase & Co. by 3.0% during the 3rd quarter. Old North State Trust LLC now owns 4,017 shares of the financial services provider’s stock worth $847,000 after acquiring an additional 117 shares in the last quarter. Franklin Resources Inc. grew its holdings in JPMorgan Chase & Co. by 7.2% during the 3rd quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider’s stock worth $3,338,955,000 after acquiring an additional 1,016,289 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings in shares of JPMorgan Chase & Co. by 57.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 363,152 shares of the financial services provider’s stock valued at $76,574,000 after buying an additional 132,987 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

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.