JPMorgan Chase & Co. (NYSE:JPM) Given New $172.00 Price Target at The Goldman Sachs Group

Posted by Defense World Staff on Apr 15th, 2023

JPMorgan Chase & Co. (NYSE:JPM) had its price target increased by The Goldman Sachs Group from $160.00 to $172.00 in a research report sent to investors on Friday, The Fly reports.

Other equities analysts have also recently issued research reports about the company. UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a report on Friday, January 13th. Evercore ISI dropped their target price on JPMorgan Chase & Co. from $157.00 to $146.00 and set an outperform rating for the company in a report on Wednesday, April 5th. Oppenheimer dropped their target price on JPMorgan Chase & Co. from $186.00 to $157.00 and set an outperform rating for the company in a report on Thursday, March 23rd. StockNews.com began coverage on JPMorgan Chase & Co. in a report on Thursday, March 16th. They issued a hold rating for the company. Finally, Credit Suisse Group set a $155.00 target price on JPMorgan Chase & Co. in a report on Monday, February 27th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $150.88.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $138.73 on Friday. The stock has a market capitalization of $406.68 billion, a PE ratio of 11.48, a P/E/G ratio of 2.01 and a beta of 1.10. The business has a 50 day simple moving average of $134.94 and a two-hundred day simple moving average of $131.13. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.66. The business had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.63 EPS. On average, research analysts predict that JPMorgan Chase & Co. will post 12.73 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is currently 33.11%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the completion of the sale, the chief executive officer now directly owns 544,136 shares of the company’s stock, valued at approximately $76,336,839.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the completion of the sale, the chief executive officer now directly owns 544,136 shares of the company’s stock, valued at approximately $76,336,839.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total value of $617,267.68. Following the sale, the insider now directly owns 36,369 shares of the company’s stock, valued at $5,103,298.08. The disclosure for this sale can be found here. Insiders sold a total of 37,887 shares of company stock valued at $5,315,762 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Institutional investors and hedge funds have recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P raised its position in shares of JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after acquiring an additional 99,636 shares in the last quarter. BCK Partners Inc. bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth $2,455,000. LSV Asset Management raised its position in shares of JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after acquiring an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC raised its position in shares of JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 3,527 shares in the last quarter. 67.89% of the stock is owned by institutional investors.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.