JPMorgan Chase & Co. (NYSE:JPM) had its price objective cut by Oppenheimer from $227.00 to $219.00 in a research note released on Friday, Marketbeat.com reports. They currently have an outperform rating on the financial services provider’s stock.
A number of other analysts also recently weighed in on the company. Evercore ISI decreased their price objective on JPMorgan Chase & Co. from $155.00 to $151.00 in a report on Friday, May 12th. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $158.00 to $168.00 in a research report on Monday, July 17th. BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a research report on Tuesday, May 2nd. Odeon Capital Group raised shares of JPMorgan Chase & Co. from a hold rating to a buy rating in a research report on Monday, May 1st. Finally, Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $174.00 to $180.00 in a research report on Monday, July 17th. Seven 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.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $165.89.
Check Out Our Latest Analysis on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Up 0.2 %
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.75. The company had revenue of $42.40 billion during the quarter, compared to the consensus estimate of $38.66 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The company’s revenue for the quarter was up 34.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.76 earnings per share. Equities analysts expect that JPMorgan Chase & Co. will post 15.57 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO Jennifer Piepszak sold 1,871 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 12th. The shares were sold at an average price of $140.70, for a total value of $263,249.70. Following the transaction, the chief executive officer now owns 22,926 shares in the company, valued at approximately $3,225,688.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. stock in a transaction on Monday, August 7th. The shares were sold at an average price of $157.16, for a total value of $677,359.60. Following the transaction, the general counsel now owns 57,735 shares in the company, valued at approximately $9,073,632.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jennifer Piepszak sold 1,871 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 12th. The stock was sold at an average price of $140.70, for a total transaction of $263,249.70. Following the completion of the transaction, the chief executive officer now owns 22,926 shares in the company, valued at approximately $3,225,688.20. The disclosure for this sale can be found here. Insiders have sold a total of 13,593 shares of company stock worth $1,992,388 in the last 90 days. 0.79% of the stock is owned by company insiders.
Hedge Funds Weigh In On JPMorgan Chase & Co.
Several hedge funds and other institutional investors have recently modified their holdings of JPM. Adirondack Retirement Specialists Inc. increased its position in shares of JPMorgan Chase & Co. by 510.8% during the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after buying an additional 189 shares during the period. Nordwand Advisors LLC bought a new stake in JPMorgan Chase & Co. during the first quarter worth about $30,000. Boulder Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $43,000. Capital Directions Investment Advisors LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $44,000. Finally, Sageworth Trust Co boosted its stake in JPMorgan Chase & Co. by 266.7% during the first quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 296 shares in the last quarter. Hedge funds and other institutional investors own 70.10% 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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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