JPMorgan Chase & Co. (NYSE:JPM) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

JPMorgan Chase & Co. (NYSE:JPM) had its price objective lifted by equities researchers at Keefe, Bruyette & Woods from $257.00 to $264.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 3.97% from the company’s current price.

A number of other analysts have also recently weighed in on the company. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Citigroup boosted their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $246.83.

JPMorgan Chase & Co. Stock Up 0.6 %

Shares of NYSE:JPM traded up $1.56 during midday trading on Thursday, hitting $253.91. 6,988,391 shares of the company’s stock traded hands, compared to its average volume of 10,339,363. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. JPMorgan Chase & Co. has a twelve month low of $165.24 and a twelve month high of $257.04. The company has a market cap of $714.84 billion, a PE ratio of 14.13, a P/E/G ratio of 3.16 and a beta of 1.11. The firm’s fifty day moving average price is $242.60 and its two-hundred day moving average price is $223.51.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.04 earnings per share. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 17.46 EPS for the current fiscal year.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several hedge funds have recently modified their holdings of the stock. Mizuho Securities Co. Ltd. purchased a new position in JPMorgan Chase & Co. during the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth approximately $27,000. Fairway Wealth LLC purchased a new position in JPMorgan Chase & Co. during the second quarter valued at approximately $32,000. West Financial Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $37,000. Finally, New England Capital Financial Advisors LLC increased its stake in JPMorgan Chase & Co. by 38.5% in the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after buying an additional 50 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

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.