BMO Capital Markets Reaffirms Hold Rating for J P Morgan Chase & Co (JPM)
BMO Capital Markets reiterated their hold rating on shares of J P Morgan Chase & Co (NYSE:JPM) in a report issued on Friday. BMO Capital Markets currently has a $86.00 price target on the financial services provider’s stock.
Several other research firms have also issued reports on JPM. Buckingham Research restated a neutral rating and issued a $100.00 price target (up from $94.00) on shares of J P Morgan Chase & Co in a research report on Monday, July 10th. Bank of America Corporation restated an outperform rating and issued a $99.00 price target on shares of J P Morgan Chase & Co in a research report on Wednesday, June 21st. Keefe, Bruyette & Woods set a $96.00 price target on shares of J P Morgan Chase & Co and gave the stock a hold rating in a research report on Saturday, August 19th. Goldman Sachs Group, Inc. (The) restated a neutral rating and issued a $93.00 price target on shares of J P Morgan Chase & Co in a research report on Thursday, July 6th. Finally, Oppenheimer Holdings, Inc. restated a market perform rating on shares of J P Morgan Chase & Co in a research report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $85.72.
Shares of J P Morgan Chase & Co (NYSE JPM) opened at 91.89 on Friday. The firm has a 50-day moving average price of $92.15 and a 200-day moving average price of $88.91. J P Morgan Chase & Co has a 1-year low of $65.11 and a 1-year high of $95.22. The firm has a market capitalization of $323.31 billion, a PE ratio of 13.56 and a beta of 1.19.
J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.23. The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $1.55 EPS. On average, analysts forecast that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.
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In related news, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 9,968 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $90.55, for a total transaction of $902,602.40. Following the sale, the general counsel now directly owns 10,527 shares of the company’s stock, valued at $953,219.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,564 shares of company stock valued at $2,605,334. 0.88% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the company. Private Vista LLC acquired a new stake in J P Morgan Chase & Co during the second quarter worth $102,000. Pacific Center for Financial Services acquired a new stake in J P Morgan Chase & Co during the fourth quarter worth $106,000. Thomas J. Herzfeld Advisors Inc. acquired a new stake in J P Morgan Chase & Co during the fourth quarter worth $125,000. Tortoise Investment Management LLC increased its stake in J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,283 shares during the period. Finally, Atlantic Trust LLC acquired a new stake in J P Morgan Chase & Co during the second quarter worth $136,000. 78.01% of the stock is owned by institutional investors and hedge funds.
J P Morgan Chase & Co Company Profile
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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