JPMorgan Chase & Co. (NYSE:JPM) Upgraded at Wolfe Research

JPMorgan Chase & Co. (NYSE:JPM) was upgraded by equities researchers at Wolfe Research from a “peer perform” rating to an “outperform” rating in a report issued on Friday, MarketBeat Ratings reports. The firm presently has a $269.00 price target on the financial services provider’s stock. Wolfe Research’s target price indicates a potential upside of 10.57% from the stock’s current price.

Several other equities analysts have also commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a report on Tuesday, December 3rd. Barclays lifted 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. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Finally, Evercore ISI boosted their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $239.88.

JPMorgan Chase & Co. Stock Up 1.4 %

NYSE JPM opened at $243.28 on Friday. The company has a market cap of $684.92 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 1-year low of $164.30 and a 1-year high of $254.31. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The company has a 50 day moving average of $239.74 and a 200-day moving average of $220.99.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. The firm had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.33 EPS. On average, equities research analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of institutional investors have recently added to or reduced their stakes in JPM. Eagle Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock valued at $4,423,000 after buying an additional 84 shares during the period. Van ECK Associates Corp bought a new position in JPMorgan Chase & Co. during the 2nd quarter worth approximately $636,000. Investment Advisory Group LLC lifted its position in shares of JPMorgan Chase & Co. by 23.7% in the 2nd quarter. Investment Advisory Group LLC now owns 4,677 shares of the financial services provider’s stock worth $946,000 after purchasing an additional 897 shares during the period. nVerses Capital LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $40,000. Finally, Nilsine Partners LLC increased its position in shares of JPMorgan Chase & Co. by 0.3% during the second quarter. Nilsine Partners LLC now owns 31,763 shares of the financial services provider’s stock worth $6,424,000 after buying an additional 98 shares during the period. 71.55% of the stock is owned by 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.