JPMorgan Chase & Co. (NYSE:JPM) Price Target Cut to $150.00

JPMorgan Chase & Co. (NYSE:JPM) had its target price decreased by equities researchers at BMO Capital Markets from $154.00 to $150.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. BMO Capital Markets’ target price suggests a potential upside of 18.93% from the stock’s current price.

A number of other brokerages also recently issued reports on JPM. Wells Fargo & Company cut their price target on shares of JPMorgan Chase & Co. from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Monday, April 4th. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating and set a $185.00 target price for the company. in a report on Tuesday, January 4th. Jefferies Financial Group lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and decreased their price target for the stock from $180.00 to $155.00 in a research note on Monday, February 14th. Credit Suisse Group set a $184.00 price objective on JPMorgan Chase & Co. in a research note on Thursday. Finally, StockNews.com started coverage on JPMorgan Chase & Co. in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $164.00.

NYSE JPM opened at $126.12 on Thursday. The stock has a market capitalization of $370.76 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 2.30 and a beta of 1.11. The business’s 50 day moving average is $140.10 and its two-hundred day moving average is $154.24. JPMorgan Chase & Co. has a 12-month low of $125.02 and a 12-month high of $172.96. The company has a current ratio of 0.82, a quick ratio of 0.83 and a debt-to-equity ratio of 1.16.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings results on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.70 by ($0.07). The business had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $30.53 billion. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.50 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 11.06 earnings per share for the current fiscal year.

In related news, CEO Jennifer Piepszak sold 4,668 shares of the company’s stock in a transaction that occurred on Thursday, April 14th. The shares were sold at an average price of $126.19, for a total transaction of $589,054.92. Following the transaction, the chief executive officer now owns 11,135 shares of the company’s stock, valued at $1,405,125.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.79% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Woodward Diversified Capital LLC grew its holdings in JPMorgan Chase & Co. by 0.7% in the 3rd quarter. Woodward Diversified Capital LLC now owns 9,357 shares of the financial services provider’s stock valued at $1,532,000 after buying an additional 62 shares during the period. Pasadena Private Wealth LLC boosted its position in shares of JPMorgan Chase & Co. by 1.0% in the third quarter. Pasadena Private Wealth LLC now owns 6,678 shares of the financial services provider’s stock worth $1,093,000 after acquiring an additional 66 shares during the last quarter. QP Wealth Management LLC grew its holdings in JPMorgan Chase & Co. by 0.9% in the fourth quarter. QP Wealth Management LLC now owns 7,700 shares of the financial services provider’s stock valued at $1,219,000 after purchasing an additional 67 shares during the period. Breiter Capital Management Inc. increased its position in JPMorgan Chase & Co. by 0.6% during the fourth quarter. Breiter Capital Management Inc. now owns 10,844 shares of the financial services provider’s stock worth $1,717,000 after purchasing an additional 67 shares during the last quarter. Finally, Lokken Investment Group LLC raised its stake in JPMorgan Chase & Co. by 4.4% during the third quarter. Lokken Investment Group LLC now owns 1,617 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 68 shares during the period. 69.39% of the stock is currently owned by institutional investors.

About JPMorgan Chase & Co. (Get Rating)

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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

Featured Stories

The Fly logo

Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.