JPMorgan Chase & Co. (NYSE:JPM) Given a $160.00 Price Target at Credit Suisse Group

JPMorgan Chase & Co. (NYSE:JPM) has been assigned a $160.00 target price by investment analysts at Credit Suisse Group in a research note issued on Wednesday, Borsen Zeitung reports. Credit Suisse Group’s price target suggests a potential upside of 26.62% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group upped their target price on shares of JPMorgan Chase & Co. from $125.00 to $137.00 in a research report on Tuesday. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $147.00 price target on the stock in a report on Monday, March 21st. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 14th. Oppenheimer upgraded shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $167.00 price target on the stock in a report on Tuesday, May 3rd. Finally, Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $145.00 to $150.00 and gave the company an “equal weight” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and an average target price of $161.05.

Shares of NYSE JPM opened at $126.36 on Wednesday. The firm’s 50-day moving average price is $129.05 and its 200-day moving average price is $145.63. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $371.13 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 2.15 and a beta of 1.12. JPMorgan Chase & Co. has a 12-month low of $115.02 and a 12-month high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its earnings results on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.10). The business had revenue of $30.72 billion for 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 in the prior year, the company posted $4.50 earnings per share. On average, equities analysts predict that JPMorgan Chase & Co. will post 11.01 EPS for the current fiscal year.

In other 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 value of $589,054.92. Following the completion of the sale, the chief executive officer now owns 11,135 shares of the company’s stock, valued at approximately $1,405,125.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ashley Bacon sold 21,012 shares of the company’s stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the completion of the sale, the insider now directly owns 178,588 shares of the company’s stock, valued at approximately $23,223,583.52. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of JPM. Eagle Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.6% in the second quarter. Eagle Capital Management LLC now owns 25,176 shares of the financial services provider’s stock worth $3,916,000 after buying an additional 406 shares during the last quarter. Morgan Stanley raised its holdings in shares of JPMorgan Chase & Co. by 1.4% in the second quarter. Morgan Stanley now owns 38,288,577 shares of the financial services provider’s stock worth $5,955,407,000 after buying an additional 510,298 shares during the last quarter. Keudell Morrison Wealth Management raised its holdings in shares of JPMorgan Chase & Co. by 2.3% in the third quarter. Keudell Morrison Wealth Management now owns 12,253 shares of the financial services provider’s stock worth $2,006,000 after buying an additional 270 shares during the last quarter. Center for Financial Planning Inc. raised its holdings in shares of JPMorgan Chase & Co. by 1.7% in the third quarter. Center for Financial Planning Inc. now owns 17,289 shares of the financial services provider’s stock worth $2,830,000 after buying an additional 285 shares during the last quarter. Finally, New World Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 15.1% in the third quarter. New World Advisors LLC now owns 1,886 shares of the financial services provider’s stock worth $324,000 after buying an additional 248 shares during the last quarter. 70.35% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Company Profile (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.

Further Reading

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

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