JPMorgan Chase & Co. (NYSE:JPM) PT Set at $130.00 by Royal Bank of Canada

JPMorgan Chase & Co. (NYSE:JPM) received a $130.00 target price from equities researchers at Royal Bank of Canada in a report released on Tuesday, Borsen Zeitung reports. Royal Bank of Canada’s target price suggests a potential upside of 12.17% from the company’s previous close.

Several other research firms have also recently issued reports on JPM. UBS Group decreased their price target on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, July 15th. Jefferies Financial Group decreased their target price on shares of JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating on the stock in a research report on Monday, July 11th. Citigroup raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $145.00 to $135.00 in a research report on Tuesday, July 12th. Credit Suisse Group set a $145.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, August 8th. Finally, Societe Generale raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their target price for the stock from $145.00 to $150.00 in a research report on Tuesday, May 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Trading Up 1.9 %

Shares of NYSE:JPM opened at $115.90 on Tuesday. JPMorgan Chase & Co. has a 52 week low of $106.06 and a 52 week high of $172.96. The company’s 50 day moving average is $115.22 and its two-hundred day moving average is $124.11. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.14. The company has a market cap of $339.89 billion, a PE ratio of 9.30, a P/E/G ratio of 2.01 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.76. The firm had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. JPMorgan Chase & Co.’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.78 EPS. Equities analysts predict that JPMorgan Chase & Co. will post 11.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JPMorgan Chase & Co.

A number of hedge funds have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd boosted its holdings in shares of JPMorgan Chase & Co. by 13,551.6% during the fourth quarter. Qube Research & Technologies Ltd now owns 322,724 shares of the financial services provider’s stock valued at $51,103,000 after acquiring an additional 320,360 shares during the period. American Planning Services Inc. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $289,000. Picton Mahoney Asset Management lifted its holdings in JPMorgan Chase & Co. by 6.2% in the fourth quarter. Picton Mahoney Asset Management now owns 73,110 shares of the financial services provider’s stock worth $11,578,000 after purchasing an additional 4,240 shares during the period. Paradigm Financial Partners LLC lifted its holdings in JPMorgan Chase & Co. by 635.5% in the fourth quarter. Paradigm Financial Partners LLC now owns 229,957 shares of the financial services provider’s stock worth $38,515,000 after purchasing an additional 198,690 shares during the period. Finally, Marble Harbor Investment Counsel LLC lifted its holdings in JPMorgan Chase & Co. by 16.9% in the fourth quarter. Marble Harbor Investment Counsel LLC now owns 7,268 shares of the financial services provider’s stock worth $1,151,000 after purchasing an additional 1,050 shares during the period. Institutional investors and hedge funds own 68.57% of the company’s stock.

About JPMorgan Chase & Co.

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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.

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

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