JPMorgan Chase & Co. (NYSE:JPM) Coverage Initiated at TD Cowen

Equities researchers at TD Cowen began coverage on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research note issued on Thursday, Marketbeat.com reports. The brokerage set a “buy” rating and a $305.00 price target on the financial services provider’s stock. TD Cowen’s price objective points to a potential upside of 13.95% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. Evercore ISI decreased their price target on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their price target for the company from $215.00 to $220.00 in a report on Friday, March 7th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $258.26.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $267.65 on Thursday. The firm has a market cap of $743.83 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 2.83 and a beta of 1.07. The firm has a fifty day moving average price of $240.72 and a 200 day moving average price of $246.92. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the prior year, the firm earned $4.44 EPS. The business’s revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the sale, the chief executive officer now owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. The trade was a 19.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the sale, the insider now owns 49,127 shares in the company, valued at approximately $12,130,438.84. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,188 shares of company stock worth $33,095,363 in the last ninety days. 0.47% of the stock is owned by insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Chase & Co. by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider’s stock worth $938,491,000 after buying an additional 319,730 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 2.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 6,517 shares of the financial services provider’s stock valued at $1,562,000 after acquiring an additional 148 shares during the period. RMR Wealth Builders boosted its position in JPMorgan Chase & Co. by 4.4% in the 4th quarter. RMR Wealth Builders now owns 33,057 shares of the financial services provider’s stock worth $7,924,000 after purchasing an additional 1,382 shares in the last quarter. Tuttle Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 34.5% during the 4th quarter. Tuttle Capital Management LLC now owns 1,996 shares of the financial services provider’s stock worth $478,000 after purchasing an additional 512 shares during the period. Finally, McNaughton Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 0.9% in the fourth quarter. McNaughton Wealth Management LLC now owns 6,014 shares of the financial services provider’s stock valued at $1,442,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.