JPMorgan Chase & Co. (NYSE:JPM) Stock Price Expected to Rise, Robert W. Baird Analyst Says

JPMorgan Chase & Co. (NYSE:JPM) had its price target upped by Robert W. Baird from $220.00 to $235.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Robert W. Baird’s target price suggests a potential downside of 9.99% from the company’s previous close.

Several other analysts also recently weighed in on JPM. UBS Group boosted their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, April 17th. Truist Financial set a $261.00 target price on JPMorgan Chase & Co. in a report on Monday, April 14th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a “buy” rating and a $305.00 target price for the company. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. Finally, Evercore ISI reduced their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $266.20.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $261.09 on Tuesday. The stock has a market cap of $725.60 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The company has a fifty day simple moving average of $242.84 and a 200-day simple moving average of $247.77. JPMorgan Chase & Co. has a 12-month low of $190.88 and a 12-month high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

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 analysts’ consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the prior year, the business posted $4.44 EPS. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Transactions at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 40,014 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the sale, the chief financial officer now directly owns 18,017 shares in the company, valued at $4,518,123.09. This represents a 68.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Stacey Friedman sold 6,608 shares of the company’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the sale, the general counsel now owns 36,520 shares of the company’s stock, valued at $9,703,729.20. This represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,594 shares of company stock valued at $23,991,061 over the last three months. 0.47% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth $28,000. Redwood Park Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth $29,000. University of Illinois Foundation purchased a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $30,000. Curat Global LLC acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at about $33,000. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $34,000. Institutional investors and hedge funds 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.