JPMorgan Chase & Co.’s (JPM) Overweight Rating Reaffirmed at Piper Sandler

JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “overweight” rating reiterated by stock analysts at Piper Sandler in a report issued on Tuesday, Marketbeat Ratings reports. They presently have a $295.00 price target on the financial services provider’s stock, up from their prior price target of $260.00. Piper Sandler’s price objective suggests a potential upside of 13.24% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. KGI Securities started coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a “hold” rating for the company. Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Truist Financial set a $261.00 price objective on JPMorgan Chase & Co. in a research report on Monday, April 14th. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $235.00 to $236.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Evercore ISI decreased their target price on 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $266.20.

JPMorgan Chase & Co. Stock Down 0.2%

Shares of NYSE JPM opened at $260.50 on Tuesday. The stock has a market cap of $723.95 billion, a PE ratio of 13.20, a PEG ratio of 2.83 and a beta of 1.07. The business has a fifty day moving average of $243.37 and a two-hundred day moving average of $248.05. JPMorgan Chase & Co. has a 52-week low of $190.88 and a 52-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 results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (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 during the quarter, compared to analysts’ expectations of $43.62 billion. During the same period in the previous year, the business posted $4.44 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the sale, the chief executive officer now directly owns 133,381 shares of the company’s stock, valued at approximately $32,947,774.62. This represents a 15.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction on 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 directly owns 36,520 shares in the company, valued at approximately $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,594 shares of company stock valued at $23,991,061 in the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

Institutional Trading of JPMorgan Chase & Co.

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in 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 valued at $938,491,000 after buying an additional 319,730 shares in the last quarter. Regent Peak Wealth Advisors LLC raised its holdings in JPMorgan Chase & Co. by 2.3% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 6,517 shares of the financial services provider’s stock valued at $1,562,000 after buying an additional 148 shares during the last quarter. Capital & Planning LLC boosted its position in JPMorgan Chase & Co. by 13.3% during the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider’s stock worth $565,000 after buying an additional 276 shares during the period. Trust Co of Kansas acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $215,000. Finally, Arkadios Wealth Advisors boosted its position in JPMorgan Chase & Co. by 6.1% during the 4th quarter. Arkadios Wealth Advisors now owns 85,609 shares of the financial services provider’s stock worth $20,521,000 after buying an additional 4,928 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

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.