Piper Sandler Increases JPMorgan Chase & Co. (NYSE:JPM) Price Target to $295.00

JPMorgan Chase & Co. (NYSE:JPM) had its price objective boosted by equities researchers at Piper Sandler from $260.00 to $295.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price target indicates a potential upside of 12.99% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. 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 price target for the company. Baird R W upgraded 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 note on Wednesday, May 14th. Finally, Robert W. Baird lifted their price target on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday. Eleven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $266.20.

JPMorgan Chase & Co. Trading Down 1.7%

NYSE JPM opened at $261.09 on Tuesday. The firm has a 50 day simple moving average of $242.84 and a 200-day simple moving average of $247.77. 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. has a one year low of $190.88 and a one year high of $280.25. The firm has a market cap of $725.60 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 2.83 and a beta of 1.07.

JPMorgan Chase & Co. (NYSE:JPM) last posted 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 analyst estimates of $43.62 billion. During the same quarter last year, the firm posted $4.44 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Activity

In other news, General Counsel Stacey Friedman sold 2,821 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $749,567.91. Following the transaction, the general counsel now directly owns 68,757 shares of the company’s stock, valued at $18,269,422.47. The trade was a 3.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the transaction, the insider now directly owns 49,127 shares in the company, valued at $12,130,438.84. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 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 company insiders.

Hedge Funds Weigh In On JPMorgan Chase & Co.

A number of institutional investors have recently modified their holdings of JPM. JPMorgan Chase & Co. increased its holdings in shares of JPMorgan Chase & Co. by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider’s stock valued at $938,491,000 after acquiring an additional 319,730 shares during the period. Regent Peak Wealth Advisors LLC increased its stake 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 period. Capital & Planning LLC increased its stake in JPMorgan Chase & Co. by 13.3% in the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider’s stock valued at $565,000 after buying an additional 276 shares during the period. Trust Co of Kansas acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $215,000. Finally, Arkadios Wealth Advisors increased its stake in JPMorgan Chase & Co. by 6.1% in the 4th quarter. Arkadios Wealth Advisors now owns 85,609 shares of the financial services provider’s stock valued at $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.