Wells Fargo & Company Increases JPMorgan Chase & Co. (NYSE:JPM) Price Target to $325.00

JPMorgan Chase & Co. (NYSE:JPM) had its target price lifted by research analysts at Wells Fargo & Company from $320.00 to $325.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 12.11% from the company’s previous close.

Other research analysts have also issued research reports about the company. Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Friday, June 27th. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday. Morgan Stanley boosted their price target on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an “equal weight” rating in a report on Wednesday. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday. Finally, KGI Securities began coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $288.68.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $289.89 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $296.40. The stock has a 50 day moving average of $273.91 and a 200-day moving average of $257.56. The company has a market capitalization of $805.64 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.59 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The company had revenue of $44.91 billion during the quarter, compared to analysts’ expectations of $43.76 billion. During the same quarter in the previous year, the firm earned $6.12 EPS. JPMorgan Chase & Co.’s revenue was down 10.5% on a year-over-year basis. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Activity at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 40,014 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the transaction, the chief financial officer directly owned 18,017 shares of the company’s stock, valued at $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the transaction, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,200 shares of company stock worth $18,060,015. 0.47% of the stock is owned by company insiders.

Institutional Trading of JPMorgan Chase & Co.

A number of large investors have recently bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. acquired a new stake in JPMorgan Chase & Co. during the first quarter worth about $28,000. Redwood Park Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $29,000. University of Illinois Foundation purchased a new stake in JPMorgan Chase & Co. in the 1st quarter valued at $30,000. Curat Global LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at $33,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $34,000. 71.55% of the stock is owned by institutional investors.

About JPMorgan Chase & Co.

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.