The Goldman Sachs Group Raises JPMorgan Chase & Co. (NYSE:JPM) Price Target to $350.00

JPMorgan Chase & Co. (NYSE:JPM) had its target price lifted by analysts at The Goldman Sachs Group from $336.00 to $350.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 12.94% from the company’s current price.

A number of other equities research analysts also recently issued reports on the company. Royal Bank Of Canada restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, September 11th. Evercore ISI boosted their price target on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday. Morgan Stanley boosted their price target on JPMorgan Chase & Co. from $298.00 to $336.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Zacks Research downgraded JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Finally, TD Cowen boosted their price target on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday. Fifteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $307.70.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $309.89 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $318.01. The business has a 50-day simple moving average of $300.67 and a two-hundred day simple moving average of $274.72. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $852.11 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 2.04 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share 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 business had revenue of $44.91 billion during the quarter, compared to analyst estimates 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. On average, analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insider Activity

In related news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JPM. Brighton Jones LLC lifted its holdings in JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after purchasing an additional 4,841 shares in the last quarter. Curat Global LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $33,000. Procyon Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.6% during the 1st quarter. Procyon Advisors LLC now owns 90,497 shares of the financial services provider’s stock worth $22,199,000 after acquiring an additional 564 shares in the last quarter. MKT Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 3.3% during the 1st quarter. MKT Advisors LLC now owns 2,869 shares of the financial services provider’s stock worth $704,000 after acquiring an additional 91 shares in the last quarter. Finally, Sandbox Financial Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 4.7% during the 1st quarter. Sandbox Financial Partners LLC now owns 5,946 shares of the financial services provider’s stock worth $1,459,000 after acquiring an additional 267 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

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.