JPMorgan Chase & Co. (NYSE:JPM) Price target reduced to $130.00

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JPMorgan Chase & Co. (NYSE: JPM) had its price target lowered by Royal Bank of Canada equity research analysts to $130.00 in a report on Thursday, reports The Fly. Royal Bank of Canada’s price target would suggest a potential upside of 15.10% from the company’s previous close.

A number of other analysts have also recently released reports on the stock. Jefferies Financial Group lowered its price target on JPMorgan Chase & Co. shares from $137.00 to $126.00 and set a “holding” rating for the company in a Monday, July 11 report. Credit Suisse Group set a price target of $160.00 on JPMorgan Chase & Co. shares in a report released Tuesday. Morgan Stanley cut its price target on JPMorgan Chase & Co. shares from $149.00 to $127.00 and set an “underweight” rating for the company in a research report Tuesday. Argus cut its price target on JPMorgan Chase & Co. shares from $177.00 to $155.00 in a Thursday, April 14 research report. Finally, UBS Group set a target price of $134.00 on JPMorgan Chase & Co. shares in a research report on Thursday. One research analyst rated the stock with a sell rating, seven gave the company a hold rating and nine gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $143.95.

JPMorgan Chase & Co. stock performance

Shares of JPM opened at $112.95 on Thursday. The company has a 50-day moving average of $119.34 and a 200-day moving average of $134.51. The company has a market capitalization of $331.74 billion, a P/E ratio of 8.38, a P/E/G ratio of 1.99 and a beta of 1.15. The company has a debt ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.82. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released quarterly earnings data on Thursday, July 14. The financial services provider reported earnings per share (EPS) of $2.76 for the quarter, meeting analyst consensus estimates of $2.76. JPMorgan Chase & Co. posted a net margin of 33.61% and a return on equity of 16.58%. The company posted revenue of $30.72 billion in the quarter, versus a consensus estimate of $31.82 billion. In the same quarter last year, the company posted earnings per share of $3.78. The company’s quarterly revenue increased 0.8% from the same quarter last year. Equity research analysts expect JPMorgan Chase & Co. to post EPS of 11.37 for the current fiscal year.

Insider activity at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 21,012 shares of the company in a trade that took place on Tuesday, April 19. The shares were sold at an average price of $130.04, for a total value of $2,732,400.48. Following the sale, the insider now directly owns 178,588 shares of the company, valued at $23,223,583.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. 0.79% of the shares are currently held by insiders.

Institutional entries and exits

Major investors have recently changed their positions in the company. Dravo Bay LLC bought a new stock position in JPMorgan Chase & Co. during the first quarter worth about $26,000. Carolina Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. shares by 176.5% during the fourth quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider worth $37,000 after acquiring 150 additional shares in the last quarter. Advanced Research Investment Solutions LLC increased its stake in JPMorgan Chase & Co. shares by 118.2% during the first quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider worth $39,000 after acquiring 156 additional shares in the last quarter. Activest Wealth Management increased its equity stake in JPMorgan Chase & Co. by 284.0% during the second quarter. Activest Wealth Management now owns 361 shares of the financial services provider worth $41,000 after acquiring 267 additional shares in the last quarter. Finally, Swaine & Leidel Wealth Services LLC purchased a new position in JPMorgan Chase & Co. stock during the first quarter worth approximately $44,000. 70.35% of the shares are held by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co operates as a worldwide financial services company. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB) and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments and consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

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