JPMorgan Chase & Co. (NYSE:JPM) Given Buy Rating at Barclays

JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “buy” rating reiterated by analysts at Barclays in a note issued to investors on Wednesday,MarketScreener reports.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $350.00 to $360.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a report on Monday, December 22nd. Daiwa Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $345.00 to $353.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Wall Street Zen lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Finally, The Goldman Sachs Group boosted their price target on shares of JPMorgan Chase & Co. from $354.00 to $386.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Fifteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $336.32.

JPMorgan Chase & Co. Trading Up 0.5%

JPMorgan Chase & Co. stock traded up $1.45 during midday trading on Wednesday, hitting $309.32. 14,740,119 shares of the stock were exchanged, compared to its average volume of 12,761,427. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $337.25. The stock has a market capitalization of $842.05 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.52 and a beta of 1.07. The stock’s 50-day simple moving average is $315.52 and its 200 day simple moving average is $305.01. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share for the quarter, beating the consensus estimate of $4.93 by $0.30. JPMorgan Chase & Co. had a net margin of 20.35% and a return on equity of 17.16%. The company had revenue of $46.77 billion for the quarter, compared to analyst estimates of $45.98 billion. During the same period in the previous year, the business posted $4.81 EPS. JPMorgan Chase & Co.’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 966 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the sale, the insider owned 58,479 shares in the company, valued at $18,240,769.68. This represents a 1.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC grew its stake in shares of JPMorgan Chase & Co. by 609,867.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider’s stock worth $21,133,630,000 after purchasing an additional 72,885,260 shares in the last quarter. Geode Capital Management LLC lifted its holdings in JPMorgan Chase & Co. by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 61,129,271 shares of the financial services provider’s stock worth $17,646,506,000 after buying an additional 300,160 shares during the last quarter. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $10,295,209,000. Legal & General Group Plc increased its holdings in shares of JPMorgan Chase & Co. by 3.3% in the 3rd quarter. Legal & General Group Plc now owns 18,908,978 shares of the financial services provider’s stock valued at $5,964,459,000 after acquiring an additional 607,025 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 28,813.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 16,785,584 shares of the financial services provider’s stock valued at $4,866,309,000 after acquiring an additional 16,727,530 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about JPMorgan Chase & Co.

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: Q4 results beat consensus (EPS and revenue beats), supporting underlying earnings momentum and revenue growth. JPMorgan Chase (JPM) Stock: Wall Street Dumps Shares Despite Earnings Win
• Positive Sentiment: Wall Street banks pushed record totals in dividends and buybacks, a tailwind for JPM shareholder returns and valuation support. Wall Street Banks Pay Out Record Total in Dividends and Buybacks
• Positive Sentiment: JPMorgan is investing in algo/electronic trading by creating a new quantitative trading and research unit — a move that could boost trading margins over time. JPMorgan Forms New Quant Unit As Electronic Trading Rivalry Intensifies
• Positive Sentiment: An institutional fund (Mn Services) added to its JPM position in the latest 13F filing — a small but constructive sign of demand from a large investor. Fund Update: Mn Services Vermogensbeheer B.V. Just Disclosed New Holdings
• Neutral Sentiment: CEO Jamie Dimon said he plans to stay “at least” five more years — a leadership-stability signal, though his spokesperson called it a joke. JPMorgan CEO Jamie Dimon says he wants to stay in job at least 5 more years
• Neutral Sentiment: Some analysts reiterated Buy ratings and raised targets after the quarter, providing research support that can limit downside. Reiterating JPMorgan Buy: Solid Fundamentals…
• Negative Sentiment: Bank shares initially sold off after earnings — investors punished the sector on valuation concerns and worry that upside was already priced in. That earlier weakness remains a volatility risk. Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem?
• Negative Sentiment: Political risk: proposals to cap credit-card interest rates (widely reported) are a direct overhang on JPM’s card business and were explicitly called out by bank executives as potentially damaging to margins. Under threat from Trump, Wall Street banks wager they can fend off credit card price controls

About JPMorgan Chase & Co.

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.