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

JPMorgan Chase & Co. (NYSE:JPM) had its price target hoisted by research analysts at Piper Sandler from $260.00 to $295.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price target would indicate a potential upside of 10.71% from the stock’s previous close.

Several other equities analysts have also recently weighed in on JPM. TD Cowen assumed coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a “buy” rating and a $305.00 price objective on the stock. Robert W. Baird boosted their target price on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday. Cowen began coverage on JPMorgan Chase & Co. in a research report on Wednesday, May 14th. They set a “buy” rating for the company. Baird R W raised JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, UBS Group raised their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.63.

JPMorgan Chase & Co. Stock Up 0.6%

JPM stock traded up $1.57 during midday trading on Tuesday, reaching $266.45. 1,877,567 shares of the company’s stock traded hands, compared to its average volume of 9,627,180. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The firm’s fifty day moving average price is $241.45 and its 200-day moving average price is $247.55. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25. The company has a market cap of $740.50 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 2.83 and a beta of 1.07.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.44 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the transaction, the chief executive officer now owns 133,381 shares in the company, valued at approximately $32,947,774.62. The trade was a 15.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the sale, the insider now owns 50,377 shares of the company’s stock, valued at $13,606,323.93. The trade was a 2.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,188 shares of company stock worth $33,095,363 over the last ninety days. 0.47% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $28,000. Redwood Park Advisors LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $29,000. University of Illinois Foundation purchased a new position in JPMorgan Chase & Co. during the 1st quarter valued at $30,000. Curat Global LLC purchased a new position in JPMorgan Chase & Co. during the 1st quarter valued at $33,000. Finally, Sellwood Investment Partners LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter worth $34,000. 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.