Oppenheimer Increases JPMorgan Chase & Co. (NYSE:JPM) Price Target to $234.00

JPMorgan Chase & Co. (NYSE:JPM) had its price objective increased by stock analysts at Oppenheimer from $221.00 to $234.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s price objective suggests a potential upside of 14.05% from the company’s current price.

A number of other brokerages have also recently weighed in on JPM. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Jefferies Financial Group boosted their target price on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Citigroup boosted their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Finally, Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $212.13.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $205.17 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $225.48. The stock has a 50 day moving average of $211.32 and a two-hundred day moving average of $202.90. The stock has a market cap of $589.18 billion, a P/E ratio of 11.44, a P/E/G ratio of 2.39 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter in the previous year, the business earned $4.37 earnings per share. On average, research analysts forecast that JPMorgan Chase & Co. will post 16.72 earnings per share for the current year.

Institutional Trading of JPMorgan Chase & Co.

Several large investors have recently bought and sold shares of JPM. Per Stirling Capital Management LLC. grew its holdings in JPMorgan Chase & Co. by 7.9% in the fourth quarter. Per Stirling Capital Management LLC. now owns 3,907 shares of the financial services provider’s stock valued at $665,000 after purchasing an additional 286 shares during the last quarter. Exencial Wealth Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 3.4% in the fourth quarter. Exencial Wealth Advisors LLC now owns 29,767 shares of the financial services provider’s stock valued at $5,063,000 after acquiring an additional 978 shares in the last quarter. Pinnacle West Asset Management Inc. lifted its position in shares of JPMorgan Chase & Co. by 6.3% in the fourth quarter. Pinnacle West Asset Management Inc. now owns 15,860 shares of the financial services provider’s stock valued at $2,698,000 after acquiring an additional 945 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of JPMorgan Chase & Co. by 5.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,455,724 shares of the financial services provider’s stock valued at $1,098,119,000 after acquiring an additional 333,322 shares in the last quarter. Finally, Morningstar Investment Services LLC lifted its position in shares of JPMorgan Chase & Co. by 97.8% in the fourth quarter. Morningstar Investment Services LLC now owns 1,214,819 shares of the financial services provider’s stock valued at $206,883,000 after acquiring an additional 600,580 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. 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 deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.