The equity research analysts at Oppenheimer lowered their target price for JPMorgan Chase & Co. (NYSE: JPM) in a report that was issued on Wednesday, according to the reporting of The Fly. The revised price objective is set at $169.00. Previously, it was priced at $174.00. There is a likelihood that Oppenheimer’s target price for the company will rise by 28.28% in comparison to the price at which the company is currently trading.
Recent times have seen the publication of reports on JPMorgan Chase written by other people involved in equity research. Goldman Sachs Group assigned a “buy” rating to the company in a research note published on October 4. However, the firm lowered its price target on JPMorgan Chase & Co. from $133.00 to $130.00 during the same period. A “buy” recommendation was also included in the report for the company. In a research report published on Tuesday, December 6, Morgan Stanley raised its price target on JPMorgan Chase & Co. from $126.00 to $153.00 and upgraded the stock from an “underweight” rating to an “overweight” rating. The Credit Suisse Group recommended in a research study released on November 8 that JPMorgan Chase & Co. shareholders should aim for a price of $145.00 per share as a target price for the company’s stock. UBS Group released a research note on JPMorgan Chase & Co. shares on October 18. In the note, they projected a price objective of $124.00 for the company and published the note on the same day. The Royal Bank of Canada projected that the share price of JPMorgan Chase & Co. would reach $130.00 in a research report that was released on October 17. The stock was rated “hold” by seven of the eleven equity research professionals surveyed, while a rating of “buy” was given by the remaining eleven. The data provided by Bloomberg indicates that the stock is currently rated as having a “Moderate Buy” average rating and that the average price target for the stock is $146.42 per share.
When trading started on Wednesday, one JPMorgan stock sold for $131.74 per share, the stock has a market value of $386.42 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 2.25, and a beta coefficient of 1.15. The debt-to-equity ratio comes in at 1.13, the current ratio comes in at 0.84, and the quick ratio comes in at 0.84. The stock price is estimated to be $119.93 based on the simple moving average of the previous 200 days; however, the price is estimated to be $130.79 based on the simple moving average of the most recent 50 days. The stock price of JPMorgan Chase & Co. has reached a yearly low of $101.28 and a yearly high of the same value over the past year.
On Friday, October 14, the most recent quarterly earnings report for JPMorgan Chase & Co. (NYSE: JPM) was released to the public. The company that provides financial services reported earnings per share for the quarter that came in at $3.12, which was $0.16 higher than the average prediction of $2.96. Observers of the market predicted that the company would bring in $31.88 billion in sales during the quarter, but it brought in $32.72 billion instead of meeting those projections. JPMorgan Chase & Co. had a return on equity of 14.52 percent and a net margin of 26.85 percent; these figures represent the company’s performance. When compared to the same period of the previous fiscal year, the revenue for the current quarter saw a 10.4% increase. The company generated earnings of $3.74 per share during the same period in the prior year’s operations. Research analysts anticipate that JPMorgan Chase & Co. will generate 11.69 cents per share during the fiscal year.
A further piece of information is that on October 26, Vice Chairman Peter Scher sold 1,310 shares of company stock. This transaction took place at the beginning of this month. On average, $125.02 was paid for each share during the sale of these shares, which brought in a total of $163,776.20 in revenue. Following the conclusion of the transaction, the company insider will have 34,973 shares, each of which has a current market value of $4,372,324.46. One can find a copy of the case file in which the transaction was disclosed on the Securities and Exchange Commission (SEC) website. The file contains information about the transaction. Peter Scher, vice chairman of JPMorgan Chase & Co., sold 1,310 shares on Wednesday, October 26. This information about the company was reportedly included in other recent news. On average, $125.02 was paid for each share during the sale of these shares, which brought in a total of $163,776.20 in revenue. Following the conclusion of the transaction, the company insider will have 34,973 shares, each of which has a current market value of $4,372,324.46. Clicking on the link provided in the previous sentence will take you to a page where you can read the legal documents sent to the Securities and Exchange Commission regarding the transaction.
On top of that, company insider Robin Leopold sold 2,000 shares of the company’s stock on Wednesday, October 26. The total cost of purchasing all of the shares was $250,140.00, and the price at which buyers were willing to part with their money on average was $125.07. As a direct result of the transaction, the insider was able to purchase 19,031 company shares with a combined value of approximately $2,380,207.17. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company have sold 41,964 stock over the most recent ninety days, bringing in total revenue of $4,936,426 due to these sales. Insiders, including employees and other company members, own 0.79% of the business.
The company’s stock has been the subject of recent transactions involving purchases and sales by several institutional investors. These dealings have only just been completed. Grayhawk Investment Strategies Inc. purchased approximately 32 thousand dollars worth of shares of JPMorgan Chase & Co. during the second quarter of the fiscal year. In addition, HBC Financial Services PLLC increased the proportion of JPMorgan Chase & Co. stock owned by 61.2% over the second quarter. HBC Financial Services PLLC has a total of 237 shares of the financial services provider’s stock following the purchase of an additional 90 shares during the most recent quarter. The stock has a value of $27,000, and HBC Financial Services PLLC now holds 237 shares. In the second quarter, Financial Connections Group Inc. brought the total number of JPMorgan Chase & Co. shares it owned to a level that was 48.5% higher than before. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock, valued at $34,000, after purchasing an additional 100 shares during the most recent quarter. This brings the company’s total number of shares to a cumulative total of 306. Horizons Wealth Management is responsible for managing a portfolio that includes approximately $39,000 invested in JPMorgan Chase & Co. during the second quarter of 2018. This brings us to our final and most important point, which is that New Millennium Group LLC shelled out almost $39,000 during the second quarter to acquire a new position in JPMorgan Chase & Co. Because of their ownership of the company’s common shares, institutional investors control 67.89% of the company’s voting power.
JPMorgan Chase & Co. is widely regarded as the preeminent supplier of financial services on a continental and international scale. Consumer and Community Banking (CCB), Corporate and Investment Banking (CCB), Commercial Banking (CB), and Asset and Wealth Management (AWM) are its four operating segments. Consumer and Community Banking (CCB), Corporate and Investment Banking (CIB), Commercial Banking (CB), and Asset and Wealth Management (AWM) are its four operating segments B), Corporate and Investment Banking (CIB), Commercial Banking (CB), and Asset and Wealth Management (AWM) are its four operating segments. Consumer and Community Banking (CCB), Corporate and Investment Banking (CCB), Commercial Banking (CB), and Asset and Wealth Management (AWM) are its four operating segments. Consumers can obtain credit cards, vehicle loans, leasing options, and a variety of other deposit, investment, and lending products, as well as payments and services, from the CCB industry. In addition, the CCB industry offers small businesses solutions for lending, depositing funds, managing their cash flow, and making payments. In addition, it participates in the processes of both the origination and servicing of mortgages.