(NYSE:JPM) Target Price Means Stock Is Worth $89.21
- Author: Joanne Flowers Feb 15, 2017,
Feb 15, 2017, 0:01
They now have $91.20 price target on the financial services provider's stock. (NYSE:JPM) recently. The rating firm issued a Mkt Perform rating to this company in a research note released on Jan 17, 2017. JPMorgan Chase & Co. was Resumed by UBS on Jan 11, 2017 to Buy, Price Target of the shares are set at $98.Company shares were Reiterated by Barclays on Jan 3, 2017 to Overweight, Raises Price Target to $ 100 from a previous price target of $79. (NYSE:JPM) share price Jumped 1.32% to reach $88.15 during the last trading session. Vetr upgraded shares of J P Morgan Chase & Co from a "hold" rating to a "buy" rating and set a $71.81 price objective on the stock in a research note on Tuesday, November 1st. restated a "buy" rating and issued a $79.00 price target on shares of J P Morgan Chase & Co in a research report on Tuesday, October 18th. Deutsche Bank AG reissued a "buy" rating on shares of J P Morgan Chase & Co in a research note on Friday, December 23rd. Smith Gordon sold 65,865 shares in the company at $83.67 each and collected $5,510,001 in proceeds.
Executives hold 0.50 percent of the stock. Studies indicate that the stock prices of firms with significant positive earnings surprises show above-average performance, while those with negative surprises have below-average performance. The stock has been active on the tape, now trading at $88.15, up from yesterday's close by 1.32%. Looking at the stock's movement on the chart, JPMorgan Chase & Co. recorded a 52-week high of $88.17.
J P Morgan Chase & Co (NYSE:JPM) last announced its earnings results on Friday, January 13th. Vanguard Group Inc. raised its stake in shares of J P Morgan Chase & Co by 2.1% in the second quarter. The business earned $24.30 billion during the quarter, compared to analysts' expectations of $23.48 billion. The reported EPS for the same quarter a year ago was $0.13. The firm's quarterly revenue was up 2.1% compared to the same quarter previous year. In the last 27 earnings reports, the company has topped earnings-per-share estimates 66% percent of times. JPMorgan Chase & Co.is headquartered in NY. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of United States and global copyright legislation. The ex-dividend date was Wednesday, January 4th. The firm's revenue was up 2.1% on a year-over-year basis. (JPM) offloaded shares in a transaction closed on Wednesday January 18, 2017. The 32 stock analysts following this company have an average price target at $89.21, with individual PT in the $50.00-$108.00 range. Following the completion of the transaction, the insider now directly owns 237,466 shares of the company's stock, valued at $19,868,780.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The share price is now up 24.86% for the past three months. The disclosure for this sale can be found here.
In related news, CEO Douglas B. Petno sold 6,728 shares of the business's stock in a transaction that occurred on Tuesday, January 17th. Latest closing price was 2.46% above its 50-day moving average and 40.17% above its 200-day moving average.
Institutional investors have recently made changes to their positions in the stock. Hanson McClain Inc. raised its position in J P Morgan Chase & Co by 1.3% in the second quarter. The stock is a Buy among 14 brokerage firms polled by Factset Research. J P Morgan Chase & Co's payout ratio is 31.02%. ELM Advisors LLC raised its position in J P Morgan Chase & Co by 0.5% in the third quarter. With the volume soaring to 10,992,466 shares, the last trade was called at $87. Finally, Hemenway Trust Co LLC bought a new position in J P Morgan Chase & Co during the fourth quarter valued at about $146,000. Hedge funds and other institutional investors own 73.65% of the company's stock.
Based on the lastest quarterly filings, institutions continue to be large stakeholders in JPMorgan Chase & Co. The Company is engaged in investment banking, financial services.