Jefferies Financial Group Raises JPMorgan Chase & Co. (NYSE:JPM) Price Target to $239.00

JPMorgan Chase & Co. (NYSE:JPM) had its price target hoisted by Jefferies Financial Group from $230.00 to $239.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 14.87% from the company’s current price.

JPM has been the subject of several other reports. Morgan Stanley dropped their price objective on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a research note on Tuesday, May 21st. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Finally, Evercore ISI reissued an “outperform” rating and issued a $210.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $194.65.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded down $0.77 during midday trading on Wednesday, reaching $208.06. 2,834,906 shares of the company’s stock were exchanged, compared to its average volume of 9,205,276. The firm has a market capitalization of $597.48 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 2.72 and a beta of 1.12. The company’s 50 day simple moving average is $197.57 and its two-hundred day simple moving average is $186.88. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $210.38. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. Equities research analysts expect that JPMorgan Chase & Co. will post 16.45 earnings per share for the current fiscal year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 5,086 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the sale, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 250,565 shares of company stock valued at $46,962,717. 0.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Stone House Investment Management LLC raised its position in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after buying an additional 89 shares during the last quarter. Retirement Group LLC boosted its holdings in JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 109 shares during the last quarter. Richardson Capital Management LLC bought a new position in JPMorgan Chase & Co. in the first quarter valued at $34,000. Bare Financial Services Inc bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $35,000. Finally, Partnership Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $36,000. 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.