JPMorgan Chase & Co. (NYSE:JPM) Sets New 12-Month High at $119.25

JPMorgan Chase & Co. (NYSE:JPM)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $119.25 and last traded at $119.10, with a volume of 178176 shares traded. The stock had previously closed at $117.91.

Several equities analysts have commented on JPM shares. Deutsche Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. Goldman Sachs Group reissued a “neutral” rating and set a $117.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. Wells Fargo & Co set a $125.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 16th. ValuEngine raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 16th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $121.94.

The company has a market capitalization of $373.69 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 1.69 and a beta of 1.19. The company has a 50-day moving average price of $110.70 and a 200-day moving average price of $109.63. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.32. The company had revenue of $28.83 billion for the quarter, compared to the consensus estimate of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $2.29 earnings per share. Equities analysts expect that JPMorgan Chase & Co. will post 9.91 EPS for the current fiscal year.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 18,200 shares of the stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $109.91 per share, with a total value of $2,000,362.00. Following the completion of the transaction, the director now owns 7,804 shares in the company, valued at approximately $857,737.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lori A. Beer sold 13,341 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total value of $1,524,609.48. Following the completion of the sale, the insider now directly owns 10,130 shares in the company, valued at $1,157,656.40. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

Large investors have recently modified their holdings of the company. Princeton Global Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 3.3% in the second quarter. Princeton Global Asset Management LLC now owns 35,912 shares of the financial services provider’s stock valued at $4,015,000 after buying an additional 1,157 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of JPMorgan Chase & Co. by 1.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 824,144 shares of the financial services provider’s stock valued at $92,139,000 after buying an additional 9,849 shares during the period. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $2,186,000. Front Row Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 32.2% in the second quarter. Front Row Advisors LLC now owns 6,562 shares of the financial services provider’s stock valued at $734,000 after buying an additional 1,600 shares during the period. Finally, Rehmann Capital Advisory Group lifted its stake in shares of JPMorgan Chase & Co. by 8.2% in the second quarter. Rehmann Capital Advisory Group now owns 25,771 shares of the financial services provider’s stock valued at $2,881,000 after buying an additional 1,950 shares during the period. 72.23% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Company Profile (NYSE:JPM)

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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