Oppenheimer Lowers JPMorgan Chase & Co. (NYSE:JPM) Price Target to $232.00

JPMorgan Chase & Co. (NYSE:JPM) had its price target dropped by Oppenheimer from $234.00 to $232.00 in a research report issued on Monday, 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 4.75% from the stock's previous close.

A number of other equities analysts have also weighed in on JPM. Barclays lifted their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an "overweight" rating in a research note on Monday. Morgan Stanley cut JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and lifted their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Piper Sandler upped their price objective on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an "overweight" rating in a research report on Monday, July 15th. Royal Bank of Canada raised their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Daiwa Capital Markets decreased their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a research note on Thursday. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $217.94.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM traded down $0.81 during midday trading on Monday, hitting $221.48. The company's stock had a trading volume of 8,405,460 shares, compared to its average volume of 9,148,911. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $636.02 billion, a P/E ratio of 12.35, a P/E/G ratio of 3.28 and a beta of 1.11. The firm's 50 day moving average is $212.32 and its 200-day moving average is $203.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the prior year, the business earned $4.33 earnings per share. The business's quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post 16.75 earnings per share for the current fiscal year.

Institutional Trading of JPMorgan Chase & Co.

Several large investors have recently bought and sold shares of JPM. Scarborough Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $152,000. Gerber LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $844,000. Fisher Asset Management LLC grew its stake in shares of JPMorgan Chase & Co. by 4.0% in the 4th quarter. Fisher Asset Management LLC now owns 11,836,898 shares of the financial services provider's stock valued at $2,013,457,000 after buying an additional 450,098 shares during the period. Alamar Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $218,000. Finally, Willner & Heller LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $895,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

About JPMorgan Chase & Co.

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.