JPMorgan Chase & Co. (NYSE:JPM) Earns Hold Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a report released on Tuesday, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a $235.00 price target on the financial services provider’s stock.

Several other equities research analysts have also recently issued reports on the stock. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an overweight rating in a research report on Monday, July 15th. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a neutral rating in a research report on Monday, July 15th. Robert W. Baird raised their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a neutral rating in a research report on Tuesday, May 21st. Jefferies Financial Group upped their target price on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a buy rating in a research report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a market perform rating in a research report on Tuesday, July 9th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $208.35.

JPMorgan Chase & Co. Stock Down 2.0 %

Shares of NYSE:JPM opened at $220.30 on Tuesday. The company has a market cap of $632.63 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 2.62 and a beta of 1.12. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48. The firm’s 50-day simple moving average is $210.24 and its 200-day simple moving average is $199.40. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The firm had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same period in the previous year, the firm posted $4.37 earnings per share. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 5,086 shares of the business’s 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 transaction, the insider now directly owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Creekside Partners bought a new position in JPMorgan Chase & Co. in the 2nd quarter worth $665,000. Brown Financial Advisors acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $2,205,000. Strategic Investment Solutions Inc. IL bought a new position in shares of JPMorgan Chase & Co. in the second quarter worth about $399,000. Farmers National Bank increased its position in JPMorgan Chase & Co. by 0.9% in the 2nd quarter. Farmers National Bank now owns 70,410 shares of the financial services provider’s stock worth $14,241,000 after buying an additional 649 shares during the period. Finally, RiverFront Investment Group LLC lifted its holdings in shares of JPMorgan Chase & Co. by 104.3% during the second quarter. RiverFront Investment Group LLC now owns 124,513 shares of the financial services provider’s stock worth $25,184,000 after buying an additional 63,571 shares during the last quarter. Institutional investors and hedge funds 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.