UBS Group Cuts JPMorgan Chase & Co. (NYSE:JPM) Price Target to $219.00

JPMorgan Chase & Co. (NYSE:JPM) had its price target lowered by equities research analysts at UBS Group from $226.00 to $219.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. UBS Group’s price objective indicates a potential upside of 21.69% from the company’s previous close.

Several other research firms have also weighed in on JPM. Barclays upped their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Evercore ISI upped their target price on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Jefferies Financial Group lifted their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Morgan Stanley decreased their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research note on Monday. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $179.96 on Tuesday. The firm has a market cap of $516.86 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 2.30 and a beta of 1.15. The firm’s 50-day simple moving average is $188.48 and its 200-day simple moving average is $168.50. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month high of $200.94. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92.

Insider Activity at JPMorgan Chase & Co.

In other news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by company insiders.

Institutional Trading of JPMorgan Chase & Co.

Several hedge funds have recently bought and sold shares of JPM. Sandy Cove Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 20.3% in the first quarter. Sandy Cove Advisors LLC now owns 9,433 shares of the financial services provider’s stock valued at $1,889,000 after buying an additional 1,590 shares during the period. D.B. Root & Company LLC boosted its stake in JPMorgan Chase & Co. by 97.2% in the 1st quarter. D.B. Root & Company LLC now owns 2,798 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 1,379 shares during the period. Red Door Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 1.4% during the 1st quarter. Red Door Wealth Management LLC now owns 59,205 shares of the financial services provider’s stock worth $11,859,000 after purchasing an additional 810 shares in the last quarter. Avalon Capital Management raised its stake in shares of JPMorgan Chase & Co. by 4.9% in the 1st quarter. Avalon Capital Management now owns 1,653 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 77 shares during the period. Finally, Cornerstone Wealth Group LLC raised its stake in shares of JPMorgan Chase & Co. by 30.9% in the 1st quarter. Cornerstone Wealth Group LLC now owns 59,270 shares of the financial services provider’s stock valued at $11,872,000 after purchasing an additional 14,003 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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.