Barclays Reaffirms JP Morgan Chase (NYSE:JPM) As a Buy; They Now Have a Target Price Of $132.0

April 22, 2018 - By Marguerite Chambers

JPMorgan Chase & Co. (NYSE:JPM) Logo

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.03, from 0.91 in 2017Q3. It dived, as 55 investors sold JPMorgan Chase & Co. shares while 802 reduced holdings. 142 funds opened positions while 611 raised stakes. 2.46 billion shares or 1.60% less from 2.50 billion shares in 2017Q3 were reported.

Main Street Ltd Liability Co has invested 2.61% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Willingdon Wealth Mgmt reported 0.91% in JPMorgan Chase & Co. (NYSE:JPM). Retail Bank Of The Ozarks owns 12,979 shares for 0.53% of their portfolio. Westchester Mgmt reported 0% in JPMorgan Chase & Co. (NYSE:JPM). Ghp Investment Advisors Incorporated holds 0.8% or 52,792 shares in its portfolio. Vnbtrust National Association holds 0.3% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 4,769 shares. Lau has invested 1.19% in JPMorgan Chase & Co. (NYSE:JPM). Portfolio Solutions Ltd Llc holds 0% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 103 shares. Confluence Wealth Ltd holds 0.89% or 17,513 shares. Aqr Cap Lc owns 6.91 million shares. Kepos Capital Lp stated it has 45,383 shares or 0.44% of all its holdings. Virtus Advisers Inc owns 211,529 shares or 0.96% of their US portfolio. 38,345 are held by Altavista Wealth Management Incorporated. Blackrock has invested 1.15% in JPMorgan Chase & Co. (NYSE:JPM). Advisor Prns Limited Liability accumulated 89,795 shares.

Since October 25, 2017, it had 2 insider buys, and 9 insider sales for $20.34 million activity. Scher Peter sold 17,057 shares worth $1.91M. 16,434 JPMorgan Chase & Co. (NYSE:JPM) shares with value of $1.84M were sold by BACON ASHLEY. $2.00M worth of JPMorgan Chase & Co. (NYSE:JPM) shares were bought by HOBSON MELLODY L. Another trade for 9,194 shares valued at $1.03M was made by Lake Marianne on Saturday, January 13. Another trade for 65,101 shares valued at $7.31M was made by Erdoes Mary E. on Saturday, January 13. Giles Nicole sold 3,783 shares worth $425,399.

JP Morgan Chase (NYSE:JPM) Rating Reaffirmed

Research professionals at Barclays now has a $132.0 price target on JP Morgan Chase (NYSE:JPM). Barclays and their recent price target indicates a potential upside of 18.42 % from the company’s last price. The rating has been revealed to investors in analysts note on Tuesday morning.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.03, from 0.91 in 2017Q3. It dived, as 55 investors sold JPMorgan Chase & Co. shares while 802 reduced holdings. 142 funds opened positions while 611 raised stakes. 2.46 billion shares or 1.60% less from 2.50 billion shares in 2017Q3 were reported.

Main Street Ltd Liability Co has invested 2.61% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Willingdon Wealth Mgmt reported 0.91% in JPMorgan Chase & Co. (NYSE:JPM). Retail Bank Of The Ozarks owns 12,979 shares for 0.53% of their portfolio. Westchester Mgmt reported 0% in JPMorgan Chase & Co. (NYSE:JPM). Ghp Investment Advisors Incorporated holds 0.8% or 52,792 shares in its portfolio. Vnbtrust National Association holds 0.3% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 4,769 shares. Lau has invested 1.19% in JPMorgan Chase & Co. (NYSE:JPM). Portfolio Solutions Ltd Llc holds 0% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 103 shares. Confluence Wealth Ltd holds 0.89% or 17,513 shares. Aqr Cap Lc owns 6.91 million shares. Kepos Capital Lp stated it has 45,383 shares or 0.44% of all its holdings. Virtus Advisers Inc owns 211,529 shares or 0.96% of their US portfolio. 38,345 are held by Altavista Wealth Management Incorporated. Blackrock has invested 1.15% in JPMorgan Chase & Co. (NYSE:JPM). Advisor Prns Limited Liability accumulated 89,795 shares.

Since October 25, 2017, it had 2 insider buys, and 9 insider sales for $20.34 million activity. Scher Peter sold 17,057 shares worth $1.91M. 16,434 JPMorgan Chase & Co. (NYSE:JPM) shares with value of $1.84M were sold by BACON ASHLEY. $2.00M worth of JPMorgan Chase & Co. (NYSE:JPM) shares were bought by HOBSON MELLODY L. Another trade for 9,194 shares valued at $1.03M was made by Lake Marianne on Saturday, January 13. Another trade for 65,101 shares valued at $7.31M was made by Erdoes Mary E. on Saturday, January 13. Giles Nicole sold 3,783 shares worth $425,399.

JPMorgan Chase & Co. (NYSE:JPM) Ratings Coverage

Among 18 analysts covering JP Morgan Chase (NYSE:JPM), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. JP Morgan Chase has $136 highest and $92.0 lowest target. $121.59’s average target is 9.08% above currents $111.47 stock price. JP Morgan Chase had 33 analyst reports since November 13, 2017 according to SRatingsIntel. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Buy” rating given on Thursday, January 4 by Credit Suisse. The rating was maintained by Credit Suisse on Monday, March 19 with “Outperform”. RBC Capital Markets maintained JPMorgan Chase & Co. (NYSE:JPM) rating on Wednesday, December 6. RBC Capital Markets has “Buy” rating and $110.0 target. The firm has “Buy” rating given on Monday, November 13 by RBC Capital Markets. Robert W. Baird maintained JPMorgan Chase & Co. (NYSE:JPM) on Tuesday, January 2 with “Hold” rating. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, December 12. BMO Capital Markets maintained JPMorgan Chase & Co. (NYSE:JPM) on Friday, January 12 with “Hold” rating. Credit Suisse downgraded it to “Hold” rating and $120.0 target in Thursday, January 11 report. The stock has “Hold” rating by Societe Generale on Tuesday, January 9. Wells Fargo maintained the shares of JPM in report on Wednesday, January 17 with “Buy” rating.

The stock decreased 0.22% or $0.25 during the last trading session, reaching $111.47. About 15.58M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.99% since April 22, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13. They expect $2.22 earnings per share, up 21.98 % or $0.40 from last year’s $1.82 per share. JPM’s profit will be $7.57B for 12.55 P/E if the $2.22 EPS becomes a reality. After $2.37 actual earnings per share reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -6.33 % negative EPS growth.

JPMorgan Chase & Co. operates as a financial services firm worldwide. The company has market cap of $380.16 billion. It operates through Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management divisions. It has a 17.67 P/E ratio. The Consumer & Community Banking segment offers deposit and investment services and products to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment services, payment processing services, auto loans and leases, and student loans.

JPMorgan Chase & Co. (NYSE:JPM) Institutional Positions Chart

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