JPMorgan Chase & Co. (JPM) Lowered to “Strong Sell” at Vetr

Vetr cut shares of JPMorgan Chase & Co. (NYSE:JPM) from a sell rating to a strong sell rating in a research note released on Wednesday. The firm currently has $93.51 price target on the financial services provider’s stock.

Several other research analysts also recently weighed in on the company. Societe Generale downgraded JPMorgan Chase & Co. from a buy rating to a hold rating in a research note on Tuesday, January 9th. Credit Suisse Group raised JPMorgan Chase & Co. to a buy rating and set a $120.00 price objective on the stock in a report on Friday, January 5th. Barclays raised their price objective on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an overweight rating in a report on Tuesday, January 2nd. Buckingham Research raised JPMorgan Chase & Co. from a neutral rating to a buy rating in a report on Thursday, December 21st. Finally, Wells Fargo & Co set a $120.00 price target on JPMorgan Chase & Co. and gave the stock a buy rating in a research note on Wednesday, December 20th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of Hold and an average price target of $102.52.

JPMorgan Chase & Co. (JPM) traded up $1.83 during mid-day trading on Wednesday, hitting $112.67. The stock had a trading volume of 18,879,980 shares, compared to its average volume of 14,500,000. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $390,930.00, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 2.05 and a beta of 1.22. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $112.85.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.71 EPS. analysts predict that JPMorgan Chase & Co. will post 8.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 1.99%. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.11%.

In related news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the sale, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.88% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Vista LLC acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $102,000. Kohmann Bosshard Financial Services LLC acquired a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $102,000. Welch Investments LLC acquired a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $103,000. Legacy Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $106,000. Finally, Atlantic Trust LLC purchased a new stake in JPMorgan Chase & Co. in the second quarter valued at approximately $136,000. Institutional investors own 73.76% of the company’s stock.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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