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.

COPYRIGHT VIOLATION WARNING: “JPMorgan Chase & Co. (JPM) Lowered to “Strong Sell” at Vetr” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://ledgergazette.com/2018/01/14/jpmorgan-chase-co-jpm-lowered-to-strong-sell-at-vetr.html.

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)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply