JPMorgan Chase & Co. (NYSE:JPM) was upgraded by stock analysts at Vetr from a “strong sell” rating to a “sell” rating in a report released on Tuesday. The firm presently has a $102.07 price target on the financial services provider’s stock. Vetr‘s price objective suggests a potential downside of 8.96% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Jefferies Group set a $111.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, October 13th. BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $86.00 to $91.00 and gave the stock a “market perform” rating in a research note on Friday, October 13th. Buckingham Research upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Nomura set a $115.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Friday, January 12th. Finally, Robert W. Baird lifted their price objective on shares of JPMorgan Chase & Co. from $88.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $107.25.
Shares of JPMorgan Chase & Co. (NYSE JPM) traded up $3.31 during mid-day trading on Tuesday, hitting $112.11. 32,561,484 shares of the stock traded hands, compared to its average volume of 14,180,000. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $117.35. The stock has a market cap of $388,990.00, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.94 and a beta of 1.22.
In other news, Director James S. Crown purchased 7,280 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 18th. The stock was purchased at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the transaction, the director now directly owns 305,875 shares of the company’s stock, valued at $34,677,048.75. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Peter Scher sold 26,532 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $113.42, for a total transaction of $3,009,259.44. The disclosure for this sale can be found here. Insiders have sold a total of 152,047 shares of company stock valued at $17,098,115 over the last 90 days. Company insiders own 0.88% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth $2,897,377,000. Dodge & Cox bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth $2,297,616,000. FMR LLC lifted its stake in JPMorgan Chase & Co. by 19.4% in the fourth quarter. FMR LLC now owns 96,587,143 shares of the financial services provider’s stock worth $8,334,505,000 after purchasing an additional 15,715,835 shares during the last quarter. State Street Corp lifted its stake in JPMorgan Chase & Co. by 7.5% in the fourth quarter. State Street Corp now owns 169,177,566 shares of the financial services provider’s stock worth $14,598,334,000 after purchasing an additional 11,844,085 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in JPMorgan Chase & Co. in the second quarter worth $546,431,000. Hedge funds and other institutional investors own 73.82% 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.
To view Vetr’s full report, visit Vetr’s official website.
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