JPMorgan Chase & Co. (JPM) Upgraded to Sell by Vetr

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.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. During the same quarter last year, the business posted $1.71 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 3.3% compared to the same quarter last year. equities research analysts anticipate that JPMorgan Chase & Co. will post 8.85 earnings per share for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: “JPMorgan Chase & Co. (JPM) Upgraded to Sell by Vetr” was reported by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/02/06/jpmorgan-chase-co-jpm-upgraded-to-sell-by-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.

To view Vetr’s full report, visit Vetr’s official website.

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