JPMorgan Chase & Co. (JPM) Downgraded to Sell at ValuEngine

ValuEngine lowered shares of JPMorgan Chase & Co. (NYSE:JPM) from a hold rating to a sell rating in a research report released on Thursday morning.

Other equities analysts also recently issued reports about the company. Bank of America upped their price target on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a buy rating in a report on Monday, September 17th. Zacks Investment Research raised JPMorgan Chase & Co. from a hold rating to a buy rating and set a $127.00 price target for the company in a report on Friday, September 14th. Vining Sparks reiterated a buy rating and issued a $125.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, October 12th. Finally, Wells Fargo & Co set a $130.00 price objective on JPMorgan Chase & Co. and gave the company a buy rating in a research note on Thursday, November 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $123.74.

Shares of JPMorgan Chase & Co. stock traded up $0.62 on Thursday, reaching $105.81. 2,187,390 shares of the company were exchanged, compared to its average volume of 12,848,062. JPMorgan Chase & Co. has a 1-year low of $102.20 and a 1-year high of $119.33. The company has a market cap of $368.01 billion, a PE ratio of 15.40, a P/E/G ratio of 1.74 and a beta of 1.10. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.01 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.10. The firm had revenue of $27.26 billion during the quarter, compared to the consensus estimate of $27.20 billion. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. During the same period in the prior year, the company posted $1.76 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 9.26 earnings per share for the current fiscal year.

In related news, Director Mellody L. Hobson purchased 1,150 shares of the business’s stock in a transaction dated Friday, October 19th. The stock was acquired at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the completion of the purchase, the director now directly owns 2,632 shares of the company’s stock, valued at $286,730.08. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.73% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in JPM. Elite Wealth Management Inc. grew its holdings in JPMorgan Chase & Co. by 4.1% in the first quarter. Elite Wealth Management Inc. now owns 17,891 shares of the financial services provider’s stock valued at $1,967,000 after purchasing an additional 701 shares during the last quarter. Eagle Global Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.6% during the 2nd quarter. Eagle Global Advisors LLC now owns 175,550 shares of the financial services provider’s stock valued at $18,292,000 after buying an additional 1,114 shares during the period. Retirement Income Solutions Inc raised its holdings in shares of JPMorgan Chase & Co. by 18.0% during the 2nd quarter. Retirement Income Solutions Inc now owns 4,650 shares of the financial services provider’s stock valued at $485,000 after buying an additional 708 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 2.7% during the 1st quarter. Nuveen Asset Management LLC now owns 1,124,172 shares of the financial services provider’s stock valued at $123,625,000 after buying an additional 29,540 shares during the period. Finally, Syntal Capital Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 11.3% during the 1st quarter. Syntal Capital Partners LLC now owns 9,963 shares of the financial services provider’s stock valued at $1,095,000 after buying an additional 1,013 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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