JPMorgan Chase & Co. (JPM) Upgraded to Hold by DZ Bank

DZ Bank upgraded shares of JPMorgan Chase & Co. (NYSE:JPM) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

Other analysts have also issued reports about the stock. Jefferies Group set a $111.00 target price on shares of JPMorgan Chase & Co. and gave the company a buy rating in a research report on Friday, October 13th. BMO Capital Markets upped 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 report on Friday, October 13th. Buckingham Research upgraded shares of JPMorgan Chase & Co. from a neutral rating to a buy rating in a research report on Thursday, December 21st. Nomura set a $115.00 price target on shares of JPMorgan Chase & Co. and gave the stock a neutral rating in a research report on Friday, January 12th. Finally, Robert W. Baird upped their price target on shares of JPMorgan Chase & Co. from $88.00 to $92.00 and gave the stock a neutral rating in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $105.81.

Shares of JPMorgan Chase & Co. (JPM) traded down $0.25 during midday trading on Wednesday, reaching $113.01. 18,716,039 shares of the company traded hands, compared to its average volume of 14,000,000. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. The company has a market capitalization of $392,110.00, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $114.34.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.71 earnings per share. analysts predict that JPMorgan Chase & Co. will post 8.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.11%.

In other news, 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 value of $3,009,259.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction 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 completion of the transaction, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The disclosure for this sale can be found here. Insiders sold 154,146 shares of company stock worth $17,312,129 in the last three months. Insiders own 0.88% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in JPM. Jackson Grant Investment Advisers Inc. raised its stake in JPMorgan Chase & Co. by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 12 shares in the last quarter. IPG Investment Advisors LLC raised its stake in JPMorgan Chase & Co. by 0.3% during the second quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 17 shares in the last quarter. Sunbelt Securities Inc. raised its stake in JPMorgan Chase & Co. by 0.5% during the second quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 26 shares in the last quarter. Fort Pitt Capital Group LLC raised its stake in JPMorgan Chase & Co. by 0.4% during the second quarter. Fort Pitt Capital Group LLC now owns 9,084 shares of the financial services provider’s stock valued at $830,000 after purchasing an additional 37 shares in the last quarter. Finally, Financial Consulate Inc. raised its stake in JPMorgan Chase & Co. by 1.1% during the second quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock valued at $372,000 after purchasing an additional 44 shares in the last quarter. 73.78% of the stock is currently owned by hedge funds and other institutional investors.

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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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