Research analysts at Compass Point assumed coverage on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research report issued on Tuesday. The firm set a “sell” rating on the financial services provider’s stock.

Several other analysts also recently weighed in on the company. Vetr upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $57.51 target price for the company in a research report on Tuesday, July 5th. Berenberg Bank started coverage on JPMorgan Chase & Co. in a research report on Wednesday, July 13th. They set a “sell” rating for the company. KeyCorp restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 12th. Citigroup Inc. downgraded JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a report on Monday, August 8th. They noted that the move was a valuation call. Finally, Deutsche Bank AG restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 15th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $72.25.

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

JPMorgan Chase & Co. (NYSE:JPM) traded down 0.26% during trading on Tuesday, reaching $68.13. 11,899,713 shares of the company’s stock were exchanged. JPMorgan Chase & Co. has a 12-month low of $52.50 and a 12-month high of $69.06. The company has a market cap of $246.05 billion, a P/E ratio of 11.55 and a beta of 1.54. The stock’s 50-day moving average is $66.87 and its 200-day moving average is $63.90.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, October 4th. This represents a $1.92 annualized dividend and a dividend yield of 2.82%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.54%.

In related news, COO Matthew E. Zames sold 3,991 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $63.91, for a total value of $255,064.81. Following the sale, the chief operating officer now directly owns 282,287 shares in the company, valued at $18,040,962.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Gordon Smith sold 23,735 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $64.05, for a total value of $1,520,226.75. Following the completion of the sale, the executive vice president now owns 152,462 shares in the company, valued at $9,765,191.10. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Profit Investment Management LLC increased its stake in JPMorgan Chase & Co. by 11.2% in the first quarter. Profit Investment Management LLC now owns 6,057 shares of the financial services provider’s stock worth $359,000 after buying an additional 612 shares during the period. Narwhal Capital Management increased its stake in JPMorgan Chase & Co. by 2.6% in the first quarter. Narwhal Capital Management now owns 87,715 shares of the financial services provider’s stock worth $5,194,000 after buying an additional 2,250 shares during the period. HHG & Company LLC increased its stake in JPMorgan Chase & Co. by 2.1% in the first quarter. HHG & Company LLC now owns 31,641 shares of the financial services provider’s stock worth $1,874,000 after buying an additional 662 shares during the period. City Holding Co. increased its stake in JPMorgan Chase & Co. by 1.2% in the first quarter. City Holding Co. now owns 20,857 shares of the financial services provider’s stock worth $1,235,000 after buying an additional 250 shares during the period. Finally, Cohen Lawrence B increased its stake in JPMorgan Chase & Co. by 0.6% in the first quarter. Cohen Lawrence B now owns 24,015 shares of the financial services provider’s stock worth $1,422,000 after buying an additional 155 shares during the period. Hedge funds and other institutional investors own 73.34% of the company’s stock.

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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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