Buckingham Research downgraded shares of JPMorgan Chase & Co. (NYSE:JPM) from a buy rating to a neutral rating in a research report released on Monday morning. Buckingham Research currently has $74.00 price objective on the financial services provider’s stock.

A number of other brokerages also recently commented on JPM. Wells Fargo & Co. reiterated a buy rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Argus reiterated a buy rating and set a $72.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 18th. Compass Point assumed coverage on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 11th. They issued a sell rating for the company. Sanford C. Bernstein downgraded shares of JPMorgan Chase & Co. from an outperform rating to a market perform rating and upped their price objective for the company from $65.72 to $67.00 in a research note on Tuesday, August 16th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods restated an outperform rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 27th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. presently has an average rating of Buy and an average target price of $72.38.

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

JPMorgan Chase & Co. (NYSE:JPM) traded up 0.86% during trading on Monday, hitting $67.75. The company’s stock had a trading volume of 3,967,277 shares. JPMorgan Chase & Co. has a one year low of $52.50 and a one year high of $69.06. The company has a 50-day moving average of $67.06 and a 200 day moving average of $64.13. The firm has a market cap of $244.68 billion, a PE ratio of 11.48 and a beta of 1.54.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 14th. The financial services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.19. The firm earned $25.50 billion during the quarter. JPMorgan Chase & Co. had a net margin of 22.92% and a return on equity of 10.47%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 EPS. On average, equities analysts forecast that JPMorgan Chase & Co. will post $5.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 6th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Tuesday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.10%.

Several institutional investors have recently modified their holdings of JPM. Acrospire Investment Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth approximately $107,000. Jackson Grant Investment Advisers Inc. increased its position in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock worth $125,000 after buying an additional 14 shares in the last quarter. Vigilant Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 22.1% in the second quarter. Vigilant Capital Management LLC now owns 2,079 shares of the financial services provider’s stock worth $129,000 after buying an additional 376 shares in the last quarter. Perkins Coie Trust Co increased its position in shares of JPMorgan Chase & Co. by 10.2% in the second quarter. Perkins Coie Trust Co now owns 2,163 shares of the financial services provider’s stock worth $134,000 after buying an additional 200 shares in the last quarter. Finally, CT Financial Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 4.2% in the third quarter. CT Financial Advisors LLC now owns 2,187 shares of the financial services provider’s stock worth $146,000 after buying an additional 89 shares in the last quarter. 73.41% of the stock is currently owned by institutional investors and hedge funds.

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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