Vetr upgraded shares of JPMorgan Chase & Co. (NYSE:JPM) from a hold rating to a buy rating in a research report sent to investors on Monday morning. Vetr currently has $70.76 price objective on the financial services provider’s stock.

JPM has been the topic of a number of other research reports. Sandler O’Neill lowered shares of JPMorgan Chase & Co. from a buy rating to a hold rating and set a $72.00 price target on the stock. in a report on Thursday, October 6th. Jefferies Group restated a buy rating on shares of JPMorgan Chase & Co. in a report on Sunday, July 17th. Oppenheimer Holdings Inc. restated a market perform rating on shares of JPMorgan Chase & Co. in a report on Tuesday, September 13th. Macquarie lowered shares of JPMorgan Chase & Co. from an outperform rating to a neutral rating and cut their price target for the company from $72.00 to $70.00 in a report on Friday, September 9th. Finally, Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a hold rating to a sell rating in a report on Tuesday, September 20th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $72.38.

JPMorgan Chase & Co. (NYSE:JPM) opened at 67.90 on Monday. The stock has a 50 day moving average of $67.06 and a 200-day moving average of $64.13. The stock has a market cap of $245.22 billion, a P/E ratio of 11.51 and a beta of 1.54. JPMorgan Chase & Co. has a 52 week low of $52.50 and a 52 week high of $69.06.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.19. JPMorgan Chase & Co. had a net margin of 22.92% and a return on equity of 10.47%. The business had revenue of $25.50 billion for the quarter. During the same quarter in the prior year, the firm earned $1.54 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. 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. Shareholders of record on Thursday, October 6th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, October 4th. JPMorgan Chase & Co.’s payout ratio is 33.10%.

A number of hedge funds and other 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 valued at 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 valued at $125,000 after buying an additional 14 shares during 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 valued at $129,000 after buying an additional 376 shares during 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 valued at $134,000 after buying an additional 200 shares during 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 valued at $146,000 after buying an additional 89 shares during the last quarter. 73.41% of the stock is owned by hedge funds and other institutional investors.

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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