JPMorgan Chase & Co. (NYSE:JPM) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued on Monday. The analysts noted that the move was a valuation call.

Several other research firms also recently weighed in on JPM. Wells Fargo & Co. restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Argus restated a “buy” rating and set a $72.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 18th. Compass Point initiated coverage on shares of JPMorgan Chase & Co. in a report on Tuesday, October 11th. They set 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 raised their target price for the company from $65.72 to $67.00 in a report on Tuesday, August 16th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 27th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $72.38.

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

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at 67.70 on Monday. The stock’s 50 day moving average is $67.08 and its 200-day moving average is $64.19. JPMorgan Chase & Co. has a 1-year low of $52.50 and a 1-year high of $69.06. The stock has a market cap of $244.50 billion, a PE ratio of 11.47 and a beta of 1.54.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 14th. The financial services provider reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm earned $25.50 billion during the quarter. During the same quarter last year, the business posted $1.54 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. On average, analysts predict that JPMorgan Chase & Co. will post $5.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.84%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.10%.

In other JPMorgan Chase & Co. news, CFO Marianne Lake sold 14,083 shares of the company’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $67.26, for a total value of $947,222.58. Following the sale, the chief financial officer now owns 16,581 shares in the company, valued at approximately $1,115,238.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mary E. Erdoes sold 25,542 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $67.26, for a total value of $1,717,954.92. Following the completion of the sale, the chief executive officer now owns 291,080 shares in the company, valued at approximately $19,578,040.80. The disclosure for this sale can be found here. 0.85% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $107,000. Jackson Grant Investment Advisers Inc. raised its stake 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 raised its stake 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 raised its stake 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 raised its stake 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. Hedge funds and other institutional investors own 73.41% 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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