JPMorgan Chase & Co. (NYSE:JPM) was downgraded by investment analysts at Vetr from a “hold” rating to a “sell” rating in a report released on Monday. They presently have a $71.84 price objective on the financial services provider’s stock. Vetr‘s price objective would indicate a potential downside of 9.48% from the company’s previous close.

JPM has been the topic of a number of other research reports. Credit Agricole SA upped their price objective on JPMorgan Chase & Co. from $71.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, September 23rd. Zacks Investment Research cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 20th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 27th. Nomura reiterated a “hold” rating and set a $65.00 price objective on shares of JPMorgan Chase & Co. in a research note on Thursday, September 29th. Finally, Sandler O’Neill lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a report on Thursday, October 6th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $72.43.

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

JPMorgan Chase & Co. (NYSE:JPM) opened at 79.36 on Monday. The firm’s 50 day moving average price is $68.61 and its 200-day moving average price is $65.29. JPMorgan Chase & Co. has a one year low of $52.50 and a one year high of $79.41. The company has a market capitalization of $283.93 billion, a PE ratio of 13.69 and a beta of 1.51.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.19. JPMorgan Chase & Co. had a return on equity of 10.47% and a net margin of 22.92%. The company had revenue of $25.50 billion for the quarter. During the same quarter in the prior year, the company earned $1.54 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts forecast that JPMorgan Chase & Co. will post $5.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Thursday, October 6th were paid a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, October 4th. This represents a $1.92 annualized dividend and a dividend yield of 2.42%. JPMorgan Chase & Co.’s payout ratio is 33.10%.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $69.03, for a total value of $144,893.97. Following the completion of the sale, the general counsel now owns 4,752 shares of the company’s stock, valued at $328,030.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Marianne Lake sold 14,083 shares of the stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $67.26, for a total value of $947,222.58. Following the completion of the sale, the chief financial officer now directly owns 16,581 shares of the company’s stock, valued at approximately $1,115,238.06. The disclosure for this sale can be found here. 0.85% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the stock. Mark Sheptoff Financial Planning LLC boosted its stake in JPMorgan Chase & Co. by 15.1% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 1,528 shares of the financial services provider’s stock valued at $102,000 after buying an additional 200 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in 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 in the last quarter. Balentine LLC boosted its stake in JPMorgan Chase & Co. by 14.4% in the third quarter. Balentine LLC now owns 1,910 shares of the financial services provider’s stock valued at $127,000 after buying an additional 241 shares in the last quarter. Vigilant Capital Management LLC boosted its stake in 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 in the last quarter. Finally, Perkins Coie Trust Co boosted its stake in 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 in the last quarter. 73.77% of the stock is owned by institutional investors.

About JPMorgan Chase & Co.

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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