JPMorgan Chase & Co. (NYSE:JPM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “JPMorgan's third-quarter 2016 earnings handily outpaced the Zacks Consensus Estimate, driven by improved trading revenues, higher mortgage banking fees, growth in investment banking income and a rise in net interest income. Further, lower operating expenses aided the bottom-line growth. However, rise in provisions marginally hurt the results. The company is expected to continue witnessing a rise in interest income driven by solid loan growth. Also, synergies from retail banking performance and cost-containment efforts will help improving its profitability. Nevertheless, the company expects net charge-offs to increase driven by loan growth. Moreover, top-line growth is likely to remain challenged in the near term owing to continued pressure on fee income.”

Other research analysts have also issued reports about the stock. Vetr lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating and set a $71.84 price objective on the stock. in a research note on Monday. Robert W. Baird lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $70.03 to $72.00 in a research note on Wednesday, November 9th. Credit Suisse Group AG restated a “buy” rating and issued a $78.00 price objective on shares of JPMorgan Chase & Co. in a research note on Thursday, November 3rd. Compass Point initiated coverage on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 11th. They issued a “sell” rating on the stock. Finally, Barclays PLC restated an “overweight” rating and issued a $79.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 12th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eighteen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. presently 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 77.40 on Tuesday. The stock has a market capitalization of $276.92 billion, a price-to-earnings ratio of 13.35 and a beta of 1.51. The company has a 50-day moving average of $69.64 and a 200-day moving average of $65.63. JPMorgan Chase & Co. has a 52 week low of $52.50 and a 52 week high of $80.44.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the firm earned $1.54 earnings per share. JPMorgan Chase & Co.’s revenue was up 8.3% on a year-over-year basis. Analysts anticipate that JPMorgan Chase & Co. will post $5.89 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Thursday, October 6th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Tuesday, October 4th. JPMorgan Chase & Co.’s payout ratio is 33.10%.

In related news, insider Mark O’donovan sold 4,035 shares of the firm’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $69.05, for a total transaction of $278,616.75. Following the completion of the sale, the insider now directly owns 6,005 shares of the company’s stock, valued at approximately $414,645.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $69.03, for a total transaction of $144,893.97. Following the sale, the general counsel now directly owns 4,752 shares of the company’s stock, valued at $328,030.56. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. High Falls Advisors Inc raised its stake in JPMorgan Chase & Co. by 76.8% in the third quarter. High Falls Advisors Inc now owns 14,276 shares of the financial services provider’s stock worth $951,000 after buying an additional 6,201 shares during the last quarter. Notis McConarty Edward increased its position in JPMorgan Chase & Co. by 0.4% in the third quarter. Notis McConarty Edward now owns 20,042 shares of the financial services provider’s stock worth $1,335,000 after buying an additional 80 shares during the period. Cable Hill Partners LLC increased its position in JPMorgan Chase & Co. by 4.9% in the third quarter. Cable Hill Partners LLC now owns 5,290 shares of the financial services provider’s stock worth $359,000 after buying an additional 248 shares during the period. Mosaic Family Wealth LLC increased its position in JPMorgan Chase & Co. by 29.5% in the third quarter. Mosaic Family Wealth LLC now owns 11,470 shares of the financial services provider’s stock worth $764,000 after buying an additional 2,615 shares during the period. Finally, Covington Capital Management increased its position in JPMorgan Chase & Co. by 7.8% in the third quarter. Covington Capital Management now owns 205,728 shares of the financial services provider’s stock worth $13,699,000 after buying an additional 14,876 shares during the period. 73.77% of the stock is 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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