JPMorgan Chase & Co. (NYSE:JPM) was upgraded by investment analysts at Vetr from a “sell” rating to a “hold” rating in a report released on Monday. The firm presently has a $105.98 price target on the financial services provider’s stock. Vetr‘s price target points to a potential downside of 3.69% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Buckingham Research raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Nomura set a $115.00 price target on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Friday, January 12th. Argus boosted their price target on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Deutsche Bank set a $96.00 price target on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Tuesday, January 16th. Finally, DZ Bank raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $107.42.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $110.04 on Monday. The company has a market capitalization of $381,810.00, a P/E ratio of 17.25, a P/E/G ratio of 1.86 and a beta of 1.22. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $117.35. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.71 EPS. research analysts expect that JPMorgan Chase & Co. will post 8.85 earnings per share for the current year.

In other news, Director James S. Crown bought 7,280 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was acquired at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the completion of the purchase, the director now owns 305,875 shares of the company’s stock, valued at approximately $34,677,048.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mary E. Erdoes sold 65,101 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total value of $7,307,587.25. Following the completion of the transaction, the chief executive officer now owns 479,882 shares of the company’s stock, valued at $53,866,754.50. The disclosure for this sale can be found here. Insiders sold 152,047 shares of company stock valued at $17,098,115 over the last three months. 0.88% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of JPM. Janus Henderson Group PLC raised its stake in JPMorgan Chase & Co. by 517.3% during the second quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after acquiring an additional 4,654,113 shares in the last quarter. Stifel Financial Corp raised its stake in JPMorgan Chase & Co. by 9,301.6% during the third quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock worth $415,662,000 after acquiring an additional 4,305,449 shares in the last quarter. Alliancebernstein L.P. raised its stake in JPMorgan Chase & Co. by 29.2% during the second quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after acquiring an additional 3,945,948 shares in the last quarter. Vanguard Group Inc. raised its stake in JPMorgan Chase & Co. by 1.5% during the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after acquiring an additional 3,717,683 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in JPMorgan Chase & Co. by 40.8% during the second quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock worth $892,886,000 after acquiring an additional 2,828,726 shares in the last quarter. Institutional investors and hedge funds own 73.82% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “JPMorgan Chase & Co. (JPM) Upgraded at Vetr” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.thecerbatgem.com/2018/02/12/jpmorgan-chase-co-jpm-upgraded-at-vetr.html.

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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

To view Vetr’s full report, visit Vetr’s official website.

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.