Jefferies Financial Group cut shares of JPMorgan Chase & Co. (NYSE:JPM) from a buy rating to a hold rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm currently has $101.20 target price on the financial services provider’s stock. Jefferies Financial Group also issued estimates for JPMorgan Chase & Co.’s Q4 2018 earnings at $2.20 EPS, FY2018 earnings at $9.20 EPS, Q1 2019 earnings at $2.44 EPS, Q2 2019 earnings at $2.50 EPS, Q3 2019 earnings at $2.49 EPS, Q4 2019 earnings at $2.38 EPS, FY2019 earnings at $9.80 EPS and FY2020 earnings at $10.40 EPS.

Several other research analysts have also recently commented on the stock. ValuEngine upgraded shares of JPMorgan Chase & Co. from a sell rating to a hold rating in a research report on Wednesday, January 2nd. Barclays increased their price objective on shares of JPMorgan Chase & Co. from $135.00 to $140.00 and gave the company an overweight rating in a report on Wednesday, January 2nd. Zacks Investment Research reiterated a hold rating on shares of JPMorgan Chase & Co. in a report on Monday, December 31st. Wells Fargo & Co reiterated a buy jpm rating on shares of JPMorgan Chase & Co. in a report on Thursday, December 20th. Finally, Atlantic Securities cut shares of JPMorgan Chase & Co. from an overweight rating to a neutral rating in a report on Wednesday, December 19th. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. JPMorgan Chase & Co. presently has an average rating of Buy and a consensus price target of $121.85.

NYSE JPM traded down $0.37 on Tuesday, hitting $100.02. The stock had a trading volume of 1,436,752 shares, compared to its average volume of 18,408,540. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.17. The stock has a market cap of $344.57 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 1.52 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, topping the consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The firm had revenue of $27.26 billion during the quarter, compared to analysts’ expectations of $27.20 billion. During the same quarter in the prior year, the firm earned $1.76 EPS. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 9.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Friday, January 4th will be given a $0.80 dividend. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a $3.20 annualized dividend and a dividend yield of 3.20%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 46.58%.

In other news, Director Mellody L. Hobson purchased 1,150 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, October 19th. The stock was acquired at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the transaction, the director now owns 2,632 shares in the company, valued at $286,730.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in JPM. Capital Planning Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 18.6% during the 2nd quarter. Capital Planning Advisors LLC now owns 14,951 shares of the financial services provider’s stock worth $1,558,000 after purchasing an additional 2,349 shares during the last quarter. First Hawaiian Bank increased its stake in shares of JPMorgan Chase & Co. by 384.3% during the 3rd quarter. First Hawaiian Bank now owns 95,808 shares of the financial services provider’s stock worth $10,811,000 after purchasing an additional 76,026 shares during the last quarter. Eagle Global Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 0.6% during the 2nd quarter. Eagle Global Advisors LLC now owns 175,550 shares of the financial services provider’s stock worth $18,292,000 after purchasing an additional 1,114 shares during the last quarter. Retirement Income Solutions Inc increased its stake in shares of JPMorgan Chase & Co. by 18.0% during the 2nd quarter. Retirement Income Solutions Inc now owns 4,650 shares of the financial services provider’s stock worth $485,000 after purchasing an additional 708 shares during the last quarter. Finally, Bartlett & Co. LLC increased its stake in shares of JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Bartlett & Co. LLC now owns 97,475 shares of the financial services provider’s stock worth $10,157,000 after purchasing an additional 1,395 shares during the last quarter. Institutional investors own 70.12% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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