JPMorgan Chase & Co. (JPM) Cut to “Strong Sell” at Vetr

Vetr cut shares of JPMorgan Chase & Co. (NYSE:JPM) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday, January 10th. The firm currently has $93.51 target price on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the stock. Societe Generale lowered shares of JPMorgan Chase & Co. from a buy rating to a hold rating in a report on Tuesday, January 9th. Credit Suisse Group raised shares of JPMorgan Chase & Co. to a buy rating and set a $120.00 target price on the stock in a research note on Friday, January 5th. Barclays raised their target price on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an overweight rating in a research note on Tuesday, January 2nd. Wells Fargo & Co set a $120.00 price target on shares of JPMorgan Chase & Co. and gave the company a buy rating in a research report on Wednesday, December 20th. Finally, Buckingham Research upgraded shares of JPMorgan Chase & Co. from a neutral rating to a buy rating in a research report on Thursday, December 21st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $105.81.

JPMorgan Chase & Co. (NYSE:JPM) traded up $1.19 during trading hours on Wednesday, reaching $116.87. 13,800,000 shares of the company traded hands, compared to its average volume of 13,440,000. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $117.35. The firm has a market cap of $405,510.00, a PE ratio of 18.32, a P/E/G ratio of 1.97 and a beta of 1.22. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same quarter in the prior year, the company posted $1.71 EPS. The business’s revenue was up 3.3% on a year-over-year basis. research analysts forecast that JPMorgan Chase & Co. will post 8.78 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.11%.

In other JPMorgan Chase & Co. news, insider Peter Scher sold 26,532 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James S. Crown bought 7,280 shares of the stock in a transaction on Thursday, January 18th. The shares were acquired at an average cost of $113.37 per share, with a total value of $825,333.60. Following the purchase, the director now owns 305,875 shares of the company’s stock, valued at approximately $34,677,048.75. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC grew its holdings in shares of 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 purchasing an additional 4,654,113 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of 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 purchasing an additional 4,305,449 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of 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 purchasing an additional 3,945,948 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 3,717,683 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of 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 purchasing an additional 2,828,726 shares during the last quarter. 73.85% of the stock is owned by hedge funds and other institutional investors.

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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 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)

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