Vetr Upgrades JPMorgan Chase & Co. (JPM) to “Hold”

JPMorgan Chase & Co. (NYSE:JPM) was upgraded by Vetr from a “sell” rating to a “hold” rating in a research note issued to investors on Monday. The brokerage currently has a $105.98 target price on the financial services provider’s stock. Vetr‘s price target would indicate a potential downside of 5.74% from the company’s current price.

Several other equities analysts have also commented on the stock. Wells Fargo & Co increased their price objective on shares of JPMorgan Chase & Co. from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Royal Bank of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Barclays increased their price objective on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Societe Generale lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $108.71.

JPMorgan Chase & Co. (NYSE:JPM) opened at $112.43 on Monday. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $117.35. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. The company has a market cap of $390,100.00, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.86 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data 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. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The business had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. During the same quarter last year, the business earned $1.71 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 3.3% compared to the same quarter last year. equities research analysts forecast that JPMorgan Chase & Co. will post 8.85 EPS for the current fiscal year.

In related news, insider Ashley Bacon sold 16,434 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total value of $1,844,223.48. Following the transaction, the insider now owns 98,811 shares of the company’s stock, valued at approximately $11,088,570.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Scher sold 26,532 shares of the firm’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 disclosure for this sale can be found here. Insiders sold a total of 152,047 shares of company stock valued at $17,098,115 in the last 90 days. Company insiders own 0.88% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Nippon Life Global Investors Americas Inc. increased its stake in JPMorgan Chase & Co. by 4.3% in the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 323,430 shares of the financial services provider’s stock worth $34,588,000 after buying an additional 13,300 shares during the period. Moors & Cabot Inc. increased its position in JPMorgan Chase & Co. by 4.1% during the 4th quarter. Moors & Cabot Inc. now owns 83,991 shares of the financial services provider’s stock valued at $8,963,000 after purchasing an additional 3,324 shares during the period. CWA Asset Management Group LLC increased its position in JPMorgan Chase & Co. by 27.6% during the 4th quarter. CWA Asset Management Group LLC now owns 9,822 shares of the financial services provider’s stock valued at $1,050,000 after purchasing an additional 2,124 shares during the period. Signaturefd LLC increased its position in JPMorgan Chase & Co. by 8.6% during the 4th quarter. Signaturefd LLC now owns 17,977 shares of the financial services provider’s stock valued at $1,922,000 after purchasing an additional 1,431 shares during the period. Finally, Granite Investment Advisors LLC increased its position in JPMorgan Chase & Co. by 254.7% during the 4th quarter. Granite Investment Advisors LLC now owns 39,457 shares of the financial services provider’s stock valued at $4,220,000 after purchasing an additional 28,332 shares during the period. 73.66% of the stock is currently owned by 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.

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

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