JPMorgan Chase & Co. (JPM) Downgraded by ValuEngine to “Sell”

ValuEngine downgraded shares of JPMorgan Chase & Co. (NYSE:JPM) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

Several other research analysts have also commented on JPM. Zacks Investment Research upgraded JPMorgan Chase & Co. from a hold rating to a buy rating and set a $127.00 target price for the company in a research report on Friday, September 14th. Bank of America lifted their target price on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a buy rating in a research report on Monday, September 17th. Wolfe Research initiated coverage on JPMorgan Chase & Co. in a research report on Tuesday, September 25th. They issued an outperform rating for the company. Citigroup lifted their target price on JPMorgan Chase & Co. from $115.00 to $125.00 and gave the stock a neutral rating in a research report on Wednesday, September 26th. Finally, Goldman Sachs Group set a $130.00 target price on JPMorgan Chase & Co. and gave the stock a neutral rating in a research report on Friday, October 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $123.74.

Shares of JPM traded up $0.62 during mid-day trading on Thursday, hitting $105.81. The stock had a trading volume of 2,187,390 shares, compared to its average volume of 12,848,062. The firm has a market cap of $368.01 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 1.74 and a beta of 1.10. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.17. JPMorgan Chase & Co. has a fifty-two week low of $102.20 and a fifty-two week high of $119.33.



JPMorgan Chase & Co. (NYSE:JPM) last issued 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. The company had revenue of $27.26 billion during the quarter, compared to analyst estimates of $27.20 billion. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. During the same quarter last year, the firm earned $1.76 EPS. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 9.26 earnings per share for the current fiscal year.

In related news, Director Mellody L. Hobson purchased 1,150 shares of the business’s stock in a transaction that occurred on Friday, October 19th. The shares were acquired at an average price of $108.94 per share, with a total value of $125,281.00. Following the acquisition, the director now owns 2,632 shares in the company, valued at approximately $286,730.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Elite Wealth Management Inc. raised its stake in JPMorgan Chase & Co. by 4.1% during the 1st quarter. Elite Wealth Management Inc. now owns 17,891 shares of the financial services provider’s stock valued at $1,967,000 after acquiring an additional 701 shares in the last quarter. Eagle Global Advisors LLC raised its stake in 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 valued at $18,292,000 after acquiring an additional 1,114 shares in the last quarter. Retirement Income Solutions Inc raised its stake in 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 valued at $485,000 after acquiring an additional 708 shares in the last quarter. Nuveen Asset Management LLC raised its stake in JPMorgan Chase & Co. by 2.7% during the 1st quarter. Nuveen Asset Management LLC now owns 1,124,172 shares of the financial services provider’s stock valued at $123,625,000 after acquiring an additional 29,540 shares in the last quarter. Finally, Syntal Capital Partners LLC raised its stake in JPMorgan Chase & Co. by 11.3% during the 1st quarter. Syntal Capital Partners LLC now owns 9,963 shares of the financial services provider’s stock valued at $1,095,000 after acquiring an additional 1,013 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

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.

Recommended Story: What is Net Asset Value (NAV)?

To view ValuEngine’s full report, visit ValuEngine’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.

Leave a Reply