JPMorgan Chase & Co. (NYSE:JPM) Cut to “Peer Perform” at Wolfe Research

JPMorgan Chase & Co. (NYSE:JPM) was downgraded by equities research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a report released on Monday, January 6th, Marketbeat.com reports.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird raised their price target on JPMorgan Chase & Co. from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $116.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Buckingham Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price target for the company. in a report on Monday, September 16th. They noted that the move was a valuation call. Wells Fargo & Co reaffirmed an “outperform” rating on shares of JPMorgan Chase & Co. in a report on Monday, December 23rd. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $141.00 price target (up previously from $138.00) on shares of JPMorgan Chase & Co. in a report on Monday, November 18th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $135.29.

JPM opened at $136.72 on Monday. The business has a fifty day simple moving average of $136.35 and a 200 day simple moving average of $121.98. The company has a market capitalization of $435.34 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. JPMorgan Chase & Co. has a 1 year low of $98.09 and a 1 year high of $141.10. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.93.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.25. JPMorgan Chase & Co. had a return on equity of 15.19% and a net margin of 25.49%. The business had revenue of $28.30 billion during the quarter, compared to the consensus estimate of $27.69 billion. During the same period in the previous year, the company posted $1.98 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 10.5 earnings per share for the current fiscal year.

In related news, General Counsel Stacey Friedman sold 6,441 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $137.10, for a total value of $883,061.10. Following the completion of the sale, the general counsel now owns 36,559 shares of the company’s stock, valued at $5,012,238.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel E. Pinto sold 64,198 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the completion of the sale, the chief executive officer now directly owns 451,481 shares of the company’s stock, valued at approximately $59,103,377.71. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,172 shares of company stock valued at $16,158,032. 0.76% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Meridian Financial Partners LLC boosted its holdings in JPMorgan Chase & Co. by 1.6% during the fourth quarter. Meridian Financial Partners LLC now owns 4,753 shares of the financial services provider’s stock worth $651,000 after buying an additional 76 shares during the last quarter. Eukles Asset Management boosted its stake in JPMorgan Chase & Co. by 36.5% in the 3rd quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 85 shares during the period. Shulman DeMeo Asset Management LLC boosted its stake in JPMorgan Chase & Co. by 1.8% in the 3rd quarter. Shulman DeMeo Asset Management LLC now owns 4,795 shares of the financial services provider’s stock valued at $564,000 after purchasing an additional 86 shares during the period. TPG Financial Advisors LLC boosted its stake in JPMorgan Chase & Co. by 4.5% in the 3rd quarter. TPG Financial Advisors LLC now owns 2,104 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 90 shares during the period. Finally, Access Financial Services Inc. boosted its stake in JPMorgan Chase & Co. by 0.5% in the 3rd quarter. Access Financial Services Inc. now owns 19,098 shares of the financial services provider’s stock valued at $2,248,000 after purchasing an additional 90 shares during the period. 72.05% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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