JPMorgan Chase & Co. (JPM) Stock Rating Upgraded by DZ Bank

DZ Bank upgraded shares of JPMorgan Chase & Co. (NYSE:JPM) from a sell rating to a hold rating in a research report report published on Wednesday morning.

Several other brokerages also recently weighed in on JPM. Argus increased their target price on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a buy rating in a research note on Friday, January 12th. Barclays upped their price target on shares of JPMorgan Chase & Co. from $100.00 to $105.00 and gave the stock an overweight rating in a report on Friday, October 13th. Nomura set a $115.00 price target on shares of JPMorgan Chase & Co. and gave the stock a neutral rating in a report on Friday, January 12th. Credit Suisse Group restated an outperform rating and issued a $125.00 price target (up from $120.00) on shares of JPMorgan Chase & Co. in a report on Tuesday. Finally, Oppenheimer restated a hold rating on shares of JPMorgan Chase & Co. in a report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $105.81.

Shares of JPMorgan Chase & Co. (NYSE JPM) traded down $0.25 on Wednesday, hitting $113.01. 18,716,039 shares of the stock traded hands, compared to its average volume of 14,000,000. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $114.34. The stock has a market capitalization of $392,110.00, a P/E ratio of 17.71, a P/E/G ratio of 1.96 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 earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share 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 for the quarter, compared to the consensus estimate of $24.87 billion. During the same quarter in the prior year, the firm posted $1.71 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. sell-side analysts forecast that JPMorgan Chase & Co. will post 8.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 35.11%.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 65,101 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the transaction, the chief executive officer now directly owns 479,882 shares in the company, valued at approximately $53,866,754.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, the general counsel now owns 15,279 shares in the company, valued at $1,557,846.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,146 shares of company stock worth $17,312,129. 0.88% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of JPM. Winslow Evans & Crocker Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 5.8% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 20,616 shares of the financial services provider’s stock valued at $2,205,000 after buying an additional 1,126 shares in the last quarter. V Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 16.5% in the 4th quarter. V Wealth Management LLC now owns 15,289 shares of the financial services provider’s stock valued at $1,718,000 after buying an additional 2,164 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of JPMorgan Chase & Co. by 16.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,150 shares of the financial services provider’s stock valued at $2,721,000 after buying an additional 3,466 shares in the last quarter. TRUE Private Wealth Advisors boosted its holdings in shares of JPMorgan Chase & Co. by 49.3% in the 4th quarter. TRUE Private Wealth Advisors now owns 18,284 shares of the financial services provider’s stock valued at $1,955,000 after buying an additional 6,034 shares in the last quarter. Finally, Personal Capital Advisors Corp boosted its holdings in shares of JPMorgan Chase & Co. by 1.1% in the 4th quarter. Personal Capital Advisors Corp now owns 63,004 shares of the financial services provider’s stock valued at $6,738,000 after buying an additional 657 shares in the last quarter. Institutional investors own 73.78% of the company’s stock.

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About JPMorgan Chase & Co.

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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