J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “sell” rating reaffirmed by equities researchers at Compass Point in a report issued on Wednesday. They presently have a $50.00 target price on the financial services provider’s stock. Compass Point’s price target would suggest a potential downside of 42.02% from the stock’s previous close.

Several other brokerages have also weighed in on JPM. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of J P Morgan Chase & Co in a report on Tuesday, September 13th. Zacks Investment Research lowered J P Morgan Chase & Co from a “hold” rating to a “sell” rating in a report on Wednesday, September 14th. lifted their price objective on J P Morgan Chase & Co from $71.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, September 23rd. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of J P Morgan Chase & Co in a report on Tuesday, September 27th. Finally, Nomura reissued a “hold” rating and set a $65.00 price objective on shares of J P Morgan Chase & Co in a report on Thursday, September 29th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. J P Morgan Chase & Co presently has a consensus rating of “Buy” and a consensus price target of $75.39.

Analyst Recommendations for J P Morgan Chase & Co (NYSE:JPM)

Shares of J P Morgan Chase & Co (NYSE:JPM) traded up 0.1710% on Wednesday, hitting $86.3875. The stock had a trading volume of 18,103,307 shares. J P Morgan Chase & Co has a 52 week low of $52.50 and a 52 week high of $88.17. The firm has a 50 day moving average price of $84.76 and a 200-day moving average price of $71.29. The company has a market cap of $309.08 billion, a price-to-earnings ratio of 14.9021 and a beta of 1.54.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings results on Friday, January 13th. The financial services provider reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.29. The company had revenue of $24.30 billion for the quarter, compared to the consensus estimate of $23.95 billion. J P Morgan Chase & Co had a return on equity of 10.47% and a net margin of 22.92%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.68 EPS. Analysts anticipate that J P Morgan Chase & Co will post $5.91 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, January 4th. This represents a $1.92 annualized dividend and a yield of 2.23%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 33.10%.

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In other J P Morgan Chase & Co news, CEO Mary E. Erdoes sold 25,542 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $67.26, for a total value of $1,717,954.92. Following the sale, the chief executive officer now owns 291,080 shares in the company, valued at $19,578,040.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Marianne Lake sold 14,083 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $67.26, for a total value of $947,222.58. Following the completion of the sale, the chief financial officer now owns 16,581 shares in the company, valued at approximately $1,115,238.06. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in JPM. Punch & Associates Investment Management Inc. raised its stake in J P Morgan Chase & Co by 1.3% in the second quarter. Punch & Associates Investment Management Inc. now owns 85,188 shares of the financial services provider’s stock valued at $5,294,000 after buying an additional 1,129 shares in the last quarter. Burns J W & Co. Inc. NY raised its stake in J P Morgan Chase & Co by 11.9% in the second quarter. Burns J W & Co. Inc. NY now owns 67,179 shares of the financial services provider’s stock valued at $4,175,000 after buying an additional 7,141 shares in the last quarter. Arcadia Investment Management Corp MI raised its stake in J P Morgan Chase & Co by 1.7% in the second quarter. Arcadia Investment Management Corp MI now owns 7,603 shares of the financial services provider’s stock valued at $472,000 after buying an additional 125 shares in the last quarter. Trust Co. of Virginia VA raised its stake in J P Morgan Chase & Co by 1.3% in the second quarter. Trust Co. of Virginia VA now owns 15,216 shares of the financial services provider’s stock valued at $946,000 after buying an additional 196 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its stake in J P Morgan Chase & Co by 9.1% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 362,100 shares of the financial services provider’s stock valued at $22,501,000 after buying an additional 30,308 shares in the last quarter. Hedge funds and other institutional investors own 72.33% of the company’s stock.

J P Morgan 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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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