JPMorgan Chase & Co. (NYSE:JPM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

According to Zacks, “JPMorgan's energy exposure will remain an overhang in the near-term, with management expecting incremental reserve build this year. Moreover, top line growth is likely to remain challenged in the near-term owing to continued pressure on fee income. Also, with the enforcement of new banking regulations, additional pressure on fee income is expected in the near term. However, the company is expected to witness a rise in interest income driven by solid loan growth. Further, synergies from improving retail banking performance and cost-containment efforts will help the company improve its profitability.”

Other research analysts also recently issued reports about the company. Deutsche Bank AG restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, June 4th. Credit Suisse Group AG restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Barclays PLC restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Wells Fargo & Co. restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Finally, Jefferies Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Sunday, July 10th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $71.34.

JPMorgan Chase & Co. (NYSE:JPM) opened at 66.84 on Tuesday. The stock has a market cap of $241.39 billion, a PE ratio of 11.33 and a beta of 1.65. The stock has a 50 day moving average price of $66.27 and a 200 day moving average price of $63.13. JPMorgan Chase & Co. has a 1-year low of $52.50 and a 1-year high of $69.03.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Thursday, July 14th. The financial services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.12. JPMorgan Chase & Co. had a return on equity of 10.20% and a net margin of 24.47%. The firm had revenue of $24.40 billion for the quarter, compared to the consensus estimate of $23.84 billion. During the same period in the prior year, the business posted $1.54 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts predict that JPMorgan Chase & Co. will post $5.65 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.92 annualized dividend and a yield of 2.87%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.54%.

In other news, EVP Gordon Smith sold 23,735 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $64.05, for a total transaction of $1,520,226.75. Following the transaction, the executive vice president now directly owns 152,462 shares in the company, valued at approximately $9,765,191.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Matthew E. Zames sold 3,991 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $63.91, for a total value of $255,064.81. Following the transaction, the chief operating officer now owns 282,287 shares in the company, valued at $18,040,962.17. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of JPM. Thomaspartners Inc. boosted its position in shares of JPMorgan Chase & Co. by 2.8% in the first quarter. Thomaspartners Inc. now owns 2,209,051 shares of the financial services provider’s stock valued at $130,820,000 after buying an additional 59,821 shares in the last quarter. Royal Bank of Scotland Group PLC boosted its position in JPMorgan Chase & Co. by 0.6% in the first quarter. Royal Bank of Scotland Group PLC now owns 533,397 shares of the financial services provider’s stock worth $31,588,000 after buying an additional 3,010 shares in the last quarter. Aviva PLC boosted its position in JPMorgan Chase & Co. by 1.4% in the first quarter. Aviva PLC now owns 2,598,743 shares of the financial services provider’s stock worth $153,898,000 after buying an additional 35,131 shares in the last quarter. Marathon Asset Management LLP boosted its position in JPMorgan Chase & Co. by 1.9% in the second quarter. Marathon Asset Management LLP now owns 398,477 shares of the financial services provider’s stock worth $24,763,000 after buying an additional 7,247 shares in the last quarter. Finally, Primecap Management Co. CA boosted its position in JPMorgan Chase & Co. by 43.5% in the first quarter. Primecap Management Co. CA now owns 20,518,581 shares of the financial services provider’s stock worth $1,215,110,000 after buying an additional 6,218,550 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

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

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