JPMorgan Chase & Co. (NYSE:JPM) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

A number of other research analysts also recently commented on JPM. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, September 26th. Wolfe Research assumed coverage on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 25th. They set an “outperform” rating for the company. Wells Fargo & Co set a $130.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Thursday, November 15th. Finally, Goldman Sachs Group set a $130.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Friday, October 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $123.74.

Shares of NYSE JPM traded down $2.04 on Thursday, reaching $105.19. 27,318,200 shares of the company traded hands, compared to its average volume of 14,687,451. JPMorgan Chase & Co. has a fifty-two week low of $102.20 and a fifty-two week high of $119.33. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $368.01 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.74 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The company had revenue of $27.26 billion during the quarter, compared to the consensus estimate of $27.20 billion. During the same quarter in the prior year, the company posted $1.76 EPS. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 9.26 EPS for the current year.

In other news, Director Mellody L. Hobson bought 1,150 shares of the firm’s stock in a transaction dated Friday, October 19th. The stock was acquired at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the acquisition, the director now owns 2,632 shares of the company’s stock, valued at $286,730.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.73% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Summit Trail Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 10,129.2% in the 1st quarter. Summit Trail Advisors LLC now owns 6,914,142 shares of the financial services provider’s stock valued at $6,914,000 after purchasing an additional 6,846,550 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of JPMorgan Chase & Co. by 104.9% in the 1st quarter. OppenheimerFunds Inc. now owns 9,051,033 shares of the financial services provider’s stock valued at $995,342,000 after purchasing an additional 4,634,515 shares in the last quarter. Charles Schwab Investment Advisory Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $278,896,000. Rehmann Capital Advisory Group raised its position in shares of JPMorgan Chase & Co. by 5,555.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 2,352,612 shares of the financial services provider’s stock valued at $11,266,384,000 after purchasing an additional 2,311,016 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp raised its position in shares of JPMorgan Chase & Co. by 108.1% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,835,312 shares of the financial services provider’s stock valued at $421,769,000 after purchasing an additional 1,992,507 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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.

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

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