JPMorgan Chase & Co. (NYSE:JPM) Downgraded to Sell at StockNews.com

StockNews.com lowered shares of JPMorgan Chase & Co. (NYSE:JPM) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Several other research analysts also recently weighed in on the stock. Oppenheimer cut their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an outperform rating for the company in a research note on Monday, April 15th. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a buy rating in a research note on Tuesday, May 21st. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a market perform rating in a research note on Tuesday, May 21st. Robert W. Baird upped their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a neutral rating in a research note on Tuesday, May 21st. Finally, Evercore ISI upped their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an outperform rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $194.10.

Check Out Our Latest Report on JPM

JPMorgan Chase & Co. Trading Down 1.2 %

Shares of JPM stock opened at $196.30 on Wednesday. The firm has a 50-day moving average price of $195.20 and a 200 day moving average price of $184.67. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $205.88. The company has a market capitalization of $563.71 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 2.67 and a beta of 1.12. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The firm had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. Research analysts forecast that JPMorgan Chase & Co. will post 16.41 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Insider Activity

In related news, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the transaction, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the transaction, the insider now directly owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. In the last three months, insiders sold 254,485 shares of company stock worth $47,728,528. 0.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several hedge funds and other institutional investors have recently made changes to their positions in JPM. Stone House Investment Management LLC boosted its position in JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares during the period. Retirement Group LLC boosted its position in JPMorgan Chase & Co. by 227.1% during the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 109 shares during the period. Richardson Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth $34,000. Davidson Capital Management Inc. acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth $37,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth $40,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

About JPMorgan Chase & Co.

(Get Free Report)

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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

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