JPMorgan Chase & Co. (JPM) Research Coverage Started at Compass Point

Compass Point started coverage on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research note issued to investors on Tuesday morning. The brokerage issued a sell rating on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Group restated a buy rating on shares of JPMorgan Chase & Co. in a research report on Sunday, July 10th. Credit Suisse Group AG reiterated a buy rating on shares of JPMorgan Chase & Co. in a research report on Saturday, July 9th. Wells Fargo & Co. reiterated a buy rating on shares of JPMorgan Chase & Co. in a research report on Saturday, July 9th. Barclays PLC reiterated a buy rating on shares of JPMorgan Chase & Co. in a research report on Saturday, July 9th. Finally, BMO Capital Markets reiterated a buy rating and set a $74.00 price objective (down previously from $77.00) on shares of JPMorgan Chase & Co. in a research report on Sunday, July 17th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-three have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $72.25.

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

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at 67.74 on Tuesday. JPMorgan Chase & Co. has a 52-week low of $52.50 and a 52-week high of $69.06. The stock has a market capitalization of $244.64 billion, a PE ratio of 11.48 and a beta of 1.54. The stock has a 50 day moving average of $66.99 and a 200 day moving average of $63.95.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 14th. The financial services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.39 by $0.19. JPMorgan Chase & Co. had a net margin of 24.47% and a return on equity of 10.20%. The firm had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts forecast that JPMorgan Chase & Co. will post $5.66 earnings per share for the current 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 issued a $0.48 dividend. The ex-dividend date is Tuesday, October 4th. This represents a $1.92 dividend on an annualized basis and a yield of 2.83%. JPMorgan Chase & Co.’s payout ratio is currently 32.54%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter worth about $107,000. Jackson Grant Investment Advisers Inc. increased its stake in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock valued at $125,000 after buying an additional 14 shares in the last quarter. Vigilant Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 22.1% in the second quarter. Vigilant Capital Management LLC now owns 2,079 shares of the financial services provider’s stock valued at $129,000 after buying an additional 376 shares in the last quarter. Perkins Coie Trust Co increased its stake in shares of JPMorgan Chase & Co. by 10.2% in the second quarter. Perkins Coie Trust Co now owns 2,163 shares of the financial services provider’s stock valued at $134,000 after buying an additional 200 shares in the last quarter. Finally, CT Financial Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 4.2% in the third quarter. CT Financial Advisors LLC now owns 2,187 shares of the financial services provider’s stock valued at $146,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

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 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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