JPMorgan Chase & Co. (NYSE:JPM) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of JPMorgan Chase & Co. (NYSE:JPM) from a hold rating to a sell rating in a research report report published on Saturday,Wall Street Zen reports.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $370.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. The Goldman Sachs Group reissued an “outperform” rating and set a $392.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 13th. Finally, Freedom Broker upgraded JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.33.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $341.95 on Friday. The company has a market cap of $908.09 billion, a P/E ratio of 14.34, a P/E/G ratio of 1.39 and a beta of 1.03. The business has a fifty day simple moving average of $341.56 and a 200-day simple moving average of $323.98. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share for the quarter, missing the consensus estimate of $5.94 by ($0.19). JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The business had revenue of $50.17 billion for the quarter, compared to analysts’ expectations of $51.23 billion. During the same quarter last year, the company posted $5.07 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts forecast that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th were given a dividend of $1.65 per share. The ex-dividend date of this dividend was Tuesday, October 6th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.68%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the transaction, the insider directly owned 71,047 shares in the company, valued at $25,066,092.07. This represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of JPMorgan Chase & Co. by 0.8% in the second quarter. State Street Corp now owns 125,209,293 shares of the financial services provider’s stock worth $40,984,758,000 after purchasing an additional 932,632 shares in the last quarter. Bank of America Corp DE raised its stake in shares of JPMorgan Chase & Co. by 6.1% during the second quarter. Bank of America Corp DE now owns 69,666,753 shares of the financial services provider’s stock valued at $22,804,018,000 after purchasing an additional 4,006,293 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in JPMorgan Chase & Co. by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 21,642,804 shares of the financial services provider’s stock worth $7,084,339,000 after purchasing an additional 540,362 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in JPMorgan Chase & Co. by 0.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,833,413 shares of the financial services provider’s stock valued at $6,164,741,000 after buying an additional 134,634 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in JPMorgan Chase & Co. by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 17,749,268 shares of the financial services provider’s stock valued at $5,871,991,000 after buying an additional 321,856 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Key JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: IPO activity lifted investment-bank sentiment. JPMorgan shares were among the large bank stocks gaining as investors focused on banks’ opportunity to earn fees from a coming wave of major IPOs. This is a near-term tailwind, though the article does not identify a specific JPMorgan mandate. Article: Morgan Stanley Climbs 4% on Vinyl Equity Deal to Capture IPO Wealth; Goldman Sachs Rises 5%, JPMorgan Gains 2%
• Neutral Sentiment: Shareholding disclosures appear to be secondary. JPMorgan and affiliates ceased to be substantial holders of Liontown, while a separate filing disclosed a 6.884% stake in BlueNord. These notices concern JPMorgan’s investment holdings and provide little direct information about its operating outlook. Article: JPMorgan Chase and Affiliates Cease to Be Substantial Holders of Liontown Article: JPMorgan Chase Discloses 6.884% Stake in BlueNord
• Negative Sentiment: Potential 2027 M&A slowdown could weigh on advisory fees. JPMorgan expects deal activity to moderate, which may pressure investment-banking revenue; more private-equity exits could partly offset that risk. Article: JPM Expects M&A Slowdown in 2027: Can Private Equity Exits Offset?
• Negative Sentiment: Reported ETF selling may signal some investor outflows. ETFs were net sellers of $144.5 million of JPMorgan shares on Nov. 5. This is a dated flow datapoint, not evidence by itself of a lasting change in sentiment. Article: ETFs Are Net Sellers of JPMorgan Chase (JPM) on Nov. 5

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a global financial services company serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management.

The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.

Headquartered in New York City, JPMorgan Chase serves customers across the United States and operates in many international markets.