JPMorgan Chase & Co. (JPM) Upgraded to Strong-Buy at Vetr

Vetr upgraded shares of JPMorgan Chase & Co. (NYSE:JPM) from a buy rating to a strong-buy rating in a research report released on Friday. Vetr currently has $123.29 target price on the financial services provider’s stock.

A number of other equities analysts have also weighed in on JPM. Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a buy rating to a hold rating in a research report on Tuesday. Edward Jones upgraded shares of JPMorgan Chase & Co. from a hold rating to a buy rating in a research report on Thursday. Nomura lifted their price objective on shares of JPMorgan Chase & Co. from $113.00 to $117.00 and gave the company a neutral rating in a research report on Wednesday, February 28th. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $110.00 to $111.00 and gave the company a market perform rating in a research report on Wednesday, February 28th. Finally, Credit Suisse Group lifted their price objective on shares of JPMorgan Chase & Co. from $125.00 to $127.00 and gave the company an outperform rating in a research report on Monday, March 19th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $112.14.

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JPMorgan Chase & Co. (NYSE JPM) opened at $107.01 on Friday. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $119.33. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $377,343.88, a price-to-earnings ratio of 16.99, a P/E/G ratio of 1.86 and a beta of 1.18.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The firm had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. During the same period last year, the firm posted $1.71 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 3.3% on a year-over-year basis. equities analysts anticipate that JPMorgan Chase & Co. will post 8.89 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

In other news, insider Peter Scher sold 26,532 shares of JPMorgan Chase & Co. stock in a transaction on Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashley Bacon sold 16,434 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,844,223.48. Following the transaction, the insider now directly owns 98,811 shares of the company’s stock, valued at approximately $11,088,570.42. The disclosure for this sale can be found here. Insiders have sold a total of 152,047 shares of company stock valued at $17,098,115 in the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Several large investors have recently added to or reduced their stakes in JPM. Beach Investment Management LLC. increased its position in JPMorgan Chase & Co. by 1,117.4% during the 2nd quarter. Beach Investment Management LLC. now owns 559,171 shares of the financial services provider’s stock worth $51,108,000 after purchasing an additional 513,241 shares in the last quarter. GW Henssler & Associates Ltd. purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $261,000. Colorado Capital Management Inc. increased its position in JPMorgan Chase & Co. by 12.3% during the 2nd quarter. Colorado Capital Management Inc. now owns 2,863 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 314 shares in the last quarter. Highstreet Asset Management Inc. increased its position in JPMorgan Chase & Co. by 28.7% during the 2nd quarter. Highstreet Asset Management Inc. now owns 68,891 shares of the financial services provider’s stock worth $6,297,000 after purchasing an additional 15,347 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in JPMorgan Chase & Co. by 19.1% during the 2nd quarter. Ballentine Partners LLC now owns 25,589 shares of the financial services provider’s stock worth $2,371,000 after purchasing an additional 4,099 shares in the last quarter. 74.47% of the stock is owned by institutional investors and hedge funds.

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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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

To view Vetr’s full report, visit Vetr’s official website.

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

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