4 days Ago By ABMN Staff
JPMorgan Chase & Co. ( NYSE:JPM ) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.
A number of other brokerages have also recently weighed in on JPM. Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th.
Bank of America decreased their target price on JPMorgan Chase & Co. from $285.00 to $284.
00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. UBS Group raised their target price on JPMorgan Chase & Co. from $276.
00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Evercore ISI decreased their price target on JPMorgan Chase & Co.
from $273.00 to $265.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st.
Finally, Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.
00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.
com, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus target price of $254.11.
Get Our Latest Stock Analysis on JPM JPMorgan Chase & Co. Stock Performance JPMorgan Chase & Co. ( NYSE:JPM – Get Free Report ) last posted its quarterly earnings results on Friday, April 11th.
The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.63 by $0.
44. JPMorgan Chase & Co. had a net margin of 20.
96% and a return on equity of 16.99%. The firm had revenue of $45.
30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter last year, the firm posted $4.
44 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 8.
0% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.
1 earnings per share for the current year. Insider Buying and Selling In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction dated Thursday, February 20th.
The shares were sold at an average price of $269.84, for a total value of $10,119,000.00.
Following the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. This trade represents a 19.
14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction dated Thursday, January 16th.
The shares were sold at an average price of $253.94, for a total transaction of $838,763.82.
Following the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This represents a 6.
49 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 76,848 shares of company stock worth $19,987,908 over the last ninety days.
0.79% of the stock is owned by insiders. Institutional Investors Weigh In On JPMorgan Chase & Co.
Large investors have recently added to or reduced their stakes in the stock. Redwood Park Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $29,000.
Curat Global LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at $33,000. Sellwood Investment Partners LLC acquired a new position in shares of JPMorgan Chase & Co.
during the fourth quarter valued at $34,000. Investment Counsel Co. of Nevada bought a new stake in shares of JPMorgan Chase & Co.
during the fourth quarter valued at about $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $43,000.
71.55% of the stock is owned by institutional investors and hedge funds. About JPMorgan Chase & Co.
( Get Free Report ) JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.
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