Trade Report: Today, JPMorgan Chase & Co. (JPM) Cut to “Hold” at Vetr Inc.

Today, JPMorgan Chase & Co. (JPM) Cut to “Hold” at Vetr Inc.

JPMorgan Chase & Co. (NYSE:JPM) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Monday. They presently have a $71.81 price objective on the financial services provider’s stock. Vetr‘s price target indicates a potential downside of 8.91% from the company’s previous close.

Several other equities analysts have also recently weighed in on JPM. Jefferies Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Sunday, July 10th. KeyCorp reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 12th. Berenberg Bank started coverage on JPMorgan Chase & Co. in a research note on Wednesday, July 13th. They issued a “sell” rating on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $73.00 price target (up previously from $71.00) on shares of JPMorgan Chase & Co. in a research note on Friday, July 15th. Finally, Nomura reiterated a “neutral” rating and issued a $67.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, July 15th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $72.43.

JPMorgan Chase & Co. (NYSE:JPM) traded down 0.04% during trading on Monday, reaching $78.83. The company’s stock had a trading volume of 6,185,719 shares. The firm has a 50 day moving average price of $71.70 and a 200-day moving average price of $66.33. JPMorgan Chase & Co. has a 52-week low of $52.50 and a 52-week high of $80.44. The stock has a market cap of $282.04 billion, a price-to-earnings ratio of 13.60 and a beta of 1.51.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.19. The firm earned $25.50 billion during the quarter. JPMorgan Chase & Co. had a return on equity of 10.47% and a net margin of 22.92%. JPMorgan Chase & Co.’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.54 earnings per share. On average, analysts expect that JPMorgan Chase & Co. will post $5.88 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Thursday, October 6th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Tuesday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 33.10%.

In other JPMorgan Chase & Co. news, CFO Marianne Lake sold 14,083 shares of the stock in a transaction on Monday, October 17th. The stock was sold at an average price of $67.26, for a total transaction of $947,222.58. Following the completion of the transaction, the chief financial officer now directly owns 16,581 shares of the company’s stock, valued at $1,115,238.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mary E. Erdoes sold 25,542 shares of the stock in a transaction on Monday, October 17th. The shares were sold at an average price of $67.26, for a total value of $1,717,954.92. Following the transaction, the chief executive officer now directly owns 291,080 shares of the company’s stock, valued at $19,578,040.80. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Wunderlich Capital Managemnt raised its position in shares of JPMorgan Chase & Co. by 2.1% in the first quarter. Wunderlich Capital Managemnt now owns 23,781 shares of the financial services provider’s stock valued at $1,408,000 after buying an additional 491 shares during the period. Burgundy Asset Management Ltd. increased its stake in JPMorgan Chase & Co. by 41.8% in the first quarter. Burgundy Asset Management Ltd. now owns 27,346 shares of the financial services provider’s stock valued at $1,619,000 after buying an additional 8,065 shares in the last quarter. LVW Advisors LLC increased its stake in JPMorgan Chase & Co. by 1.5% in the first quarter. LVW Advisors LLC now owns 63,225 shares of the financial services provider’s stock valued at $3,744,000 after buying an additional 937 shares in the last quarter. Monetary Management Group Inc. increased its stake in JPMorgan Chase & Co. by 98.5% in the first quarter. Monetary Management Group Inc. now owns 33,605 shares of the financial services provider’s stock valued at $1,990,000 after buying an additional 16,675 shares in the last quarter. Finally, CapWealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 1.5% in the first quarter. CapWealth Advisors LLC now owns 39,421 shares of the financial services provider’s stock valued at $2,334,000 after buying an additional 590 shares in the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

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.

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