Trade Report: Today: JPMorgan Chase & Co. (JPM) Earns Sell Rating from Analysts at Compass Point

Today: JPMorgan Chase & Co. (JPM) Earns Sell Rating from Analysts at Compass Point

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

Several other brokerages have also recently weighed in on JPM. Wells Fargo & Co. reaffirmed a buy rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Argus reaffirmed a buy rating and issued a $72.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 18th. Sanford C. Bernstein cut JPMorgan Chase & Co. from an outperform rating to a market perform rating and upped their price target for the stock from $65.72 to $67.00 in a research note on Tuesday, August 16th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reaffirmed an outperform rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 27th. Finally, Zacks Investment Research cut JPMorgan Chase & Co. from a hold rating to a sell rating in a research note on Wednesday, September 14th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $72.35.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at 67.52 on Tuesday. The stock’s 50 day moving average price is $67.03 and its 200 day moving average price is $64.01. The stock has a market capitalization of $243.85 billion, a price-to-earnings ratio of 11.44 and a beta of 1.54. JPMorgan Chase & Co. has a 12 month low of $52.50 and a 12 month high of $69.06.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.19. The company had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $23.99 billion. JPMorgan Chase & Co. had a return on equity of 10.20% and a net margin of 24.47%. The firm’s revenue for the quarter 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. Analysts expect that JPMorgan Chase & Co. will post $5.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 6th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, October 4th. JPMorgan Chase & Co.’s payout ratio is 33.10%.

Large investors have recently bought and sold shares of the stock. PM CAPITAL Ltd bought a new stake in JPMorgan Chase & Co. during the first quarter valued at about $48,920,000. Watch Point Trust Co raised its stake in JPMorgan Chase & Co. by 3.9% in the first quarter. Watch Point Trust Co now owns 35,680 shares of the financial services provider’s stock valued at $2,113,000 after buying an additional 1,325 shares during the last quarter. UMB Bank N A MO raised its stake in JPMorgan Chase & Co. by 2.7% in the first quarter. UMB Bank N A MO now owns 542,588 shares of the financial services provider’s stock valued at $32,132,000 after buying an additional 14,176 shares during the last quarter. Stokes & Hubbell Capital Management LLC raised its stake in JPMorgan Chase & Co. by 18.8% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 8,109 shares of the financial services provider’s stock valued at $480,000 after buying an additional 1,283 shares during the last quarter. Finally, Raymond James Trust N.A. raised its stake in JPMorgan Chase & Co. by 7.1% in the first quarter. Raymond James Trust N.A. now owns 253,158 shares of the financial services provider’s stock valued at $14,992,000 after buying an additional 16,825 shares during the last quarter. 73.34% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Company Profile

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