JPMorgan Chase & Co. (NYSE:JPM) Stock Rating Upgraded by StockNews.com

JPMorgan Chase & Co. (NYSE:JPM) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Monday.

JPM has been the topic of a number of other research reports. Bank of America decreased their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Evercore ISI dropped their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research report on Thursday, January 16th. KGI Securities started coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a "hold" rating for the company. Finally, UBS Group raised their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and a consensus target price of $255.67.

JPMorgan Chase & Co. Price Performance

NYSE:JPM traded down $0.09 during trading hours on Monday, reaching $244.53. 12,972,514 shares of the company's stock were exchanged, compared to its average volume of 9,649,373. The business's 50-day simple moving average is $239.74 and its two-hundred day simple moving average is $244.19. JPMorgan Chase & Co. has a 12 month low of $188.46 and a 12 month high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $680.53 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01.

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 return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter in the prior year, the firm posted $4.44 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the transaction, the insider now owns 50,377 shares in the company, valued at $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,545 shares of company stock worth $19,149,144 over the last ninety days. Insiders own 0.47% of the company's stock.

Institutional Trading of JPMorgan Chase & Co.

A number of hedge funds have recently modified their holdings of JPM. Redwood Park Advisors LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter worth $29,000. Curat Global LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $33,000. Sellwood Investment Partners LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $34,000. Investment Counsel Co. of Nevada purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $37,000. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $43,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Company Profile

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.