JPMorgan Chase & Co. (NYSE:JPM) Upgraded by Dbs Bank to "Hold" Rating

Key Points

• Dbs Bank has upgraded JPMorgan Chase & Co. to a "hold" rating, reflecting a shift in sentiment from previous recommendations.
• The company recently reported earnings of $5.07 per share, exceeding analysts' estimates and showcasing a revenue increase of 8.8% year-over-year.
• Currently, JPMorgan has a consensus rating of "Moderate Buy," with a target price averaging around $322.86 from various analysts.

JPMorgan Chase & Co. (NYSE:JPM) was upgraded by equities researchers at Dbs Bank to a "hold" rating in a report issued on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group restated a "buy" rating and issued a $366.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, October 14th. Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, September 30th. Wolfe Research boosted their target price on shares of JPMorgan Chase & Co. from $342.00 to $346.00 and gave the stock an "outperform" rating in a report on Thursday, October 16th. Phillip Securities downgraded shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Finally, KGI Securities boosted their target price on shares of JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a "hold" rating in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $322.86.

JPMorgan Chase & Co. Stock Down 1.1%

Shares of JPM stock opened at $293.83 on Tuesday. The stock has a market cap of $807.96 billion, a P/E ratio of 14.55, a PEG ratio of 1.79 and a beta of 1.13. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $318.01. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. The company's fifty day simple moving average is $303.23 and its two-hundred day simple moving average is $279.98.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts' consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The firm had revenue of $46.43 billion for the quarter, compared to the consensus estimate of $44.42 billion. During the same period in the previous year, the firm posted $4.37 EPS. The business's quarterly revenue was up 8.8% on a year-over-year basis. Analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Activity at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the transaction, the director directly owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.47% of the company's stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

A number of large investors have recently made changes to their positions in JPM. Harbor Asset Planning Inc. purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $26,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $28,000. University of Illinois Foundation purchased a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $30,000. Mizuho Securities Co. Ltd. boosted its position in JPMorgan Chase & Co. by 450.0% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 110 shares of the financial services provider's stock valued at $32,000 after buying an additional 90 shares during the period. Finally, Family Legacy Financial Solutions LLC boosted its position in JPMorgan Chase & Co. by 92.6% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 104 shares of the financial services provider's stock valued at $33,000 after buying an additional 50 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

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.

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