JPMorgan Chase & Co.'s (JPM) "Neutral" Rating Reaffirmed at DZ Bank

Key Points

• JPMorgan Chase & Co.'s stock maintains a "neutral" rating as reaffirmed by DZ Bank, while other analysts hold varied ratings, with a consensus rating of "Hold" and an average target price of $319.40.
• The company's most recent earnings report showed an EPS of $5.07, surpassing analyst expectations, and revenues increased by 8.8% year-over-year.
• JPMorgan's stock was up 1.3% during trading, closing at $305.94, with a one-year low of $202.16 and a high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM)'s stock had its "neutral" rating reiterated by DZ Bank in a research note issued on Wednesday,MarketScreener Latest Ratings reports.

Other equities research analysts also recently issued reports about the stock. Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Royal Bank Of Canada reissued a "buy" rating and set a $343.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday. Bank of America increased their target price on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Friday, June 27th. Finally, Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the company an "overweight" rating in a research report on Tuesday, September 16th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $319.40.

JPMorgan Chase & Co. Stock Up 1.3%

JPM stock traded up $3.86 during trading on Wednesday, reaching $305.94. The stock had a trading volume of 8,078,753 shares, compared to its average volume of 9,559,598. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The company's 50 day moving average is $302.11 and its two-hundred day moving average is $277.61. The company has a market capitalization of $841.24 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.99 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $46.43 billion during the quarter, compared to the consensus estimate of $44.42 billion. During the same period in the prior year, the firm posted $4.37 EPS. The firm's quarterly revenue was up 8.8% compared to the same quarter last year. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the sale, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.47% of the stock is owned by corporate insiders.

Institutional Trading of JPMorgan Chase & Co.

Several institutional investors and hedge funds have recently bought and sold shares of JPM. Harbor Asset Planning Inc. bought a new position in shares of JPMorgan Chase & Co. in the 2nd quarter worth $26,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth $28,000. University of Illinois Foundation bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth $30,000. Mizuho Securities Co. Ltd. increased its holdings in shares of 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 worth $32,000 after buying an additional 90 shares during the last quarter. Finally, Family Legacy Financial Solutions LLC increased its holdings in shares of 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 worth $33,000 after buying an additional 50 shares during the last quarter. 71.55% of the stock is currently 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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