Weiss Ratings Reiterates "Buy (B+)" Rating for JPMorgan Chase & Co. (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPM)'s stock had its "buy (b+)" rating restated by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other analysts also recently issued reports about the company. Phillip Securities downgraded JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Evercore ISI raised their price objective on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 30th. Bank of America raised their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. The Goldman Sachs Group raised their price objective on JPMorgan Chase & Co. from $336.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Finally, Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $298.00 to $336.00 and gave the company an "equal weight" rating in a research report on Monday, September 29th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Hold" and an average price target of $309.95.

JPMorgan Chase & Co. Trading Down 1.1%

Shares of JPM stock opened at $304.31 on Wednesday. The stock's fifty day moving average is $301.19 and its two-hundred day moving average is $275.87. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $836.78 billion, a P/E ratio of 15.61, a PEG ratio of 1.99 and a beta of 1.13. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same quarter in the previous year, the firm earned $6.12 EPS. The company's quarterly revenue was down 10.5% compared to the same quarter last year. Research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.47% of the company's stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several large investors have recently made changes to their positions in the company. Sheets Smith Investment Management acquired a new position in JPMorgan Chase & Co. during the third quarter worth $246,000. Talbot Financial LLC raised its position in JPMorgan Chase & Co. by 1.2% during the third quarter. Talbot Financial LLC now owns 108,558 shares of the financial services provider's stock worth $34,242,000 after acquiring an additional 1,288 shares during the period. First County Bank CT raised its position in JPMorgan Chase & Co. by 0.8% during the third quarter. First County Bank CT now owns 8,391 shares of the financial services provider's stock worth $2,647,000 after acquiring an additional 69 shares during the period. FCG Investment Co raised its position in JPMorgan Chase & Co. by 0.7% during the third quarter. FCG Investment Co now owns 19,539 shares of the financial services provider's stock worth $6,163,000 after acquiring an additional 141 shares during the period. Finally, YHB Investment Advisors Inc. raised its position in JPMorgan Chase & Co. by 0.6% during the third quarter. YHB Investment Advisors Inc. now owns 49,956 shares of the financial services provider's stock worth $15,758,000 after acquiring an additional 292 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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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