DZ Bank Reaffirms “Neutral” Rating for JPMorgan Chase & Co. (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “neutral” rating restated by DZ Bank in a research note issued to investors on Wednesday,MarketScreener reports.

A number of other brokerages have also weighed in on JPM. The Goldman Sachs Group increased their target price on JPMorgan Chase & Co. from $354.00 to $386.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a research note on Monday, December 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a “hold” rating in a report on Tuesday, September 30th. Barclays increased their target price on JPMorgan Chase & Co. from $342.00 to $391.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Finally, Loop Capital set a $310.00 price objective on JPMorgan Chase & Co. in a research note on Thursday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $336.32.

JPMorgan Chase & Co. Stock Up 0.5%

JPM traded up $1.45 during trading hours on Wednesday, hitting $309.32. 14,740,119 shares of the company’s stock were exchanged, compared to its average volume of 12,761,427. The stock has a market cap of $842.05 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.52 and a beta of 1.07. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $337.25. The stock’s 50-day moving average is $315.52 and its two-hundred day moving average is $305.01. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.93 by $0.30. JPMorgan Chase & Co. had a return on equity of 17.16% and a net margin of 20.35%.The business had revenue of $46.77 billion for the quarter, compared to analyst estimates of $45.98 billion. During the same quarter in the prior year, the company posted $4.81 earnings per share. JPMorgan Chase & Co.’s revenue was up 7.1% on a year-over-year basis. Sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 966 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the completion of the sale, the insider owned 58,479 shares of the company’s stock, valued at approximately $18,240,769.68. This represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of large investors have recently added to or reduced their stakes in the stock. Harbor Asset Planning Inc. purchased a new stake in JPMorgan Chase & Co. in the second quarter worth about $26,000. Mizuho Securities Co. Ltd. lifted its holdings in JPMorgan Chase & Co. by 450.0% during the second quarter. Mizuho Securities Co. Ltd. now owns 110 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 90 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new position in shares of JPMorgan Chase & Co. in the third quarter worth approximately $32,000. Family Legacy Financial Solutions LLC increased its stake in shares of JPMorgan Chase & Co. by 92.6% in the third quarter. Family Legacy Financial Solutions LLC now owns 104 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 50 shares in the last quarter. Finally, Turning Point Benefit Group Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $35,000. Institutional investors own 71.55% of the company’s stock.

Key JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: Q4 results beat consensus (EPS and revenue beats), supporting underlying earnings momentum and revenue growth. JPMorgan Chase (JPM) Stock: Wall Street Dumps Shares Despite Earnings Win
• Positive Sentiment: Wall Street banks pushed record totals in dividends and buybacks, a tailwind for JPM shareholder returns and valuation support. Wall Street Banks Pay Out Record Total in Dividends and Buybacks
• Positive Sentiment: JPMorgan is investing in algo/electronic trading by creating a new quantitative trading and research unit — a move that could boost trading margins over time. JPMorgan Forms New Quant Unit As Electronic Trading Rivalry Intensifies
• Positive Sentiment: An institutional fund (Mn Services) added to its JPM position in the latest 13F filing — a small but constructive sign of demand from a large investor. Fund Update: Mn Services Vermogensbeheer B.V. Just Disclosed New Holdings
• Neutral Sentiment: CEO Jamie Dimon said he plans to stay “at least” five more years — a leadership-stability signal, though his spokesperson called it a joke. JPMorgan CEO Jamie Dimon says he wants to stay in job at least 5 more years
• Neutral Sentiment: Some analysts reiterated Buy ratings and raised targets after the quarter, providing research support that can limit downside. Reiterating JPMorgan Buy: Solid Fundamentals…
• Negative Sentiment: Bank shares initially sold off after earnings — investors punished the sector on valuation concerns and worry that upside was already priced in. That earlier weakness remains a volatility risk. Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem?
• Negative Sentiment: Political risk: proposals to cap credit-card interest rates (widely reported) are a direct overhang on JPM’s card business and were explicitly called out by bank executives as potentially damaging to margins. Under threat from Trump, Wall Street banks wager they can fend off credit card price controls

About JPMorgan Chase & Co.

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.