Market Pundits Expect Some Pressure on JPMorgan Chase (JPM)

Xavier Trudeau
Juillet 17, 2017

The Relative Volume of the company is 1.53 and Average Volume (3 months) is 14.49 million.

In terms of JPMorgan Chase & Co. Capstone Fincl Advsr owns 2.29% invested in JPMorgan Chase & Co. The institutional investor held 199,165 shares of the major banks company at the end of 2016Q4, valued at $3.62M, down from 216,994 at the end of the previous reported quarter.

Analyst mean recommendation rating on a stock by the analyst community is at 2.40. Argus Research maintained JPMorgan Chase & Co. FIL Ltd now owns 7,365,199 shares of the financial services provider's stock worth $635,544,000 after buying an additional 211,295 shares during the period. RidgeWorth Capital Management LLC raised its position in shares of J P Morgan Chase & Co by 25.7% in the fourth quarter. Insiders sold a total of 20,711 shares of company stock worth $1,775,791 over the last quarter. Glacier Peak Capital LLC acquired a new position in shares of J P Morgan Chase & Co during the fourth quarter worth $129,000. Manikay Prtnrs Ltd Company has 7.05% invested in Citigroup Inc (NYSE:C) for 2.25M shares.

J P Morgan Chase & Co (JPM) opened at 92.25 on Monday.

Washington Trust Company decreased Jp Morgan Chase & Co (JPM) stake by 2.7% reported in 2016Q4 SEC filing. The company has a market capitalization of $327.70 billion, a P/E ratio of 14.20 and a beta of 1.19. The firm's 50-day moving average is $85.98 and its 200 day moving average is $87.09. (NYSE:JPM) news were published by: Seekingalpha.com which released: "JPMorgan Chase Second Quarter Profits - And More Questions" on July 16, 2017, also Businessinsider.com with their article: "JPMorgan beats, posts record-breaking quarter" published on July 14, 2017, Investorplace.com published: "3 Stocks to Watch on Friday: JPMorgan Chase & Co".

Maximum and minimum EPS estimate for the current quarter is projected at $1.78 and $1.55, respectively, according to 22 analysts. The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The firm's revenue was up 4.6% on a year-over-year basis.

Although, JPMorgan Chase (NYSE:JPM) earned $26.5B in the last twelve months, the highest earnings ever by any US bank, the company's lower than expected outlook for net interest income hasn't impressed investors.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. The company was maintained on Thursday, July 6 by Goldman Sachs. The firm has "Neutral" rating by Piper Jaffray given on Monday, July 11. J P Morgan Chase & Co's payout ratio is 30.82%. The correct version of this article can be read at https://www.chaffeybreeze.com/2017/07/17/dalton-greiner-hartman-maher-co-has-18-15-million-position-in-j-p-morgan-chase-co-jpm-updated.html. If you are accessing this news story on another site, it was illegally copied and reposted in violation of global trademark & copyright legislation. Finally, Tortoise Investment Management LLC boosted its position in shares of J P Morgan Chase & Co by 434.9% in the fourth quarter.

Several research analysts have recently weighed in on the stock. Vetr upgraded shares of J P Morgan Chase & Co from a "buy" rating to a "strong-buy" rating and set a $97.82 target price on the stock in a research report on Wednesday, April 12th. Barclays PLC reissued an "overweight" rating and set a $100.00 price objective on shares of J P Morgan Chase & Co in a report on Monday, March 20th. Finally, Nomura reiterated a "neutral" rating and issued a $83.00 price target on shares of J P Morgan Chase & Co in a report on Monday, April 17th. BidaskClub cut shares of J P Morgan Chase & Co from a "buy" rating to a "hold" rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty have issued a buy rating to the stock. J P Morgan Chase & Co presently has a consensus rating of "Buy" and a consensus target price of $84.71.

In related news, Director James S. Crown purchased 11,500 shares of the company's stock in a transaction that occurred on Wednesday, April 19th. Its stock looks overvalued considering its book value per share of $66.05 and tangible book value per share of $53.29. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ashley Bacon sold 6,514 shares of the stock in a transaction dated Thursday, May 11th. BMO Capital Markets has "Hold" rating and $85 target. Following the transaction, the insider now directly owns 47,384 shares in the company, valued at approximately $4,132,358.64. The disclosure for this sale can be found here. Insiders own 0.85% of the company's stock. Warren Averett Asset Mgmt Ltd Liability owns 0.27% invested in JPMorgan Chase & Co.

A price target is the projected price level of a financial security stated by an investment analyst. It operates in four divisions, as well as a Corporate segment.

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