JPMorgan Chase & Co. (NYSE:JPM) Trading Down 0.2% on Analyst Downgrade

JPMorgan Chase & Co. (NYSE:JPM)’s share price traded down 0.2% on Friday after Morgan Stanley lowered their price target on the stock from $226.00 to $220.00. Morgan Stanley currently has an overweight rating on the stock. JPMorgan Chase & Co. traded as low as $205.54 and last traded at $206.17. 2,296,977 shares were traded during mid-day trading, a decline of 75% from the average session volume of 9,108,462 shares. The stock had previously closed at $206.60.

A number of other equities analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Evercore ISI boosted their price objective on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. BMO Capital Markets lifted their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Oppenheimer boosted their price objective on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Citigroup upped their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.06.

Institutional Trading of JPMorgan Chase & Co.

Hedge funds have recently added to or reduced their stakes in the business. Gilbert & Cook Inc. lifted its stake in shares of JPMorgan Chase & Co. by 1.5% in the fourth quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock worth $1,932,000 after buying an additional 164 shares in the last quarter. Aveo Capital Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 13.0% during the 4th quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock valued at $876,000 after buying an additional 591 shares in the last quarter. Gryphon Financial Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 66.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock valued at $4,238,000 after buying an additional 10,025 shares in the last quarter. Advisor OS LLC lifted its stake in JPMorgan Chase & Co. by 5.6% in the 4th quarter. Advisor OS LLC now owns 15,903 shares of the financial services provider’s stock worth $2,705,000 after purchasing an additional 850 shares in the last quarter. Finally, Ironwood Investment Counsel LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. Ironwood Investment Counsel LLC now owns 28,111 shares of the financial services provider’s stock worth $4,782,000 after buying an additional 150 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

The stock has a market capitalization of $581.33 billion, a P/E ratio of 11.40, a P/E/G ratio of 2.33 and a beta of 1.12. The business’s fifty day moving average price is $211.34 and its two-hundred day moving average price is $200.92. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The company had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same quarter in the prior year, the company posted $4.37 earnings per share. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.