Reaffirmed: JP Morgan Chase (NYSE:JPM) “Hold” Rating Reconfirmed at Robert W. Baird; $92.0 Target in Place

February 25, 2018 - By Linda Rogers

 Reaffirmed: JP Morgan Chase (NYSE:JPM)

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.28, from 1.19 in 2017Q2. It turned negative, as 65 investors sold JPMorgan Chase & Co. shares while 767 reduced holdings. 125 funds opened positions while 635 raised stakes. 2.50 billion shares or 7.05% less from 2.69 billion shares in 2017Q2 were reported.

Gendell Jeffrey L owns 0.24% invested in JPMorgan Chase & Co. (NYSE:JPM) for 31,655 shares. Horizon Kinetics, New York-based fund reported 8,910 shares. 16,000 were accumulated by Viking Fund Mngmt Ltd Liability Co. 279,988 were accumulated by Roffman Miller Assoc Inc Pa. Ahl Prtn Limited Liability Partnership, United Kingdom-based fund reported 15,666 shares. Prns Mngmt owns 2.22% invested in JPMorgan Chase & Co. (NYSE:JPM) for 121,624 shares. Conning Inc holds 0.35% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 108,235 shares. Lpl Financial Ltd stated it has 791,430 shares. Bnp Paribas Asset Mngmt Sa reported 0.79% in JPMorgan Chase & Co. (NYSE:JPM). Michael Susan Dell Foundation holds 23.63% or 313,853 shares. Int holds 2.07% or 18.08M shares. Capital Advsr Limited Ltd holds 1,935 shares. Clark Management Gp Inc, a Pennsylvania-based fund reported 552,660 shares. Palo Cap holds 9,170 shares or 0.46% of its portfolio. 6,668 were reported by Ironwood Invest.

Since October 25, 2017, it had 1 insider purchase, and 9 sales for $22.34 million activity. $825,327 worth of stock was bought by CROWN JAMES S on Tuesday, January 16. 48,344 shares were sold by Petno Douglas B, worth $5.43M on Saturday, January 13. 16,434 JPMorgan Chase & Co. (NYSE:JPM) shares with value of $1.84M were sold by BACON ASHLEY. $425,399 worth of stock was sold by Giles Nicole on Saturday, January 13. On Saturday, January 13 the insider Lake Marianne sold $1.03M. $7.31M worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Erdoes Mary E. on Saturday, January 13.

JP Morgan Chase (NYSE:JPM) Rating Reaffirmed

The firm has just set a target of $92.0 on JP Morgan Chase (NYSE:JPM) shares. This is -21.58 % from the current stock price. In a note revealed to clients and investors on Wednesday, 15 November, Robert W. Baird kept their “Hold” rating on shares of JPM.

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.28, from 1.19 in 2017Q2. It turned negative, as 65 investors sold JPMorgan Chase & Co. shares while 767 reduced holdings. 125 funds opened positions while 635 raised stakes. 2.50 billion shares or 7.05% less from 2.69 billion shares in 2017Q2 were reported.

Gendell Jeffrey L owns 0.24% invested in JPMorgan Chase & Co. (NYSE:JPM) for 31,655 shares. Horizon Kinetics, New York-based fund reported 8,910 shares. 16,000 were accumulated by Viking Fund Mngmt Ltd Liability Co. 279,988 were accumulated by Roffman Miller Assoc Inc Pa. Ahl Prtn Limited Liability Partnership, United Kingdom-based fund reported 15,666 shares. Prns Mngmt owns 2.22% invested in JPMorgan Chase & Co. (NYSE:JPM) for 121,624 shares. Conning Inc holds 0.35% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 108,235 shares. Lpl Financial Ltd stated it has 791,430 shares. Bnp Paribas Asset Mngmt Sa reported 0.79% in JPMorgan Chase & Co. (NYSE:JPM). Michael Susan Dell Foundation holds 23.63% or 313,853 shares. Int holds 2.07% or 18.08M shares. Capital Advsr Limited Ltd holds 1,935 shares. Clark Management Gp Inc, a Pennsylvania-based fund reported 552,660 shares. Palo Cap holds 9,170 shares or 0.46% of its portfolio. 6,668 were reported by Ironwood Invest.

Since October 25, 2017, it had 1 insider purchase, and 9 sales for $22.34 million activity. $825,327 worth of stock was bought by CROWN JAMES S on Tuesday, January 16. 48,344 shares were sold by Petno Douglas B, worth $5.43M on Saturday, January 13. 16,434 JPMorgan Chase & Co. (NYSE:JPM) shares with value of $1.84M were sold by BACON ASHLEY. $425,399 worth of stock was sold by Giles Nicole on Saturday, January 13. On Saturday, January 13 the insider Lake Marianne sold $1.03M. $7.31M worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Erdoes Mary E. on Saturday, January 13.

JPMorgan Chase & Co. (NYSE:JPM) Ratings Coverage

Among 33 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 13 Hold. Therefore 55% are positive. JPMorgan Chase & Co has $136 highest and $52 lowest target. $102.61’s average target is -12.53% below currents $117.31 stock price. JPMorgan Chase & Co had 111 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Deutsche Bank given on Wednesday, August 12. The rating was maintained by Oppenheimer with “Hold” on Friday, July 14. UBS upgraded JPMorgan Chase & Co. (NYSE:JPM) on Friday, February 5 to “Buy” rating. The stock has “Neutral” rating by Goldman Sachs on Thursday, July 6. Bruyette & Woods” upgraded JPMorgan Chase & Co. (NYSE:JPM) on Monday, August 17 to “Outperform” rating. As per Sunday, July 16, the company rating was maintained by Bank of America. The company was maintained on Friday, September 15 by Jefferies. The company was maintained on Wednesday, February 21 by Morgan Stanley. The rating was downgraded by Vetr to “Strong-Buy” on Friday, August 28. The firm has “Neutral” rating given on Friday, October 6 by Citigroup.

The stock increased 2.03% or $2.33 during the last trading session, reaching $117.31. About 12.16M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since February 25, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on April, 12. They expect $2.23 EPS, up 35.15 % or $0.58 from last year’s $1.65 per share. JPM’s profit will be $7.64B for 13.15 P/E if the $2.23 EPS becomes a reality. After $1.76 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts 26.70 % EPS growth.

JPMorgan Chase & Co. operates as a financial services firm worldwide. The company has market cap of $401.77 billion. It operates through Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management divisions. It has a 18.59 P/E ratio. The Consumer & Community Banking segment offers deposit and investment services and products to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment services, payment processing services, auto loans and leases, and student loans.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Investorplace.com which released: “JPMorgan Chase & Co (JPM) a Buy This Week” on February 20, 2018, also Chicagotribune.com with their article: “Women at JPMorgan earn 1 percent less than their male co-workers do” published on February 23, 2018, Businesswire.com published: “JPMorgan Chase & Co. Declares Quarterly Coupon on Alerian MLP Index ETN” on February 22, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Seekingalpha.com and their article: “JPMorgan Chase: Riding Out The Squall” published on February 15, 2018 as well as Reuters.com‘s news article titled: “JPMorgan promotes Pinto and Smith to co-presidents” with publication date: January 29, 2018.

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