JPMorgan Chase & Co. (NYSE:JPM) Trading Down 0.3%

JPMorgan Chase & Co. (NYSE:JPM)’s stock price was down 0.3% during mid-day trading on Monday . The stock traded as low as $210.64 and last traded at $211.54. Approximately 1,516,429 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 9,185,708 shares. The stock had previously closed at $212.24.

Analyst Ratings Changes

Several research firms have commented on JPM. Oppenheimer lifted their target price on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Piper Sandler lifted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Royal Bank of Canada reissued an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Finally, UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $202.89.

JPMorgan Chase & Co. Price Performance

The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The stock’s 50 day moving average price is $202.39 and its two-hundred day moving average price is $191.90. The stock has a market cap of $606.41 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 2.49 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping the consensus estimate of $4.19 by $1.93. The company had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period last year, the firm earned $4.37 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is presently 25.66%.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 3,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the transaction, the insider now directly owns 44,113 shares in the company, valued at approximately $8,772,311.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the sale, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the transaction, the insider now directly owns 44,113 shares of the company’s stock, valued at $8,772,311.18. The disclosure for this sale can be found here. Insiders have sold 72,343 shares of company stock valued at $14,137,789 in the last 90 days. 0.79% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stone House Investment Management LLC lifted its stake in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after buying an additional 89 shares in the last quarter. Retirement Group LLC lifted its position in shares of JPMorgan Chase & Co. by 227.1% in the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 109 shares in the last quarter. Richardson Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter worth approximately $34,000. Bare Financial Services Inc purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $35,000. Finally, Partnership Wealth Management LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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.