JPMorgan Chase & Co. (NYSE:JPM) Shares Down 2.3%

JPMorgan Chase & Co. (NYSE:JPM) shares were down 2.3% on Monday . The company traded as low as $191.21 and last traded at $194.59. Approximately 4,581,070 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 9,256,528 shares. The stock had previously closed at $199.14.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on JPM shares. Evercore ISI raised their target price on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Citigroup raised their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Jefferies Financial Group lifted their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Finally, Robert W. Baird boosted their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $205.71.

JPMorgan Chase & Co. Stock Down 2.1 %

The stock’s 50-day moving average price is $203.48 and its two-hundred day moving average price is $193.32. The stock has a market capitalization of $559.77 billion, a PE ratio of 10.88, a P/E/G ratio of 2.42 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. The firm had revenue of $50.80 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $4.37 EPS. As a group, analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.66%.

Insider Buying and Selling

In related news, CEO Mary E. Erdoes sold 15,895 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total value of $3,078,225.70. Following the transaction, the chief executive officer now owns 585,898 shares in the company, valued at approximately $113,465,006.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the transaction, the insider now owns 212,265 shares in the company, valued at approximately $42,355,358.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mary E. Erdoes sold 15,895 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total transaction of $3,078,225.70. Following the transaction, the chief executive officer now owns 585,898 shares in the company, valued at approximately $113,465,006.68. The disclosure for this sale can be found here. Insiders have sold a total of 50,514 shares of company stock worth $9,970,414 in the last quarter. Corporate insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several institutional investors have recently made changes to their positions in the business. Stone House Investment Management LLC increased its holdings 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 worth $27,000 after acquiring an additional 89 shares in the last quarter. Retirement Group LLC increased its holdings in JPMorgan Chase & Co. by 227.1% in the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 109 shares in the last quarter. Richardson Capital Management LLC purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $34,000. Anfield Capital Management LLC purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter worth approximately $34,000. Finally, Bare Financial Services Inc purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $35,000. Institutional investors own 71.55% of the company’s stock.

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.