JPMorgan Chase & Co. (NYSE:JPM) Shares Up 0.1% – Here’s What Happened

JPMorgan Chase & Co. (NYSE:JPM) shares were up 0.1% on Monday . The stock traded as high as $279.23 and last traded at $276.61. Approximately 5,685,344 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 9,537,344 shares. The stock had previously closed at $276.32.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JPM. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. UBS Group lifted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Citigroup upped their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Truist Financial lifted their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Stock Down 0.2 %

The company has a market cap of $786.31 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 2.93 and a beta of 1.12. The stock has a 50-day simple moving average of $254.41 and a 200-day simple moving average of $233.94. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.04 earnings per share. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.79%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.33%.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the transaction, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.79% of the stock is owned by corporate insiders.

Institutional Trading of JPMorgan Chase & Co.

Several institutional investors have recently modified their holdings of JPM. Mizuho Securities Co. Ltd. bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. during the third quarter worth approximately $27,000. Redwood Park Advisors LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $29,000. Sellwood Investment Partners LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $34,000. Finally, Investment Counsel Co. of Nevada bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.