JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 0.5% – Here’s Why

JPMorgan Chase & Co. (NYSE:JPM) was down 0.5% during trading on Wednesday . The stock traded as low as $277.22 and last traded at $278.66. Approximately 1,570,431 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 9,046,556 shares. The stock had previously closed at $279.95.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JPM. Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. UBS Group increased their price objective 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. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Citigroup raised their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Finally, Barclays boosted their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $251.78.

JPMorgan Chase & Co. Stock Performance

The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a fifty day moving average price of $254.41 and a 200 day moving average price of $233.94. The stock has a market cap of $787.86 billion, a PE ratio of 14.18, a P/E/G ratio of 2.93 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the previous year, the firm earned $3.04 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction dated 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 owns 47,620 shares in the company, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Warm Springs Advisors Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $2,158,000. Richmond Investment Services LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $252,000. Invst LLC boosted its position in JPMorgan Chase & Co. by 0.6% during the 4th quarter. Invst LLC now owns 15,128 shares of the financial services provider’s stock valued at $3,626,000 after acquiring an additional 95 shares in the last quarter. Retirement Planning Group LLC NY purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $259,000. Finally, GF Fund Management CO. LTD. bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $114,000. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Company Profile

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.