JPMorgan Chase & Co. (NYSE:JPM) Trading Down 1.6%

JPMorgan Chase & Co. (NYSE:JPM) traded down 1.6% during mid-day trading on Thursday . The company traded as low as $212.94 and last traded at $213.36. 2,916,564 shares were traded during trading, a decline of 68% from the average session volume of 9,256,876 shares. The stock had previously closed at $216.87.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Oppenheimer raised their target price on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Finally, Morgan Stanley lifted their price objective on shares of JPMorgan Chase & Co. from $214.00 to $221.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $202.89.

JPMorgan Chase & Co. Trading Down 0.1 %

The stock has a market capitalization of $602.59 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 2.46 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. The firm’s fifty day simple moving average is $201.57 and its 200 day simple moving average is $190.28.

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 (EPS) for the quarter, beating the consensus estimate of $4.19 by $1.93. The company had revenue of $50.80 billion for the quarter, compared to analyst estimates 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 previous year, the firm posted $4.37 EPS. As a group, 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. Investors of record on Friday, July 5th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.66%.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the sale, the insider now directly owns 217,351 shares of the company’s stock, valued at approximately $42,087,847.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the sale, the insider now directly owns 217,351 shares in the company, valued at approximately $42,087,847.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the sale, the insider now owns 6,484 shares in the company, valued at $1,237,860.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,343 shares of company stock valued at $14,137,789. 0.79% of the stock is owned by insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Hedge funds have recently added to or reduced their stakes in the business. BKM Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $2,443,000. Orgel Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $275,000. Asio Capital LLC lifted its position in shares of JPMorgan Chase & Co. by 2.6% in the 4th quarter. Asio Capital LLC now owns 8,896 shares of the financial services provider’s stock worth $1,513,000 after purchasing an additional 223 shares during the period. AFG Fiduciary Services Limited Partnership acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $205,000. Finally, Sunflower Bank N.A. lifted its position in shares of JPMorgan Chase & Co. by 4.9% in the 4th quarter. Sunflower Bank N.A. now owns 7,145 shares of the financial services provider’s stock worth $1,215,000 after purchasing an additional 333 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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.