JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 0.7%

JPMorgan Chase & Co. (NYSE:JPM) shares fell 0.7% during trading on Wednesday . The company traded as low as $196.28 and last traded at $196.68. 1,884,996 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 9,171,911 shares. The stock had previously closed at $198.07.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on JPM. UBS Group increased their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Robert W. Baird lifted their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research note on Tuesday, May 21st. Finally, Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $194.10.

JPMorgan Chase & Co. Trading Down 0.7 %

The stock’s fifty day moving average price is $195.87 and its 200 day moving average price is $185.44. The stock has a market capitalization of $565.09 billion, a P/E ratio of 11.91, a PEG ratio of 2.66 and a beta of 1.12. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The company had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. Research analysts forecast that JPMorgan Chase & Co. will post 16.44 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

Insider Buying and Selling

In related news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. 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 value of $984,853.04. Following the completion of the sale, the insider now owns 217,351 shares in the company, valued at approximately $42,087,847.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 250,565 shares of company stock valued at $46,962,717. 0.79% of the stock is owned by corporate insiders.

Institutional Trading of JPMorgan Chase & Co.

Several institutional investors and hedge funds have recently modified their holdings of the business. Cape Investment Advisory Inc. boosted its stake in JPMorgan Chase & Co. by 2.9% during the 1st quarter. Cape Investment Advisory Inc. now owns 4,325 shares of the financial services provider’s stock valued at $866,000 after acquiring an additional 120 shares during the last quarter. Chelsea Counsel Co. lifted its stake in JPMorgan Chase & Co. by 3.6% in the 1st quarter. Chelsea Counsel Co. now owns 2,092 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 73 shares in the last quarter. SRN Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 9.8% in the first quarter. SRN Advisors LLC now owns 8,386 shares of the financial services provider’s stock worth $1,680,000 after acquiring an additional 748 shares during the last quarter. NBW Capital LLC boosted its holdings in JPMorgan Chase & Co. by 2.7% in the first quarter. NBW Capital LLC now owns 52,315 shares of the financial services provider’s stock worth $10,479,000 after purchasing an additional 1,351 shares in the last quarter. Finally, Keynote Financial Services LLC bought a new stake in JPMorgan Chase & Co. in the first quarter worth $1,309,000. Hedge funds and other 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.