JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 0.4%
JPMorgan Chase & Co. (NYSE:JPM) was down 0.4% on Friday . The company traded as low as $108.63 and last traded at $109.08. Approximately 423,666 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 9,641,035 shares. The stock had previously closed at $109.54.
A number of equities analysts recently weighed in on JPM shares. Barclays restated a “buy” rating and issued a $140.00 price objective on shares of JPMorgan Chase & Co. in a report on Thursday, February 21st. BMO Capital Markets decreased their price objective on shares of JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating for the company in a report on Thursday, February 28th. Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. HSBC set a $102.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Thursday, April 4th. Finally, Credit Suisse Group boosted their price objective on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $123.85.
The company has a market cap of $355.34 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $3.20 dividend on an annualized basis and a yield of 2.91%. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.
In other news, CFO Marianne Lake sold 115,415 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $109.75, for a total transaction of $12,666,796.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 20,145 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $109.75, for a total transaction of $2,210,913.75. Following the sale, the insider now directly owns 112,191 shares of the company’s stock, valued at approximately $12,312,962.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 157,573 shares of company stock valued at $17,293,454. Company insiders own 0.76% of the company’s stock.
Several hedge funds have recently modified their holdings of JPM. Oregon Public Employees Retirement Fund boosted its holdings in shares of JPMorgan Chase & Co. by 5,338.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 39,471,964 shares of the financial services provider’s stock valued at $404,000 after buying an additional 38,746,167 shares in the last quarter. Norges Bank bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $2,986,672,000. BlackRock Inc. grew its stake in JPMorgan Chase & Co. by 3.2% in the first quarter. BlackRock Inc. now owns 221,952,699 shares of the financial services provider’s stock valued at $22,468,272,000 after purchasing an additional 6,864,576 shares in the last quarter. American International Group Inc. grew its stake in JPMorgan Chase & Co. by 314.9% in the fourth quarter. American International Group Inc. now owns 4,882,121 shares of the financial services provider’s stock valued at $476,593,000 after purchasing an additional 3,705,536 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in JPMorgan Chase & Co. by 5,555.9% in the third quarter. Rehmann Capital Advisory Group now owns 2,352,612 shares of the financial services provider’s stock valued at $11,266,384,000 after purchasing an additional 2,311,016 shares in the last quarter. 71.46% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: “JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 0.4%” was published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://www.watchlistnews.com/jpmorgan-chase-co-nysejpm-stock-price-down-0-4/3042920.html.
JPMorgan Chase & Co. Company Profile (NYSE:JPM)
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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
Recommended Story: Market Capitalization – What it Means for Investors
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.