JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 0.4%

Shares of JPMorgan Chase & Co. (NYSE:JPM) were down 0.4% during mid-day trading on Monday . The stock traded as low as $198.88 and last traded at $199.53. Approximately 1,848,236 shares changed hands during trading, a decline of 79% from the average daily volume of 8,940,203 shares. The stock had previously closed at $200.30.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on JPM shares. Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Oppenheimer dropped their price target on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $181.63.

JPMorgan Chase & Co. Price Performance

The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $571.18 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 2.53 and a beta of 1.15. The business’s fifty day simple moving average is $184.65 and its 200 day simple moving average is $165.22.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The business had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.57 earnings per share. On average, research analysts forecast that JPMorgan Chase & Co. will post 15.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a dividend of $1.15 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.89%.

Insider Activity

In other news, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the completion of the transaction, the chief executive officer now directly owns 34,467 shares in the company, valued at $5,741,857.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jennifer Piepszak sold 1,649 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the transaction, the chief executive officer now directly owns 34,467 shares in the company, valued at $5,741,857.53. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 6,030 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the transaction, the general counsel now owns 59,456 shares in the company, valued at $10,864,394.88. The disclosure for this sale can be found here. Insiders sold 849,303 shares of company stock worth $155,107,447 over the last three months. 0.79% of the stock is currently owned by insiders.

Institutional Trading of JPMorgan Chase & Co.

Several hedge funds have recently added to or reduced their stakes in the stock. Stonehearth Capital Management LLC bought a new stake in JPMorgan Chase & Co. in the first quarter worth about $223,000. Modus Advisors LLC raised its position in JPMorgan Chase & Co. by 1.3% in the first quarter. Modus Advisors LLC now owns 26,112 shares of the financial services provider’s stock worth $5,230,000 after acquiring an additional 336 shares during the period. Newbridge Financial Services Group Inc. raised its position in JPMorgan Chase & Co. by 13.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 10,706 shares of the financial services provider’s stock worth $1,821,000 after acquiring an additional 1,289 shares during the period. HighPoint Advisor Group LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $31,722,000. Finally, Fairman Group LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $153,000. 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.