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

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Robert W. Baird upped their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Oppenheimer cut their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. UBS Group raised their price objective on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Finally, BMO Capital Markets dropped their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $194.10.

JPMorgan Chase & Co. Stock Up 0.9 %

The stock’s fifty day simple moving average is $196.22 and its 200-day simple moving average is $185.53. The stock has a market cap of $572.04 billion, a P/E ratio of 12.03, a P/E/G ratio of 2.66 and a beta of 1.12. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92.

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

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders 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 2.31%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Insider Buying and Selling

In related news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the sale, the insider now directly owns 212,265 shares in the company, valued at approximately $42,355,358.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 250,565 shares of company stock worth $46,962,717. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of hedge funds have recently made changes to their positions in the stock. Wellington Wealth Strategies LLC. bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $1,145,000. Etfidea LLC raised its holdings in JPMorgan Chase & Co. by 5.4% in the 4th quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock valued at $329,000 after buying an additional 100 shares during the last quarter. Cooper Financial Group boosted its position in JPMorgan Chase & Co. by 12.8% during the 1st quarter. Cooper Financial Group now owns 8,693 shares of the financial services provider’s stock worth $1,741,000 after buying an additional 984 shares during the period. Sutton Place Investors LLC grew its holdings in JPMorgan Chase & Co. by 179.5% during the 4th quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock worth $2,228,000 after acquiring an additional 8,412 shares during the last quarter. Finally, Spartan Planning & Wealth Management raised its stake in shares of JPMorgan Chase & Co. by 257.3% during the fourth quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock valued at $643,000 after acquiring an additional 2,722 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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.