JPMorgan Chase & Co. (NYSE:JPM) Trading Down 0.5% on Insider Selling

JPMorgan Chase & Co. (NYSE:JPM) shares dropped 0.5% during trading on Friday following insider selling activity. The company traded as low as $252.63 and last traded at $253.03. Approximately 4,485,103 shares were traded during trading, a decline of 58% from the average daily volume of 10,571,222 shares. The stock had previously closed at $254.27.

Specifically, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. UBS Group lifted their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Citigroup upped their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target for the company in a report on Friday, January 3rd. Finally, Piper Sandler upped their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $251.78.

JPMorgan Chase & Co. Price Performance

The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $730.47 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 3.16 and a beta of 1.11. The company has a 50-day moving average price of $243.06 and a 200-day moving average price of $223.93.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same quarter in the previous year, the company earned $3.04 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities research analysts expect that JPMorgan Chase & Co. will post 17.46 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

Institutional Trading of JPMorgan Chase & Co.

Several hedge funds have recently added to or reduced their stakes in the business. Mizuho Securities Co. Ltd. acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 3rd quarter worth approximately $27,000. Fairway Wealth LLC acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter worth approximately $32,000. West Financial Advisors LLC bought a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $37,000. Finally, New England Capital Financial Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 38.5% in the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds 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.