JPMorgan Chase & Co. (NYSE:JPM) Trading Down 0.6%

JPMorgan Chase & Co. (NYSE:JPM) fell 0.6% during mid-day trading on Monday . The company traded as low as $200.95 and last traded at $201.38. 1,564,902 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 9,195,581 shares. The stock had previously closed at $202.63.

Analysts Set New Price Targets

Several brokerages have recently commented on JPM. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a report on Tuesday, May 21st. Evercore ISI lifted their target price 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. BMO Capital Markets cut their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” 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 stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Robert W. Baird boosted their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.10.

JPMorgan Chase & Co. Stock Down 1.1 %

The firm has a market cap of $575.68 billion, a P/E ratio of 12.04, a P/E/G ratio of 2.73 and a beta of 1.12. The business’s fifty day moving average price is $195.14 and its two-hundred day moving average price is $180.40. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 16.39 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors 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 yield of 2.29%. 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 at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the completion of the transaction, the insider now owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the sale, the insider now owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ashley Bacon sold 5,086 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the completion of the transaction, the insider now owns 217,351 shares of the company’s stock, valued at approximately $42,087,847.64. The disclosure for this sale can be found here. Insiders sold a total of 249,399 shares of company stock valued at $46,713,667 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. WealthPlan Investment Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 187,317.6% in the 3rd quarter. WealthPlan Investment Management LLC now owns 31,861 shares of the financial services provider’s stock valued at $4,620,000 after purchasing an additional 31,844 shares in the last quarter. Argonautica Private Wealth Management Inc. acquired a new position in JPMorgan Chase & Co. in the third quarter valued at about $257,000. Sonata Capital Group Inc. grew its stake in JPMorgan Chase & Co. by 4.5% during the third quarter. Sonata Capital Group Inc. now owns 11,996 shares of the financial services provider’s stock worth $1,740,000 after buying an additional 513 shares during the last quarter. Cape Investment Advisory Inc. increased its holdings in shares of JPMorgan Chase & Co. by 18.4% during the third quarter. Cape Investment Advisory Inc. now owns 3,554 shares of the financial services provider’s stock worth $515,000 after buying an additional 552 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of JPMorgan Chase & Co. by 88.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 5,443 shares of the financial services provider’s stock valued at $790,000 after acquiring an additional 2,559 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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.