JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 0.2% – Time to Sell?

Shares of JPMorgan Chase & Co. (NYSE:JPM) dropped 0.2% on Monday . The stock traded as low as $261.70 and last traded at $266.78. Approximately 2,646,515 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 10,105,697 shares. The stock had previously closed at $267.30.

Analyst Ratings Changes

JPM has been the subject of several recent research reports. Evercore ISI lifted their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Royal Bank of Canada boosted their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $251.78.

JPMorgan Chase & Co. Trading Down 0.0 %

The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The company has a 50-day simple moving average of $247.91 and a 200 day simple moving average of $228.49. The firm has a market cap of $752.47 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results 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 return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same quarter last year, the firm posted $3.04 EPS. The business’s revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $1.25 per share. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.87%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.33%.

Insider Activity

In related news, General Counsel Stacey Friedman sold 3,303 shares of the 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 completion of the transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 JPM. LifeSteps Financial Inc. increased its stake in shares of JPMorgan Chase & Co. by 2.5% in the 4th quarter. LifeSteps Financial Inc. now owns 10,061 shares of the financial services provider’s stock worth $2,412,000 after acquiring an additional 250 shares during the last quarter. Dividend Assets Capital LLC increased its stake in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. Dividend Assets Capital LLC now owns 57,791 shares of the financial services provider’s stock worth $13,853,000 after acquiring an additional 273 shares during the last quarter. Greystone Financial Group LLC increased its stake in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. Greystone Financial Group LLC now owns 59,307 shares of the financial services provider’s stock worth $14,217,000 after acquiring an additional 268 shares during the last quarter. Passumpsic Savings Bank increased its stake in shares of JPMorgan Chase & Co. by 0.9% in the 4th quarter. Passumpsic Savings Bank now owns 10,849 shares of the financial services provider’s stock worth $2,601,000 after acquiring an additional 96 shares during the last quarter. Finally, Drum Hill Capital LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $542,000. 71.55% of the stock is owned by institutional investors and hedge funds.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.