JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 0.2%

JPMorgan Chase & Co. (NYSE:JPM)’s stock price dropped 0.2% on Thursday . The company traded as low as $196.90 and last traded at $196.92. Approximately 1,609,618 shares were traded during trading, a decline of 82% from the average daily volume of 9,140,511 shares. The stock had previously closed at $197.26.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JPM. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Piper Sandler raised their price objective on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Oppenheimer dropped their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a report on Tuesday, May 21st. Finally, Morgan Stanley cut their price objective on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $194.10.

Check Out Our Latest Research Report on JPM

JPMorgan Chase & Co. Stock Performance

The stock has a market cap of $574.22 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 2.65 and a beta of 1.12. The stock has a fifty day moving average of $195.23 and a 200-day moving average of $181.62. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, equities analysts forecast that JPMorgan Chase & Co. will post 16.39 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.30%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the transaction, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the sale, the insider now directly owns 64,783 shares in the company, valued at $12,656,006.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the transaction, the general counsel now directly owns 42,124 shares in the company, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 249,399 shares of company stock worth $46,713,667. Company insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

A number of institutional investors and hedge funds have recently made changes to their positions in JPM. WealthPlan Investment Management LLC grew its holdings in JPMorgan Chase & Co. by 187,317.6% in the third 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 during the last quarter. Penobscot Investment Management Company Inc. grew its stake in JPMorgan Chase & Co. by 23.1% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 114,328 shares of the financial services provider’s stock valued at $16,580,000 after acquiring an additional 21,439 shares during the last quarter. First Command Advisory Services Inc. increased its holdings in JPMorgan Chase & Co. by 729,300.0% during the 3rd quarter. First Command Advisory Services Inc. now owns 7,294 shares of the financial services provider’s stock valued at $1,058,000 after acquiring an additional 7,293 shares in the last quarter. WealthBridge Capital Management LLC raised its position in JPMorgan Chase & Co. by 2.9% during the third quarter. WealthBridge Capital Management LLC now owns 11,166 shares of the financial services provider’s stock worth $1,619,000 after acquiring an additional 315 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC lifted its holdings in shares of JPMorgan Chase & Co. by 12.5% in the third quarter. Locust Wood Capital Advisers LLC now owns 432,162 shares of the financial services provider’s stock valued at $62,672,000 after purchasing an additional 47,864 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

About JPMorgan Chase & Co.

(Get Free Report)

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.

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