JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 0%

JPMorgan Chase & Co. (NYSE:JPM)’s share price dropped 0% during mid-day trading on Monday . The stock traded as low as $190.35 and last traded at $190.47. Approximately 1,861,473 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 9,217,481 shares. The stock had previously closed at $190.51.

Analysts Set New Price Targets

Several research analysts have issued reports on JPM shares. BMO Capital Markets lowered their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Morgan Stanley reduced their price target on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Finally, Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Stock Up 0.8 %

The stock has a 50 day moving average of $191.40 and a 200-day moving average of $172.49. The firm has a market capitalization of $551.25 billion, a P/E ratio of 11.53, a PEG ratio of 2.38 and a beta of 1.13. 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 announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. Research analysts predict that JPMorgan Chase & Co. will post 15.98 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Insider Activity

In other news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the sale, the insider now directly owns 202,093 shares in the company, valued at $36,174,647. The sale was disclosed in a document filed with the SEC, which is available at this link. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the transaction, the chief executive officer now owns 32,819 shares in the company, valued at $5,873,288.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the completion of the transaction, the insider now owns 202,093 shares in the company, valued at approximately $36,174,647. The disclosure for this sale can be found here. Insiders have sold a total of 1,020,696 shares of company stock worth $186,794,151 over the last ninety days. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JPM. Cavalier Investments LLC increased its holdings in JPMorgan Chase & Co. by 3.8% during the third quarter. Cavalier Investments LLC now owns 3,803 shares of the financial services provider’s stock valued at $552,000 after buying an additional 140 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of JPMorgan Chase & Co. by 3.1% in the third quarter. Commonwealth Equity Services LLC now owns 1,820,042 shares of the financial services provider’s stock worth $263,943,000 after purchasing an additional 54,969 shares in the last quarter. FAS Wealth Partners Inc. increased its stake in shares of JPMorgan Chase & Co. by 5.6% in the third quarter. FAS Wealth Partners Inc. now owns 27,985 shares of the financial services provider’s stock worth $4,058,000 after purchasing an additional 1,472 shares in the last quarter. Compagnie Lombard Odier SCmA increased its stake in shares of JPMorgan Chase & Co. by 10.3% in the third quarter. Compagnie Lombard Odier SCmA now owns 778,234 shares of the financial services provider’s stock worth $112,859,000 after purchasing an additional 72,820 shares in the last quarter. Finally, Sheets Smith Wealth Management increased its stake in shares of JPMorgan Chase & Co. by 0.4% in the third quarter. Sheets Smith Wealth Management now owns 23,834 shares of the financial services provider’s stock worth $3,456,000 after purchasing an additional 85 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

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.