JPMorgan Chase & Co. (NYSE:JPM) Trading Down 1.3% – Time to Sell?

JPMorgan Chase & Co. (NYSE:JPM)’s stock price was down 1.3% on Tuesday . The stock traded as low as $314.40 and last traded at $315.8540. Approximately 7,842,300 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 9,373,115 shares. The stock had previously closed at $320.02.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on JPM shares. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $332.00 to $336.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research downgraded JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Citigroup increased their price target on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. Finally, Wolfe Research raised their price objective on JPMorgan Chase & Co. from $342.00 to $346.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Fifteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $327.05.

JPMorgan Chase & Co. Stock Performance

The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average price of $306.99 and a 200 day moving average price of $297.25. The firm has a market capitalization of $859.84 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The firm had revenue of $47.12 billion for the quarter, compared to analyst estimates of $44.42 billion. During the same quarter in the prior year, the company earned $4.37 EPS. JPMorgan Chase & Co.’s revenue was up 8.8% on a year-over-year basis. Research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Tuesday, January 6th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.72%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 966 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $311.92, for a total transaction of $301,314.72. Following the sale, the insider directly owned 58,479 shares of the company’s stock, valued at $18,240,769.68. This represents a 1.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Institutional investors have recently modified their holdings of the business. Keel Point LLC raised its position in JPMorgan Chase & Co. by 1.9% in the 3rd quarter. Keel Point LLC now owns 19,853 shares of the financial services provider’s stock valued at $6,262,000 after purchasing an additional 375 shares in the last quarter. Lindenwold Advisors INC grew its position in shares of JPMorgan Chase & Co. by 0.6% during the third quarter. Lindenwold Advisors INC now owns 11,881 shares of the financial services provider’s stock worth $3,747,000 after buying an additional 67 shares in the last quarter. Mirabella Financial Services LLP increased its stake in shares of JPMorgan Chase & Co. by 127.4% during the third quarter. Mirabella Financial Services LLP now owns 39,566 shares of the financial services provider’s stock worth $12,456,000 after buying an additional 22,164 shares during the period. Saranac Partners Ltd acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $8,508,000. Finally, IFP Advisors Inc lifted its stake in JPMorgan Chase & Co. by 5.6% in the third quarter. IFP Advisors Inc now owns 48,897 shares of the financial services provider’s stock worth $15,424,000 after acquiring an additional 2,594 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.