JPMorgan Chase & Co. (NYSE:JPM) Trading Down 0.3% - Should You Sell?

JPMorgan Chase & Co. (NYSE:JPM) shares dropped 0.3% during mid-day trading on Thursday . The stock traded as low as $274.00 and last traded at $274.58. Approximately 3,282,877 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 9,286,470 shares. The stock had previously closed at $275.45.

Analyst Ratings Changes

A number of analysts have recently weighed in on JPM shares. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 7th. Wolfe Research raised JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Oppenheimer lowered JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 20th. Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research note on Thursday, January 16th. Finally, Bank of America increased their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $251.78.

JPMorgan Chase & Co. Stock Performance

The business has a fifty day simple moving average of $253.02 and a 200-day simple moving average of $232.75. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The firm has a market cap of $778.74 billion, a P/E ratio of 14.01, a P/E/G ratio of 2.94 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.04 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.05 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.81%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 25.33%.

Insider Activity

In other news, General Counsel Stacey Friedman sold 3,303 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.79% of the company's stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several institutional investors and hedge funds have recently modified their holdings of JPM. Norges Bank bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $8,310,884,000. International Assets Investment Management LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at $1,888,088,000. Northern Trust Corp increased its holdings in shares of JPMorgan Chase & Co. by 15.4% during the fourth quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after acquiring an additional 4,515,147 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of JPMorgan Chase & Co. by 31.7% during the third quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider's stock valued at $3,539,132,000 after buying an additional 4,043,841 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 34,259.3% during the fourth quarter. Proficio Capital Partners LLC now owns 3,499,499 shares of the financial services provider's stock valued at $838,865,000 after buying an additional 3,489,314 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Company Profile

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.