JPMorgan Chase & Co. (NYSE:JPM) Shares Down 0.4% Following Analyst Downgrade

JPMorgan Chase & Co. (NYSE:JPM) shares dropped 0.4% on Monday after StockNews.com downgraded the stock from a hold rating to a sell rating. The stock traded as low as $234.03 and last traded at $235.24. Approximately 3,824,297 shares were traded during trading, a decline of 60% from the average daily volume of 9,623,687 shares. The stock had previously closed at $236.20.

A number of other research analysts have also commented on JPM. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Truist Financial reduced their price objective on shares of JPMorgan Chase & Co. from $264.00 to $251.00 and set a "hold" rating on the stock in a research note on Monday. UBS Group upped their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Bank of America dropped their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and a consensus target price of $255.67.

Insider Buying and Selling

In other news, COO Jennifer Piepszak sold 4,273 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the sale, the chief operating officer now directly owns 54,469 shares of the company's stock, valued at $14,698,459.65. This represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now directly owns 158,381 shares of the company's stock, valued at $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,545 shares of company stock valued at $19,149,144 over the last ninety days. Company insiders own 0.79% of the company's stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Institutional investors and hedge funds have recently bought and sold shares of the business. DDD Partners LLC boosted its position in JPMorgan Chase & Co. by 2.8% in the 4th quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider's stock valued at $339,000 after buying an additional 38 shares during the period. Blue Bell Private Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 1.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider's stock worth $622,000 after purchasing an additional 38 shares during the period. Rappaport Reiches Capital Management LLC raised its position in JPMorgan Chase & Co. by 3.8% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider's stock valued at $256,000 after purchasing an additional 39 shares in the last quarter. Yoder Wealth Management Inc. boosted its stake in shares of JPMorgan Chase & Co. by 2.8% in the 4th quarter. Yoder Wealth Management Inc. now owns 1,436 shares of the financial services provider's stock valued at $344,000 after buying an additional 39 shares during the period. Finally, Almanack Investment Partners LLC. raised its holdings in JPMorgan Chase & Co. by 0.8% in the fourth quarter. Almanack Investment Partners LLC. now owns 5,143 shares of the financial services provider's stock valued at $1,233,000 after acquiring an additional 39 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.9 %

The business's 50 day moving average is $245.59 and its 200-day moving average is $242.42. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company has a market cap of $645.07 billion, a PE ratio of 11.74, a P/E/G ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. During the same period in the previous year, the company posted $4.44 EPS. JPMorgan Chase & Co.'s revenue was up 8.0% compared to the same quarter last year. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be paid a $1.40 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.42%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

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.