JPMorgan Chase & Co. (NYSE:JPM) Trading Down 0.4% - Time to Sell?

JPMorgan Chase & Co. (NYSE:JPM) was down 0.4% during mid-day trading on Thursday . The stock traded as low as $240.79 and last traded at $241.44. Approximately 793,127 shares changed hands during trading, a decline of 91% from the average daily volume of 9,047,883 shares. The stock had previously closed at $242.31.

Analyst Ratings Changes

Several research analysts recently issued reports on JPM shares. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Barclays increased their price target on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. Morgan Stanley cut shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and increased their target price for the company from $220.00 to $224.00 in a report on Monday, September 30th. Baird R W cut shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Finally, Citigroup increased their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and a consensus price target of $234.81.

JPMorgan Chase & Co. Stock Up 0.3 %

The firm's 50-day moving average price is $237.38 and its 200 day moving average price is $218.91. The firm has a market capitalization of $684.52 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter last year, the business earned $4.33 earnings per share. JPMorgan Chase & Co.'s revenue was up 6.5% compared to the same quarter last year. Sell-side analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 2.06%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.82%.

Institutional Trading of JPMorgan Chase & Co.

A number of hedge funds have recently bought and sold shares of JPM. Financial Avengers Inc. increased its holdings in JPMorgan Chase & Co. by 5.2% during the 3rd quarter. Financial Avengers Inc. now owns 868 shares of the financial services provider's stock worth $183,000 after acquiring an additional 43 shares during the period. One Charles Private Wealth Services LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 3rd quarter. One Charles Private Wealth Services LLC now owns 12,179 shares of the financial services provider's stock worth $2,568,000 after buying an additional 44 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.3% in the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,436 shares of the financial services provider's stock worth $725,000 after buying an additional 45 shares during the last quarter. Sunburst Financial Group LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.8% in the 3rd quarter. Sunburst Financial Group LLC now owns 5,696 shares of the financial services provider's stock worth $1,201,000 after buying an additional 45 shares during the last quarter. Finally, West Wealth Group LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.6% in the 3rd quarter. West Wealth Group LLC now owns 1,327 shares of the financial services provider's stock worth $280,000 after buying an additional 46 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 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.