JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 1% - Time to Sell?

JPMorgan Chase & Co. (NYSE:JPM)'s stock price fell 1% on Monday . The stock traded as low as $234.88 and last traded at $235.22. 2,322,878 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 9,077,281 shares. The stock had previously closed at $237.60.

Analyst Ratings Changes

Several analysts recently issued reports on JPM shares. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a "market perform" rating in a research report on Tuesday, December 3rd. Royal Bank of Canada upped their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Oppenheimer cut JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research report on Wednesday, November 20th. Finally, Barclays lifted their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Two investment 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. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $234.81.

JPMorgan Chase & Co. Stock Up 0.3 %

The business has a 50-day moving average of $236.27 and a 200 day moving average of $218.15. The company has a market capitalization of $671.15 billion, a PE ratio of 13.27, a P/E/G 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 posted its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same period in the prior year, the company earned $4.33 EPS. The company's quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.10%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.82%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JPM. Financial Avengers Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 5.2% in the 3rd quarter. Financial Avengers Inc. now owns 868 shares of the financial services provider's stock worth $183,000 after purchasing an additional 43 shares during the period. One Charles Private Wealth Services LLC lifted its position in JPMorgan Chase & Co. by 0.4% in the third 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. boosted its stake in JPMorgan Chase & Co. by 1.3% during the third 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 period. Sunburst Financial Group LLC increased its position in JPMorgan Chase & Co. by 0.8% during the third quarter. Sunburst Financial Group LLC now owns 5,696 shares of the financial services provider's stock valued at $1,201,000 after acquiring an additional 45 shares during the last quarter. Finally, West Wealth Group LLC raised its stake in shares of JPMorgan Chase & Co. by 3.6% in the third quarter. West Wealth Group LLC now owns 1,327 shares of the financial services provider's stock valued at $280,000 after acquiring an additional 46 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

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.