JPMorgan Chase & Co. (NYSE:JPM) Trading Down 0.1% - Here's Why

JPMorgan Chase & Co. (NYSE:JPM)'s share price dropped 0.1% during trading on Thursday . The company traded as low as $240.50 and last traded at $243.03. Approximately 8,671,845 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 9,210,940 shares. The stock had previously closed at $243.17.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley lowered JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and boosted their price target for the company from $220.00 to $224.00 in a report on Monday, September 30th. Oppenheimer downgraded JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 20th. Citigroup raised their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, Bank of America raised their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of "Hold" and a consensus target price of $245.83.

JPMorgan Chase & Co. Stock Performance

The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The business's fifty day moving average price is $241.25 and its two-hundred day moving average price is $222.25. The stock has a market capitalization of $684.21 billion, a P/E ratio of 13.52, a P/E/G ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.02 by $0.35. The business had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.33 earnings per share. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Institutional Investors Weigh In On JPMorgan Chase & Co.

Institutional investors have recently made changes to their positions in the company. Legacy Private Trust Co. boosted its holdings in JPMorgan Chase & Co. by 3.2% during the 4th quarter. Legacy Private Trust Co. now owns 72,206 shares of the financial services provider's stock valued at $17,308,000 after acquiring an additional 2,249 shares during the period. First Hawaiian Bank boosted its stake in shares of JPMorgan Chase & Co. by 1.0% during the fourth quarter. First Hawaiian Bank now owns 47,964 shares of the financial services provider's stock valued at $11,497,000 after purchasing an additional 460 shares during the period. InvesTrust purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $10,578,000. Private Client Services LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.6% in the fourth quarter. Private Client Services LLC now owns 5,708 shares of the financial services provider's stock worth $1,368,000 after purchasing an additional 91 shares during the last quarter. Finally, Sterneck Capital Management LLC increased its stake in JPMorgan Chase & Co. by 1.8% in the 4th quarter. Sterneck Capital Management LLC now owns 5,299 shares of the financial services provider's stock worth $1,270,000 after buying an additional 93 shares during the period. 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.