JPMorgan Chase & Co. (NYSE:JPM) Shares Down 0.7% - What's Next?

JPMorgan Chase & Co. (NYSE:JPM) traded down 0.7% during trading on Thursday . The company traded as low as $247.18 and last traded at $249.38. 2,225,045 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 8,862,698 shares. The stock had previously closed at $251.03.

Analysts Set New Price Targets

JPM has been the subject of a number of analyst reports. Wolfe Research upgraded 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 report on Friday, January 3rd. Truist Financial raised their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a "hold" rating in a report on Thursday, January 16th. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Bank of America lifted their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Finally, UBS Group increased their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $252.89.

JPMorgan Chase & Co. Stock Performance

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 50 day simple moving average of $257.55 and a 200-day simple moving average of $240.54. The stock has a market capitalization of $679.36 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10.

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JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analysts' expectations 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 period in the previous year, the business posted $3.04 EPS. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.30%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is presently 28.37%.

Insider Activity

In related news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now owns 50,377 shares of the company's stock, valued at approximately $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jennifer Piepszak sold 4,272 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the completion of the transaction, the chief operating officer now owns 50,197 shares in the company, valued at approximately $12,400,164.91. This trade represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,848 shares of company stock worth $19,987,908. 0.79% of the stock is owned by company insiders.

Institutional Trading of JPMorgan Chase & Co.

Several institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in JPMorgan Chase & Co. by 3.2% in the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock worth $1,228,110,000 after buying an additional 182,648 shares during the period. United Bank boosted its position in shares of JPMorgan Chase & Co. by 2.5% during the third quarter. United Bank now owns 25,354 shares of the financial services provider's stock valued at $5,346,000 after purchasing an additional 614 shares in the last quarter. Cynosure Group LLC grew its stake in JPMorgan Chase & Co. by 2.5% in the third quarter. Cynosure Group LLC now owns 17,542 shares of the financial services provider's stock worth $3,699,000 after purchasing an additional 422 shares during the period. Insight Wealth Partners LLC raised its holdings in JPMorgan Chase & Co. by 19.8% in the third quarter. Insight Wealth Partners LLC now owns 2,362 shares of the financial services provider's stock worth $498,000 after purchasing an additional 391 shares in the last quarter. Finally, Freedom Investment Management Inc. lifted its position in JPMorgan Chase & Co. by 7.3% during the third quarter. Freedom Investment Management Inc. now owns 8,224 shares of the financial services provider's stock valued at $1,734,000 after buying an additional 557 shares during the period. 71.55% of the stock is currently owned by hedge funds and other 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. 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.