JPMorgan Chase & Co. (NYSE:JPM)’s stock price was down 0.2% on Monday . The stock traded as low as $261.70 and last traded at $266.78. Approximately 2,646,515 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 10,105,697 shares. The stock had previously closed at $267.30.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on JPM shares. Royal Bank of Canada increased their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. UBS Group increased their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Evercore ISI increased their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Bank of America increased their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $251.78.
JPMorgan Chase & Co. Stock Performance
The business’s fifty day moving average is $247.91 and its two-hundred day moving average is $228.49. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $752.47 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same period last year, the firm posted $3.04 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.
Insider Buying and Selling
In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.79% of the stock is owned by corporate insiders.
Institutional Trading of JPMorgan Chase & Co.
Institutional investors have recently bought and sold shares of the stock. LifeSteps Financial Inc. lifted its position in shares of JPMorgan Chase & Co. by 2.5% during the fourth quarter. LifeSteps Financial Inc. now owns 10,061 shares of the financial services provider’s stock worth $2,412,000 after purchasing an additional 250 shares during the last quarter. Dividend Assets Capital LLC lifted its position in shares of JPMorgan Chase & Co. by 0.5% during the fourth quarter. Dividend Assets Capital LLC now owns 57,791 shares of the financial services provider’s stock worth $13,853,000 after purchasing an additional 273 shares during the last quarter. Greystone Financial Group LLC lifted its position in shares of JPMorgan Chase & Co. by 0.5% during the fourth quarter. Greystone Financial Group LLC now owns 59,307 shares of the financial services provider’s stock worth $14,217,000 after purchasing an additional 268 shares during the last quarter. Passumpsic Savings Bank lifted its position in shares of JPMorgan Chase & Co. by 0.9% during the fourth quarter. Passumpsic Savings Bank now owns 10,849 shares of the financial services provider’s stock worth $2,601,000 after purchasing an additional 96 shares during the last quarter. Finally, Drum Hill Capital LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $542,000. 71.55% of the stock is currently owned by 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. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.