JPMorgan Chase & Co. (NYSE:JPM) Shares Down 0% - What's Next?

JPMorgan Chase & Co. (NYSE:JPM) was down 0% during mid-day trading on Thursday . The stock traded as low as $264.76 and last traded at $265.62. Approximately 2,580,640 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 9,613,476 shares. The stock had previously closed at $265.64.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on JPM shares. KGI Securities initiated coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating for the company. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and raised their target price for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Bank of America decreased their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Finally, Truist Financial set a $261.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, April 14th. Eleven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $258.26.

JPMorgan Chase & Co. Trading Up 0.5%

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 firm has a market cap of $742.03 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The business has a 50 day moving average of $239.24 and a 200 day moving average of $246.33.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $4.44 earnings per share. On average, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.10%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 4,273 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the sale, the chief operating officer now directly owns 54,469 shares of the company's stock, valued at approximately $14,698,459.65. This represents a 7.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the transaction, the insider now directly owns 50,377 shares of the company's stock, valued at approximately $13,606,323.93. The trade was a 2.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 129,188 shares of company stock valued at $33,095,363. Company insiders own 0.47% of the company's stock.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Chase & Co. by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock valued at $938,491,000 after buying an additional 319,730 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.3% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 6,517 shares of the financial services provider's stock valued at $1,562,000 after acquiring an additional 148 shares in the last quarter. RMR Wealth Builders boosted its holdings in JPMorgan Chase & Co. by 4.4% during the fourth quarter. RMR Wealth Builders now owns 33,057 shares of the financial services provider's stock valued at $7,924,000 after acquiring an additional 1,382 shares during the period. First Financial Corp IN lifted its stake in shares of JPMorgan Chase & Co. by 3.2% in the fourth quarter. First Financial Corp IN now owns 11,912 shares of the financial services provider's stock valued at $2,855,000 after buying an additional 366 shares during the period. Finally, Granite Bay Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 2.3% in the 4th quarter. Granite Bay Wealth Management LLC now owns 26,518 shares of the financial services provider's stock valued at $6,357,000 after buying an additional 588 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

About JPMorgan Chase & Co.

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.

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