JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 5.3% - Time to Sell?

JPMorgan Chase & Co. (NYSE:JPM) shares dropped 5.3% on Tuesday . The stock traded as low as $247.00 and last traded at $246.69. Approximately 4,515,096 shares traded hands during trading, a decline of 47% from the average daily volume of 8,597,702 shares. The stock had previously closed at $260.62.

Wall Street Analyst Weigh In

JPM has been the subject of several recent analyst reports. Barclays increased their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. 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 research note on Thursday, January 16th. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research note on Thursday, January 16th. Finally, Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price on the stock in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $252.89.

JPMorgan Chase & Co. Trading Down 1.7 %

The firm has a market capitalization of $677.81 billion, a PE ratio of 12.28, a PEG ratio of 2.83 and a beta of 1.10. The firm's fifty day moving average is $259.41 and its two-hundred day moving average is $238.26. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

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 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company's revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.04 earnings per share. On average, equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 25.33%.

Insider Activity

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now owns 158,381 shares of the company's stock, valued at $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Jennifer Piepszak sold 4,273 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $14,698,459.65. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,326 shares of company stock valued at $12,448,445 over the last quarter. Company insiders own 0.79% of the company's stock.

Institutional Trading of JPMorgan Chase & Co.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Copia Wealth Management bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $80,000. IronOak Wealth LLC. purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $810,000. Wood Tarver Financial Group LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $100,000. TFR Capital LLC. purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $920,000. Finally, Plotkin Financial Advisors LLC grew its stake in JPMorgan Chase & Co. by 4.8% in the 4th quarter. Plotkin Financial Advisors LLC now owns 1,365 shares of the financial services provider's stock worth $327,000 after buying an additional 62 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

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.