JPMorgan Chase & Co. (NYSE:JPM) Shares Down 1.6% on Insider Selling

JPMorgan Chase & Co. (NYSE:JPM)'s share price was down 1.6% on Tuesday after an insider sold shares in the company. The stock traded as low as $179.77 and last traded at $179.89. Approximately 4,443,416 shares traded hands during trading, a decline of 52% from the average daily volume of 9,254,145 shares. The stock had previously closed at $182.89.

Specifically, General Counsel Stacey Friedman sold 6,030 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the transaction, the general counsel now owns 59,456 shares of the company's stock, valued at $10,864,394.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, General Counsel Stacey Friedman sold 6,030 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the sale, the general counsel now directly owns 59,456 shares of the company's stock, valued at approximately $10,864,394.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Piepszak sold 1,648 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares in the company, valued at $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock valued at $186,794,151 over the last ninety days. Corporate insiders own 0.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on JPM shares. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and raised their target price for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Royal Bank of Canada reissued an "outperform" rating and set a $185.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Piper Sandler dropped their price objective on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an "overweight" rating on the stock in a report on Monday. Jefferies Financial Group boosted their target price on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Finally, Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an "outperform" rating in a research note on Thursday, April 4th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and an average target price of $192.05.

JPMorgan Chase & Co. Stock Down 1.2 %

The stock has a fifty day moving average of $188.39 and a 200-day moving average of $168.42. The firm has a market capitalization of $518.87 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 2.32 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing analysts' consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The company had revenue of $38.57 billion during the quarter, compared to analysts' expectations of $39.73 billion. During the same period in the prior year, the business posted $3.57 EPS. The company's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 15.78 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.55%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. JPMorgan Chase & Co.'s payout ratio is currently 27.78%.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Hedge funds have recently made changes to their positions in the company. Trust Co of the South increased its stake in JPMorgan Chase & Co. by 1.1% in the 1st quarter. Trust Co of the South now owns 4,946 shares of the financial services provider's stock valued at $991,000 after buying an additional 53 shares during the period. PFW Advisors LLC increased its position in JPMorgan Chase & Co. by 1.1% in the 1st quarter. PFW Advisors LLC now owns 5,232 shares of the financial services provider's stock worth $1,048,000 after purchasing an additional 55 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. raised its stake in shares of JPMorgan Chase & Co. by 2.0% during the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,837 shares of the financial services provider's stock worth $568,000 after purchasing an additional 55 shares in the last quarter. Oarsman Capital Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 0.5% during the 4th quarter. Oarsman Capital Inc. now owns 11,008 shares of the financial services provider's stock valued at $1,872,000 after buying an additional 59 shares during the last quarter. Finally, Curbstone Financial Management Corp grew its stake in shares of JPMorgan Chase & Co. by 0.3% in the 4th quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider's stock valued at $4,070,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

About JPMorgan Chase & Co.

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.