JPMorgan Chase & Co. (NYSE:JPM) Shares Down 0.3% After Insider Selling

Shares of JPMorgan Chase & Co. (NYSE:JPM) were down 0.3% during mid-day trading on Monday following insider selling activity. The company traded as low as $198.05 and last traded at $198.18. Approximately 1,881,061 shares were traded during trading, a decline of 79% from the average daily volume of 9,153,649 shares. The stock had previously closed at $198.77.

Specifically, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the transaction, the insider now directly owns 44,113 shares of the company's stock, valued at approximately $8,772,311.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Jennifer Piepszak sold 1,648 shares of the 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 sale, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction on Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the transaction, the insider now owns 44,113 shares of the company's stock, valued at $8,772,311.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,066,506 shares of company stock valued at $195,621,185. Corporate insiders own 0.79% of the company's stock.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Oppenheimer dropped their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an "outperform" rating on the stock in a research report on Monday, April 15th. UBS Group decreased their price objective on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a "buy" rating for the company in a research report on Tuesday, April 16th. Evercore ISI increased their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an "outperform" rating in a report on Thursday, April 4th. Finally, Morgan Stanley decreased their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an "overweight" rating for the company in a report on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and an average price target of $192.05.

JPMorgan Chase & Co. Stock Down 0.0 %

The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $570.69 billion, a PE ratio of 12.00, a PEG ratio of 2.45 and a beta of 1.13. The firm's fifty day moving average is $192.47 and its 200-day moving average is $174.36.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to analysts' expectations of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, equities research analysts predict that JPMorgan Chase & Co. will post 16.21 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were issued a $1.15 dividend. The ex-dividend date was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.31%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.78%.

Hedge Funds Weigh In On JPMorgan Chase & Co.

A number of large investors have recently made changes to their positions in the stock. Stone House Investment Management LLC boosted its position in shares of JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider's stock worth $27,000 after buying an additional 89 shares in the last quarter. Retirement Group LLC lifted its holdings in shares of JPMorgan Chase & Co. by 227.1% in the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 109 shares in the last quarter. Macroview Investment Management LLC grew its position in shares of JPMorgan Chase & Co. by 7,833.3% in the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 235 shares during the last quarter. Richardson Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $34,000. Finally, Bare Financial Services Inc purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $35,000. 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.