JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 0.3% on Insider Selling

JPMorgan Chase & Co. (NYSE:JPM) shares fell 0.3% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $200.79 and last traded at $200.97. 2,396,282 shares traded hands during trading, a decline of 74% from the average session volume of 9,131,663 shares. The stock had previously closed at $201.51.

Specifically, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the sale, the chief executive officer now directly owns 32,819 shares of the company's stock, valued at $5,873,288.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ashley Bacon sold 3,368 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $179.00, for a total transaction of $602,872.00. Following the completion of the transaction, the insider now directly owns 202,093 shares in the company, valued at $36,174,647. The disclosure for this sale can be found here. Insiders have sold a total of 1,078,240 shares of company stock worth $197,968,219 in the last 90 days. Corporate insiders own 0.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on JPM shares. BMO Capital Markets cut their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a "market perform" rating on the stock in a research note on Monday, April 15th. Piper Sandler cut their price target on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an "overweight" 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 report on Tuesday, April 16th. Morgan Stanley cut their target price on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an "overweight" rating on the stock in a report on Monday, April 15th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $192.05.

JPMorgan Chase & Co. Trading Up 0.3 %

The firm has a market cap of $580.54 billion, a P/E ratio of 12.11, a P/E/G ratio of 2.45 and a beta of 1.13. The business's 50-day moving average is $192.97 and its two-hundred day moving average is $175.23. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92.

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 for the quarter, beating analysts' consensus estimates of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, analysts predict that JPMorgan Chase & Co. will post 16.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were given 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 2.28%. 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%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley grew its position in shares of JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider's stock valued at $9,127,754,000 after acquiring an additional 201,441 shares during the period. FMR LLC grew its position in shares of JPMorgan Chase & Co. by 1.2% in the 3rd quarter. FMR LLC now owns 49,417,639 shares of the financial services provider's stock valued at $7,166,546,000 after acquiring an additional 606,382 shares during the period. Wellington Management Group LLP grew its position in shares of JPMorgan Chase & Co. by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider's stock valued at $6,151,997,000 after acquiring an additional 4,603,090 shares during the period. Capital International Investors grew its position in shares of JPMorgan Chase & Co. by 1.9% in the 1st quarter. Capital International Investors now owns 42,294,992 shares of the financial services provider's stock valued at $8,471,687,000 after acquiring an additional 778,297 shares during the period. Finally, Norges Bank bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $6,016,878,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Company Profile

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.