JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 0.5%

JPMorgan Chase & Co. (NYSE:JPM)'s share price traded down 0.5% on Thursday . The stock traded as low as $196.81 and last traded at $197.35. 1,652,060 shares were traded during trading, a decline of 82% from the average session volume of 9,250,464 shares. The stock had previously closed at $198.31.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, March 20th. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a "buy" rating in a research note on Tuesday. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a "market perform" rating in a research note on Tuesday. Finally, Morgan Stanley cut their price objective on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an "overweight" rating for the company in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average price target of $194.10.

JPMorgan Chase & Co. Price Performance

The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The stock's 50-day moving average is $194.50 and its 200 day moving average is $177.66. The stock has a market capitalization of $565.49 billion, a PE ratio of 11.89, a P/E/G ratio of 1.75 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data 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. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. As a group, equities analysts expect that JPMorgan Chase & Co. will post 16.31 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.78%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the completion of the transaction, the insider now owns 44,113 shares in the company, valued at $8,772,311.18. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the business's stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the sale, the insider now directly owns 64,783 shares in the company, valued at $12,656,006.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robin Leopold sold 3,000 shares of the business's stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $198.86, for a total transaction of $596,580.00. Following the sale, 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. Insiders sold 249,399 shares of company stock worth $46,713,667 over the last 90 days. Company insiders own 0.79% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Dock Street Asset Management Inc. increased its stake in JPMorgan Chase & Co. by 2.6% during the first quarter. Dock Street Asset Management Inc. now owns 2,638 shares of the financial services provider's stock valued at $528,000 after purchasing an additional 68 shares during the last quarter. FSA Advisors Inc. increased its stake in JPMorgan Chase & Co. by 8.3% during the first quarter. FSA Advisors Inc. now owns 3,248 shares of the financial services provider's stock valued at $651,000 after purchasing an additional 250 shares during the last quarter. Second Line Capital LLC increased its stake in JPMorgan Chase & Co. by 7.8% during the first quarter. Second Line Capital LLC now owns 19,653 shares of the financial services provider's stock valued at $3,937,000 after purchasing an additional 1,415 shares during the last quarter. BigSur Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $6,036,000. Finally, Swedbank AB bought a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $800,130,000. 71.55% of the stock is owned by institutional investors and hedge funds.

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.