JPMorgan Chase & Co. (NYSE:JPM) Shares Down 1.8% - Should You Sell?

Key Points

• JPMorgan shares fell 1.8% to about $336.92, while trading volume was slightly above average. Despite the decline, analysts maintain an overall “Moderate Buy” rating, with an average price target of $363.29.
• Recent analyst views are mixed but generally supportive: Deutsche Bank upgraded the stock to “Buy,” UBS raised its target to $400, and Goldman Sachs maintained a “Buy” rating, while Jefferies reiterated “Neutral.”
• JPMorgan increased its quarterly dividend from $1.50 to $1.65, representing a $6.60 annualized payout and a 2.0% yield. The bank also reported quarterly earnings and revenue above consensus estimates, though inflation risks from record diesel prices remain a concern.

JPMorgan Chase & Co. (NYSE:JPM)'s share price was down 1.8% during mid-day trading on Monday. The stock traded as low as $336.30 and last traded at $336.9180. Approximately 9,735,512 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 9,285,454 shares. The stock had previously closed at $343.06.

Key Stories Impacting JPMorgan Chase & Co.

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: HSBC raised its price target for JPMorgan from $369 to $377, implying meaningful upside from recent levels. However, HSBC maintained a “Hold” rating, limiting the bullish impact. HSBC Adjusts Price Target on JPMorgan Chase
• Positive Sentiment: JPMorgan’s dividend remains an investor support. The bank was highlighted among companies that recently increased dividends, with earnings and cash flow viewed as sufficient to support further payout growth. Dividend Stocks With Higher Yields and Room for More Payout Growth
• Neutral Sentiment: JPMorgan’s equity strategists turned more constructive on technology stocks, saying the recent technology and artificial-intelligence pullback has largely run its course and that investors may begin buying again. This could benefit JPMorgan’s markets and investment-banking activity, but it does not directly change current earnings expectations. JPMorgan Says Tech Sell-Off Has Run Its Course
• Neutral Sentiment: Jefferies reiterated a “Neutral” rating on JPMorgan, reinforcing the view that valuation and growth prospects are reasonably balanced. JPMorgan Neutral Rating Reiterated
• Negative Sentiment: JPMorgan’s warning about record diesel prices highlights renewed inflation risk. Persistent fuel-cost pressure could delay interest-rate cuts and weigh on economic activity, credit quality, and financial-market sentiment. JPMorgan Doubles Down on Diesel

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on JPM. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and set a $375.00 target price on the stock in a research report on Wednesday, July 22nd. UBS Group lifted their price objective on JPMorgan Chase & Co. from $384.00 to $400.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Jefferies Financial Group reiterated a "neutral" rating on shares of JPMorgan Chase & Co. in a research note on Friday. Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an "outperform" rating in a report on Wednesday, July 15th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $418.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Sixteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average price target of $363.29.

JPMorgan Chase & Co. Stock Down 1.8%

The firm has a market cap of $895.59 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.41 and a beta of 0.98. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. The business's 50-day moving average is $353.76 and its 200-day moving average is $325.71.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.59 by $0.55. The firm had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm's quarterly revenue was up 27.7% on a year-over-year basis. During the same period last year, the firm posted $4.96 EPS. On average, equities analysts predict that JPMorgan Chase & Co. will post 24.3 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be paid a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio is presently 25.71%.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the transaction, the insider directly owned 71,047 shares of the company's stock, valued at $25,066,092.07. The trade was a 3.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $11,396,496,000. Bank of America Corp DE grew its holdings in JPMorgan Chase & Co. by 15.8% during the 1st quarter. Bank of America Corp DE now owns 65,660,460 shares of the financial services provider's stock worth $19,314,681,000 after acquiring an additional 8,941,351 shares during the last quarter. Ascentis Wealth Management LLC grew its holdings in JPMorgan Chase & Co. by 32,672.0% during the 2nd quarter. Ascentis Wealth Management LLC now owns 4,647,071 shares of the financial services provider's stock worth $1,521,126,000 after acquiring an additional 4,632,891 shares during the last quarter. Jupiter Topco LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $1,274,097,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in JPMorgan Chase & Co. by 31.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,944,004 shares of the financial services provider's stock valued at $2,042,648,000 after acquiring an additional 1,662,250 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, investment banking, asset management, private banking, commercial banking, consumer lending and payment services to individuals, businesses, institutions and governments.

The company operates through major business areas that include Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management. Its products and services include deposit accounts, credit cards, mortgages, auto loans, business financing, investment and advisory services, securities trading and custody, payment processing, and wealth-management solutions.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across international markets.

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