JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 0.4% – Time to Sell?

JPMorgan Chase & Co. (NYSE:JPM)’s share price dropped 0.4% during trading on Thursday . The stock traded as low as $240.79 and last traded at $241.44. Approximately 793,127 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 9,047,883 shares. The stock had previously closed at $242.31.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on JPM shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Royal Bank of Canada upped their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Barclays lifted their price target on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Finally, Daiwa Capital Markets dropped their price target on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $234.81.

JPMorgan Chase & Co. Stock Performance

The firm’s 50 day moving average is $238.06 and its 200-day moving average is $219.37. The stock has a market capitalization of $678.98 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 3.54 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter in the prior year, the firm posted $4.33 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. Analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be given a dividend of $1.25 per share. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 2.07%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

Institutional Trading of JPMorgan Chase & Co.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Eagle Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock worth $4,423,000 after purchasing an additional 84 shares during the last quarter. Proathlete Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 3.1% in the second quarter. Proathlete Wealth Management LLC now owns 5,117 shares of the financial services provider’s stock valued at $1,035,000 after acquiring an additional 152 shares in the last quarter. Park Edge Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 2.2% in the second quarter. Park Edge Advisors LLC now owns 11,324 shares of the financial services provider’s stock valued at $2,290,000 after acquiring an additional 249 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. LS Investment Advisors LLC now owns 14,562 shares of the financial services provider’s stock worth $2,945,000 after acquiring an additional 88 shares during the last quarter. Finally, Hall Capital Management Co. Inc. increased its position in shares of JPMorgan Chase & Co. by 0.8% during the second quarter. Hall Capital Management Co. Inc. now owns 28,786 shares of the financial services provider’s stock worth $5,822,000 after purchasing an additional 223 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

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.