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

JPMorgan Chase & Co. (NYSE:JPM) dropped 0.5% during mid-day trading on Friday following insider selling activity. The company traded as low as $252.63 and last traded at $253.03. 4,485,103 shares were traded during mid-day trading, a decline of 58% from the average session volume of 10,571,222 shares. The stock had previously closed at $254.27.

Specifically, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Analysts Set New Price Targets

Several brokerages have weighed in on JPM. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Citigroup lifted their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Evercore ISI raised their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Daiwa Capital Markets lowered their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Trading Down 0.4 %

The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a fifty day simple moving average of $242.70 and a two-hundred day simple moving average of $223.72. The firm has a market capitalization of $712.89 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 3.16 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.04 earnings per share. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 17.46 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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 paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

Institutional Investors Weigh In On JPMorgan Chase & Co.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JPM. Aspire Private Capital LLC lifted its stake in shares of JPMorgan Chase & Co. by 3.5% in the 4th quarter. Aspire Private Capital LLC now owns 4,659 shares of the financial services provider’s stock valued at $1,117,000 after purchasing an additional 159 shares during the period. Verum Partners LLC lifted its position in JPMorgan Chase & Co. by 0.8% during the 4th quarter. Verum Partners LLC now owns 6,362 shares of the financial services provider’s stock valued at $1,525,000 after acquiring an additional 51 shares during the period. Perfromance Wealth Partners LLC lifted its position in JPMorgan Chase & Co. by 9.6% during the 4th quarter. Perfromance Wealth Partners LLC now owns 181,580 shares of the financial services provider’s stock valued at $43,527,000 after acquiring an additional 15,979 shares during the period. Octavia Wealth Advisors LLC boosted its stake in JPMorgan Chase & Co. by 13.9% during the fourth quarter. Octavia Wealth Advisors LLC now owns 23,303 shares of the financial services provider’s stock worth $5,586,000 after acquiring an additional 2,835 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. grew its holdings in JPMorgan Chase & Co. by 69.2% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 22,000 shares of the financial services provider’s stock worth $5,274,000 after purchasing an additional 9,000 shares during the period. 71.55% of the stock is currently owned by 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.