JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 0.8% – What’s Next?

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 0.8% during trading on Tuesday . The company traded as low as $236.83 and last traded at $237.59. 1,644,245 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 8,962,243 shares. The stock had previously closed at $239.58.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Daiwa Capital Markets lowered their price objective on shares of 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. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Finally, Citigroup increased their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $234.81.

JPMorgan Chase & Co. Stock Up 1.1 %

The stock has a 50-day moving average of $235.56 and a 200-day moving average of $217.52. 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 market cap of $655.86 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 3.54 and a beta of 1.11.

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

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is presently 27.82%.

Institutional Trading of JPMorgan Chase & Co.

Several large investors have recently made changes to their positions in JPM. Independent Solutions Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 3.2% during the third quarter. Independent Solutions Wealth Management LLC now owns 8,862 shares of the financial services provider’s stock worth $1,869,000 after purchasing an additional 275 shares during the last quarter. SMART Wealth LLC raised its holdings in shares of JPMorgan Chase & Co. by 171.2% during the 3rd quarter. SMART Wealth LLC now owns 3,938 shares of the financial services provider’s stock worth $830,000 after buying an additional 2,486 shares in the last quarter. Legacy Wealth Management LLC MS lifted its position in shares of JPMorgan Chase & Co. by 3.9% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 13,168 shares of the financial services provider’s stock worth $2,777,000 after buying an additional 500 shares during the last quarter. DGS Capital Management LLC acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at about $208,000. Finally, Garden State Investment Advisory Services LLC boosted its stake in JPMorgan Chase & Co. by 2.3% in the third quarter. Garden State Investment Advisory Services LLC now owns 4,189 shares of the financial services provider’s stock valued at $887,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

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.