JPMorgan Chase & Co. (NYSE:JPM) Trading Down 0.8%

JPMorgan Chase & Co. (NYSE:JPM) shares fell 0.8% on Monday . The company traded as low as $205.29 and last traded at $208.73. 1,652,562 shares were traded during mid-day trading, a decline of 82% from the average session volume of 9,136,136 shares. The stock had previously closed at $210.50.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on JPM shares. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Wolfe Research downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Finally, Piper Sandler boosted their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

JPMorgan Chase & Co. Price Performance

The firm has a market capitalization of $600.84 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The company has a 50-day moving average of $211.47 and a 200-day moving average of $202.57.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The firm had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same period last year, the company earned $4.37 earnings per share. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 16.72 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.39%. JPMorgan Chase & Co.’s payout ratio is 27.89%.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several institutional investors and hedge funds have recently modified their holdings of JPM. Gilbert & Cook Inc. increased its position in JPMorgan Chase & Co. by 1.5% during the 4th quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock worth $1,932,000 after purchasing an additional 164 shares in the last quarter. Aveo Capital Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 13.0% during the fourth quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock worth $876,000 after buying an additional 591 shares in the last quarter. Prudent Man Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 3.4% in the 4th quarter. Prudent Man Advisors LLC now owns 20,752 shares of the financial services provider’s stock valued at $3,530,000 after acquiring an additional 677 shares during the last quarter. Poehling Capital Management INC. boosted its holdings in shares of JPMorgan Chase & Co. by 1.4% during the 4th quarter. Poehling Capital Management INC. now owns 20,991 shares of the financial services provider’s stock valued at $3,571,000 after acquiring an additional 295 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in JPMorgan Chase & Co. by 4.0% during the 4th quarter. Jones Financial Companies Lllp now owns 134,463 shares of the financial services provider’s stock worth $22,872,000 after acquiring an additional 5,182 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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.