JPMorgan Chase & Co. (NYSE:JPM) Shares Down 0.2%

JPMorgan Chase & Co. (NYSE:JPM)’s stock price was down 0.2% during mid-day trading on Wednesday . The company traded as low as $213.19 and last traded at $214.12. Approximately 1,148,747 shares changed hands during trading, a decline of 87% from the average daily volume of 9,129,288 shares. The stock had previously closed at $214.52.

Analysts Set New Price Targets

JPM has been the subject of a number of research reports. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Tuesday, July 9th. Evercore ISI increased their price objective on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. 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 report on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

JPMorgan Chase & Co. Stock Up 0.8 %

The business’s 50 day moving average is $206.81 and its 200 day moving average is $196.86. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The company has a market cap of $626.83 billion, a P/E ratio of 12.17, a P/E/G ratio of 2.42 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping 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 analysts’ expectations of $42.23 billion. During the same period in the prior year, the business posted $4.37 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the sale, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several hedge funds have recently added to or reduced their stakes in the business. Stone House Investment Management LLC grew its stake in shares of JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares during the period. Retirement Group LLC boosted its holdings in JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after buying an additional 109 shares in the last quarter. Fairway Wealth LLC acquired a new stake in JPMorgan Chase & Co. during the second quarter valued at $32,000. Richardson Capital Management LLC purchased a new position in JPMorgan Chase & Co. in the first quarter valued at $34,000. Finally, Anfield Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the second quarter worth about $34,000. 71.55% of the stock is 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.