JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 3.5% - Here's Why

JPMorgan Chase & Co. (NYSE:JPM) experienced a decline of 3.5% during trading on Monday. The stock reached a low of $232.52 before recovering slightly to last trade at $233.71. A total of 4,899,698 shares were exchanged during intraday trading, which marks a significant drop of 44% compared to the average daily trading volume of 8,696,452 shares. Previously, the stock closed at $242.28.

Analysts Set New Price Targets

JPMorgan has been the subject of discussions in several recent analyst reports. On Friday, November 15th, Wells Fargo & Company increased their target price for JPMorgan Chase & Co. from $240 to $270, providing the stock with an "overweight" rating. Similarly, Keefe, Bruyette & Woods raised their price target from $257 to $264, assigning it a "market perform" rating in a research note on Thursday, January 16th. Bank of America also lifted their target from $260 to $280, granting the stock a "buy" rating on Tuesday, January 7th.

Barclays revised their estimate as well, increasing the target price from $304 to $330 and maintaining an "overweight" rating as of January 16th. Lastly, Citigroup raised their target from $215 to $250 while assigning a "neutral" rating on November 19th. Of the total analysts reviewing the stock, ten have rated it as a hold, while ten others classified it as a buy. According to MarketBeat.com, the overall average rating stands at "Moderate Buy," with a consensus price target of $252.89.

JPMorgan Chase & Co. Stock Performance

This financial institution boasts a market capitalization of $641.03 billion. It has a price-to-earnings (P/E) ratio of 11.61 and a price/earnings to growth (PEG) ratio of 2.83. The stock has a beta of 1.10, indicating its volatility compared to the market. Its fifty-day moving average is currently priced at $259.05, while the 200-day moving average stands at $238.78. Additionally, JPMorgan Chase & Co. has a debt-to-equity ratio of 1.24, a quick ratio of 0.89, and a current ratio of 0.88.

Earnings and Returns

JPMorgan Chase & Co. recently released its quarterly earnings report on Wednesday, January 15th. The financial services firm reported earnings per share (EPS) of $4.81 for the quarter, surpassing the consensus estimate of $4.03 by $0.78. The company's return on equity was recorded at 16.99%, and it showed a net margin of 20.96%. Revenue for the quarter was reported at $42.77 billion, exceeding analyst estimates of $41.90 billion, which represents a 10.9% increase compared to the same quarter last year. Analysts forecast that JPMorgan Chase & Co. will achieve an EPS of 18.1 for the current fiscal year.

Insider Activity at JPMorgan Chase & Co.

Recently, CEO Troy L. Rohrbaugh sold 37,500 shares of the company's stock on February 20th. The shares were sold at an average price of $269.84, amounting to a total of $10,119,000. Following this sale, the CEO's ownership decreased to 158,381 shares, valued at approximately $42,737,529.04. This represents a 19.14% reduction in his position. Insider Robin Leopold also sold 1,250 shares on the same day at an average price of $270.09. Following this trade, Leopold now owns 50,377 shares, valued at around $13,606,323.93, reflecting a 2.42% decrease in their ownership. Over the last quarter, insiders have sold a total of 46,326 shares worth $12,448,445, with insiders holding 0.79% of the company's shares.

Institutional Trading of JPMorgan Chase & Co.

Recently, several institutional investors have altered their stakes in JPM. Mizuho Securities Co. Ltd. established a new position in shares of JPMorgan Chase & Co. during the third quarter, valued at $25,000. Redwood Park Advisors LLC acquired a new position in the fourth quarter for about $29,000. Sellwood Investment Partners LLC also bought new shares valued at approximately $34,000 during the fourth quarter. Investment Counsel Co. of Nevada added a new stake worth about $37,000, while Prudent Man Investment Management Inc. acquired a new position valued at around $43,000 in the same quarter. Currently, institutional investors hold 71.55% of the total stock.

Company Overview

JPMorgan Chase & Co. is a financial holding company specializing in providing a variety of financial and investment banking services. The firm offers an extensive range of investment banking solutions across all capital markets, including corporate strategy consultation, capital raising in equity and debt markets, risk management solutions, market making in cash securities and derivatives, along with brokerage and research services.

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