JPMorgan Chase & Co. (NYSE:JPM) Stock Price Down 1.3% – Time to Sell?

Shares of JPMorgan Chase & Co. (NYSE:JPM) were down 1.3% during mid-day trading on Tuesday . The company traded as low as $294.50 and last traded at $297.50. Approximately 2,242,390 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 9,686,269 shares. The stock had previously closed at $301.42.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Phillip Securities lowered JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 16th. TD Cowen initiated coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a “buy” rating and a $305.00 price target on the stock. Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday, July 7th. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Finally, HSBC reiterated a “reduce” rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $288.68.

JPMorgan Chase & Co. Price Performance

The company has a market cap of $819.02 billion, a P/E ratio of 15.28, a PEG ratio of 2.00 and a beta of 1.13. The company has a fifty day simple moving average of $292.05 and a 200-day simple moving average of $265.36. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same period in the previous year, the business earned $6.12 EPS. The company’s revenue was down 10.5% on a year-over-year basis. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the sale, the chief operating officer directly owned 62,455 shares of the company’s stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JPMorgan Chase & Co.

A number of institutional investors have recently made changes to their positions in JPM. PVG Asset Management Corp acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth approximately $226,000. Evolution Wealth Management Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $77,000. Prospera Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.9% in the 2nd quarter. Prospera Capital Management LLC now owns 2,462 shares of the financial services provider’s stock valued at $714,000 after buying an additional 69 shares during the period. Stonebridge Wealth Management LLC bought a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at $282,000. Finally, Tribridge Partners Financial LLC bought a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $345,000. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.