JPMorgan Chase & Co. (NYSE:JPM) Shares Decline 0.4% - Is It Time to Sell?

On Wednesday, shares of JPMorgan Chase & Co. (NYSE:JPM) experienced a slight decline of 0.4% during mid-day trading. The stock touched a low of $227.26 before recovering to last trade at $228.17. During the session, approximately 4,079,966 shares changed hands, which is a significant drop of 54% compared to the average volume of 8,778,690 shares. The previous closing price stood at $229.14.

Changes in Analyst Ratings

In recent analyses, various research firms have provided updates on JPMorgan Chase. Keefe, Bruyette & Woods raised their target price from $257.00 to $264.00 while maintaining a 'market perform' rating in a note on January 16th. Similarly, Wolfe Research upgraded JPMorgan from a 'peer perform' rating to 'outperform' with a new price target of $269.00 noted on January 3rd. UBS Group also increased their target price from $276.00 to $287.00, designating the stock as a 'buy' in a report on January 16th. On March 7th, Baird R W shifted their rating from 'strong sell' to 'hold,' and Robert W. Baird upgraded JPMorgan from 'underperform' to 'neutral' while adjusting their price target from $215.00 to $220.00. Currently, ten analysts recommend holding the stock, while another ten suggest buying it, leading to a consensus rating of 'Moderate Buy' with a target price of $252.89.

JPMorgan Chase & Co. Stock Overview

The company's 50-day moving average sits at $259.05, while the two-hundred day average stands at $238.78. Key financial ratios reflect a quick ratio of 0.89, a current ratio of 0.88, and a debt-to-equity ratio of 1.24. With a market capitalization of $642.93 billion, JPMorgan Chase exhibits a price-to-earnings (PE) ratio of 11.65 and a price-to-earnings-growth (PEG) ratio of 2.83. The stock has a beta of 1.10, indicating a moderate to high volatility compared to the market.

In terms of earnings, JPMorgan Chase reported $4.81 earnings per share for the quarter ended January 15th, exceeding analysts' expectations of $4.03 by $0.78. The firm's revenue reached $42.77 billion, surpassing the anticipated $41.90 billion, and marking a year-over-year increase of 10.9%. This time last year, they reported earnings of $3.04 per share. Analysts estimate that JPMorgan Chase will achieve earnings of $18.1 per share for the current fiscal year.

Insider Transactions

In notable insider transactions, CEO Troy L. Rohrbaugh sold 37,500 shares of the company's stock on February 20th at an average price of $269.84, totaling $10,119,000.00. Post-sale, he holds 158,381 shares, worth approximately $42.74 million. This sale indicates a reduction of 19.14% of his position. Additionally, General Counsel Stacey Friedman sold 3,303 shares on January 16th at an average price of $253.94 for $838,763.82. Following this transaction, she owns 47,620 shares valued at around $12.09 million, reflecting a 6.49% decrease in her holding. Over the last ninety days, insiders have sold a total of 46,326 shares worth $12,448,445, while they hold approximately 0.79% of the company's stock.

Institutional Ownership

Several institutional investors have recently adjusted their positions in JPMorgan Chase. Mizuho Securities Co. Ltd. acquired a new stake worth about $25,000 during the third quarter. Redwood Park Advisors LLC also bought shares valued at approximately $29,000 in the fourth quarter, alongside Sellwood Investment Partners LLC with a $34,000 investment. Investment Counsel Co. of Nevada made a new acquisition worth $37,000, and Prudent Man Investment Management Inc. invested around $43,000 in the same period. Currently, hedge funds and other institutional investors own approximately 71.55% of the company stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. is a financial holding company that provides a wide range of financial services, including investment banking, asset management, private banking, and treasury services. The firm is involved in advising clients on corporate strategies, raising capital in equity and debt markets, managing risks, and facilitating market-making operations in various securities and derivatives.

JPMorgan, Stocks, Finance