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

On Monday, shares of JPMorgan Chase & Co. (NYSE:JPM) experienced a decline of 3.5%. The stock hit a low of $232.52 before closing at $233.71. A total of 4,899,698 shares were traded during the session, marking a 44% drop from the average trading volume of 8,696,452 shares. The previous closing price stood at $242.28.

Recent Analyst Ratings

JPMorgan has been featured in several recent analyst reports. For instance, Wells Fargo & Company raised their target price for the stock from $240.00 to $270.00, assigning it an "overweight" rating as of November 15th. Keefe, Bruyette & Woods increased their price objective from $257.00 to $264.00, giving a "market perform" rating on January 16th. Bank of America raised their target from $260.00 to $280.00, tagging it with a "buy" rating on January 7th. Barclays set a target price of $330.00 from a previous $304.00 and classified the stock as "overweight." Lastly, Citigroup adjusted their target to $250.00 from $215.00, rating it as "neutral." In total, ten analysts have assigned a hold rating, while another ten have rated it as a buy, leading to a consensus overall rating of "Moderate Buy" with an average target price of $252.89.

Stock Performance and Financials

JPMorgan Chase & Co. holds a market capitalization of $641.03 billion, with a P/E ratio of 11.61 and a PEG ratio of 2.83, along with a beta of 1.10. The fifty-day moving average price for the stock is $259.05, while the 200-day moving average stands at $238.78. Its debt-to-equity ratio is 1.24, quick ratio is 0.89, and current ratio is 0.88.

Quarterly Earnings Report

JPMorgan Chase & Co. released its quarterly earnings on January 15th, reporting earnings per share (EPS) of $4.81, which exceeded analysts' consensus estimate of $4.03 by $0.78. The company achieved a return on equity of 16.99% with a net margin of 20.96% for the quarter. Revenue reached $42.77 billion, surpassing the anticipated $41.90 billion. This marks an increase of 10.9% in revenue compared to the same quarter last year. Analysts foresee JPMorgan earning 18.1 EPS for the current fiscal year.

Insider Activity

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the company on February 20th at an average price of $269.84, totaling approximately $10.12 million. This sale represented a 19.14% decrease in his stake, and he now holds 158,381 shares valued at around $42.74 million. Additionally, insider Robin Leopold sold 1,250 shares on the same day for about $337,612.50, reflecting a 2.42% decrease in their holdings. The total insider sales in the last quarter amounted to 46,326 shares, worth approximately $12.45 million. Insiders now own 0.79% of JPMorgan's stock.

Institutional Investors Updates

Recently, various institutional investors have adjusted their positions in JPMorgan Chase & Co. For example, Mizuho Securities Co. Ltd. entered a new stake worth $25,000 in the third quarter, while Redwood Park Advisors LLC invested approximately $29,000 in the fourth quarter. Sellwood Investment Partners LLC also acquired a stake valued at about $34,000. Currently, about 71.55% of the stock is held by institutional investors.

Company Overview

JPMorgan Chase & Co. is a financial holding company that provides a variety of financial and investment banking services. Their offerings encompass investment banking products and services across all capital markets, including corporate strategy advising, capital raising in equity and debt markets, risk management solutions, market making in cash securities, derivative instruments, brokerage, and research.

JPMorgan, Stocks, Market