Shares of JPMorgan Chase & Co. (NYSE:JPM) fell 0.8%

The share price of JPMorgan Chase & Co. (NYSE:JPM) traded down 0.8% during trading on Wednesday. The stock traded as high as $207.16 and last traded at $207.59. About 1,347,571 shares changed hands during trading, down 85% from the average daily volume of 9,100,810 shares. Shares previously closed at $209.25.

Changes in Analyst Ratings

Several brokerages have issued reports on JPM. StockNews.com updated shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Jefferies Financial Group increased their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Piper Sandler raised their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Robert W. Baird raised his price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Finally, Wolfe Research downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to an “equal perform” rating in a research report on Monday, July 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Moderate Buy” and an average target price of $211.06, based on data from MarketBeat.

Check out our latest report on JPM

Trading JPMorgan Chase & Co. down 0.6%

The firm has a market cap of $597.19 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 2.33 and a beta of 1.12. The company has a fifty day moving average price of $211.43 and a 200 day moving average price of $201.36. The company has a current ratio of 0.91, a quick ratio of 0.91, and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report ) last announced its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping the consensus estimate of $4.19 by $1.93. The firm had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. In the same quarter last year, the business earned $4.37 EPS. As a group, research analysts expect JPMorgan Chase & Co. to post 16.78 EPS for the current year.

Hedge funds influence JPMorgan Chase & Co.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Retirement Group LLC grew its position in shares of JPMorgan Chase & Co. by 227.1% in 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. in the second quarter, worth approximately $32,000. Richardson Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter worth approximately $34,000. Anfield Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the second quarter, valued at approximately $34,000. Finally, Davidson Capital Management Inc. acquired a new position in shares of JPMorgan Chase & Co. in the first quarter, valued at approximately $37,000. 71.55% of the shares are currently held by institutional investors and hedge funds.

Company Profile JPMorgan Chase & Co

(Get a free report)

JPMorgan Chase & Co. operates as a global financial services company. 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, leasing and travel services for consumers and small businesses through bank branches, ATMs and digital and phone banking.

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