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Wednesday, February 8, 2023

Is JPMorgan Chase & Co. (NYSE: JPM) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for JPMorgan Chase & Co. (JPM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.34, or 0.25%, to $135.09. The JPMorgan Chase & Co. has recorded 751,443 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that JPMorgan Chase to Present at the BofA Financial Services Conference.

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Stocks Info

JPM belongs to the Financial sector of the NYSE while operating in the Banks – Diversified industry. At the end of the last regular session, the stock closed at $134.75 and fluctuated between $135.90 as its day high and $133.59 as its day low. The current market capitalization of JPMorgan Chase & Co. is $385.52B. A total of 13.27 million shares were traded on the day, compared to an average of 10.91M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, JPM has seen 2 BUY and 9 SELL insider trades, representing the acquisition of 1,706 and the disposition of 193,499 shares. Over the last 12 months, there were 35 BUYs and 25 SELLs from insiders. Insiders purchased 979,621 shares during that period but sold 816,782.

In the most recent transaction, Scher Peter sold 4,399 shares of JPM for 140.32 per share on Jan 17. After the transaction, the Vice Chairman now owns 36,369 company shares. In a previous transaction on Jan 17, Piepszak Jennifer sold 10,462 shares at 140.32 per share. JPM shares that Co-CEO CCB owns now total 11,700.

Among the insiders who sold shares, Petno Douglas B disposed of 11,644 shares on Jan 17 at a per-share price of $140.30. This resulted in the CEO Commercial Banking holding 242,729 shares of JPM after the transaction. In another insider transaction, Lake Marianne sold 10,000 shares at $141.00 per share on Jan 17. Company shares held by the Co-CEO CCB now total 86,864.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. JPMorgan Chase & Co. pays an annual dividend of $4.00, resulting in a dividend yield of 2.97%, and it has a price to earnings (P/E) ratio of 11.38. JPM’s most recent ex-dividend date was 1/5/2023 when it declared a $1.00 quarterly dividend that was paid in cash on 1/31/2023. Previously, the company paid the dividend on 10/31/2022 with an ex-dividend date of 10/5/2022. The JPM stock dividend was $1.00 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for JPM in the last 3 months, the mean price target is $156.67 with high estimates of $189.00 and low estimates of $137.00. In terms of 52-week highs and lows, JPM has a high of $159.03 and a low of $101.28.

As of this writing, JPM has an earnings estimate of $3.13 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $3.55 per share and a lower estimate of $2.78. The company reported an EPS of $2.76 in the last quarter, which was -4.20% lower than expectations of $2.88.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 26 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for JPM is Sell with a score of 4.16. A total of 13 analysts rated the stock as Buy while 3 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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