J P Morgan Chase & Co (NYSE:JPM) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 25,927,867 shares, a decrease of 24.5% from the June 15th total of 34,345,690 shares. Based on an average daily trading volume, of 15,696,321 shares, the short-interest ratio is currently 1.7 days. Currently, 0.7% of the company’s stock are short sold.

In other news, CFO Marianne Lake sold 17,596 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ashley Bacon sold 6,514 shares of the stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $87.21, for a total transaction of $568,085.94. Following the transaction, the insider now owns 47,384 shares of the company’s stock, valued at $4,132,358.64. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Fairview Capital Investment Management LLC acquired a new position in J P Morgan Chase & Co during the fourth quarter valued at approximately $208,000. LBA Wealth Management LLC boosted its stake in shares of J P Morgan Chase & Co by 1.5% in the fourth quarter. LBA Wealth Management LLC now owns 24,306 shares of the financial services provider’s stock valued at $2,097,000 after buying an additional 369 shares during the last quarter. FIL Ltd boosted its stake in shares of J P Morgan Chase & Co by 3.0% in the fourth quarter. FIL Ltd now owns 7,365,199 shares of the financial services provider’s stock valued at $635,544,000 after buying an additional 211,295 shares during the last quarter. RidgeWorth Capital Management LLC boosted its stake in shares of J P Morgan Chase & Co by 25.7% in the fourth quarter. RidgeWorth Capital Management LLC now owns 1,947,168 shares of the financial services provider’s stock valued at $168,021,000 after buying an additional 398,410 shares during the last quarter. Finally, First Capital Advisors Group LLC. purchased a new stake in shares of J P Morgan Chase & Co during the fourth quarter valued at $1,685,000. 74.25% of the stock is currently owned by institutional investors.

J P Morgan Chase & Co (JPM) opened at 91.39 on Tuesday. The firm has a market cap of $324.65 billion, a price-to-earnings ratio of 14.07 and a beta of 1.19. The stock’s 50 day moving average is $85.98 and its 200-day moving average is $87.09. J P Morgan Chase & Co has a one year low of $63.38 and a one year high of $94.51.

J P Morgan Chase & Co (NYSE:JPM) last released its earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same quarter last year, the firm earned $1.55 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts expect that J P Morgan Chase & Co will post $6.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, July 3rd. J P Morgan Chase & Co’s dividend payout ratio is currently 29.59%.

Several brokerages recently issued reports on JPM. BidaskClub upgraded shares of J P Morgan Chase & Co from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods raised their target price on shares of J P Morgan Chase & Co to $47.00 and gave the company a “buy” rating in a research note on Monday, April 17th. Vetr downgraded shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 target price for the company. in a research note on Monday, June 12th. Vining Sparks upgraded shares of J P Morgan Chase & Co to an “outperform” rating and set a $95.00 target price for the company in a research note on Thursday, April 27th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $85.00 target price on shares of J P Morgan Chase & Co in a research note on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $84.75.

WARNING: “J P Morgan Chase & Co (JPM) Short Interest Down 24.5% in June” was posted by Daily Political and is owned by of Daily Political. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://www.dailypolitical.com/2017/07/17/j-p-morgan-chase-co-jpm-short-interest-down-24-5-in-june.html.

J P Morgan Chase & Co Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Receive News & Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related companies with MarketBeat.com's FREE daily email newsletter.