J P Morgan Chase & Co (NYSE:JPM) was the recipient of some unusual options trading on Friday. Stock traders purchased 32,689 put options on the company. This represents an increase of 138% compared to the average daily volume of 13,712 put options.

A number of brokerages have issued reports on JPM. BidaskClub raised J P Morgan Chase & Co from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Robert W. Baird reaffirmed a “hold” rating and set a $88.00 price target on shares of J P Morgan Chase & Co in a report on Thursday. Zacks Investment Research downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Vetr downgraded J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price target for the company. in a report on Monday, June 12th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $102.00 price target on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $86.36.

In related news, General Counsel Stacey Friedman sold 9,968 shares of J P Morgan Chase & Co stock in a transaction on Monday, August 21st. The stock was sold at an average price of $90.55, for a total value of $902,602.40. Following the completion of the transaction, the general counsel now directly owns 10,527 shares in the company, valued at $953,219.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Marianne Lake sold 17,596 shares of J P Morgan Chase & Co stock in a transaction on Monday, July 17th. The shares were sold at an average price of $91.58, for a total value of $1,611,441.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,564 shares of company stock valued at $2,605,334. 0.88% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the business. MPS Loria Financial Planners LLC acquired a new stake in shares of J P Morgan Chase & Co in the second quarter valued at approximately $296,000. Frontier Investment Mgmt Co. increased its stake in shares of J P Morgan Chase & Co by 7.1% in the second quarter. Frontier Investment Mgmt Co. now owns 30,498 shares of the financial services provider’s stock valued at $2,787,000 after purchasing an additional 2,017 shares during the period. Intl Fcstone Inc. acquired a new stake in shares of J P Morgan Chase & Co in the second quarter valued at approximately $2,667,000. Griffin Asset Management Inc. acquired a new stake in shares of J P Morgan Chase & Co in the second quarter valued at approximately $5,058,000. Finally, Gs Investments Inc. acquired a new stake in shares of J P Morgan Chase & Co in the second quarter valued at approximately $676,000. Institutional investors own 77.90% of the company’s stock.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating the 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 business earned $1.55 earnings per share. J P Morgan Chase & Co’s revenue was up 4.6% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.36%. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 29.59%.

COPYRIGHT VIOLATION WARNING: This article was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/09/25/j-p-morgan-chase-co-sees-unusually-high-options-volume-jpm.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.