Traders Buy Shares of JPMorgan Chase & Co. (JPM) on Weakness
Investors purchased shares of JPMorgan Chase & Co. (NYSE:JPM) on weakness during trading on Tuesday. $603.58 million flowed into the stock on the tick-up and $493.30 million flowed out of the stock on the tick-down, for a money net flow of $110.28 million into the stock. Of all companies tracked, JPMorgan Chase & Co. had the 11th highest net in-flow for the day. JPMorgan Chase & Co. traded down ($0.40) for the day and closed at $112.27
A number of equities analysts have weighed in on the company. UBS Group boosted their target price on JPMorgan Chase & Co. from $119.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday. Credit Suisse Group reissued an “outperform” rating and issued a $125.00 target price (up previously from $120.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday. Bank of America set a $119.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Monday. Deutsche Bank set a $96.00 target price on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Vining Sparks reissued a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $104.44.
The stock has a market capitalization of $389,550.00, a P/E ratio of 17.60, a PEG ratio of 2.05 and a beta of 1.22. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 EPS. equities analysts predict that JPMorgan Chase & Co. will post 8.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be paid a dividend of $0.56 per share. The ex-dividend date is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.00%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.88% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Private Vista LLC bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $102,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $102,000. Welch Investments LLC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $103,000. Legacy Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $106,000. Finally, Atlantic Trust LLC bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $136,000. Institutional investors and hedge funds own 73.78% of the company’s stock.
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About JPMorgan Chase & Co.
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.
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