JPMorgan Chase & Co. Target of Unusually High Options Trading (JPM)

JPMorgan Chase & Co. (NYSE:JPM) was the target of unusually large options trading activity on Wednesday. Investors bought 335,137 call options on the stock. This represents an increase of approximately 1,044% compared to the average daily volume of 29,297 call options.

Several brokerages recently commented on JPM. Credit Suisse Group upgraded shares of JPMorgan Chase & Co. to a “buy” rating and set a $120.00 target price for the company in a report on Friday. Deutsche Bank cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and increased their target price for the stock from $90.00 to $96.00 in a report on Tuesday, September 26th. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, October 6th. Wells Fargo & Co set a $120.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Wednesday, December 20th. Finally, Robert W. Baird increased their price target on shares of JPMorgan Chase & Co. from $88.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $93.63.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now owns 15,279 shares in the company, valued at $1,557,846.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.88% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new position in JPMorgan Chase & Co. during the third quarter worth about $102,000. Welch Investments LLC bought a new position in JPMorgan Chase & Co. during the third quarter worth about $103,000. Legacy Advisors LLC bought a new position in JPMorgan Chase & Co. during the third quarter worth about $106,000. Atlantic Trust LLC bought a new position in JPMorgan Chase & Co. during the second quarter worth about $136,000. Finally, Lipe & Dalton bought a new position in JPMorgan Chase & Co. during the third quarter worth about $143,000. 73.75% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. (JPM) opened at $108.34 on Friday. The firm has a market cap of $375,910.00, a PE ratio of 15.54, a PEG ratio of 2.04 and a beta of 1.22. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $110.03. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. JPMorgan Chase & Co. had a net margin of 24.08% and a return on equity of 11.68%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 earnings per share. sell-side analysts predict that JPMorgan Chase & Co. will post 6.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is presently 32.14%.

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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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