Traders Buy JPMorgan Chase & Co. (JPM) on Weakness

Investors bought shares of JPMorgan Chase & Co. (NYSE:JPM) on weakness during trading on Wednesday. $315.81 million flowed into the stock on the tick-up and $194.67 million flowed out of the stock on the tick-down, for a money net flow of $121.14 million into the stock. Of all companies tracked, JPMorgan Chase & Co. had the 3rd highest net in-flow for the day. JPMorgan Chase & Co. traded down ($0.52) for the day and closed at $112.49

JPM has been the subject of several recent research reports. ValuEngine raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $128.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Vetr raised JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 price objective for the company in a research report on Tuesday, February 6th. Keefe, Bruyette & Woods raised JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price objective for the company in a research report on Tuesday, February 13th. Finally, Jefferies Group reissued a “buy” rating and set a $131.00 price objective (up previously from $124.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the stock. JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus price target of $112.75.

The firm has a market capitalization of $384.89 billion, a P/E ratio of 16.37, a PEG ratio of 1.86 and a beta of 1.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, topping the consensus estimate of $2.28 by $0.09. JPMorgan Chase & Co. had a return on equity of 12.60% and a net margin of 22.53%. The company had revenue of $27.90 billion during the quarter, compared to the consensus estimate of $27.73 billion. During the same period last year, the company earned $1.65 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 12.0% on a year-over-year basis. equities analysts expect that JPMorgan Chase & Co. will post 9.05 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, July 6th will be issued a $0.56 dividend. The ex-dividend date is Thursday, July 5th. This represents a $2.24 annualized dividend and a yield of 1.99%. JPMorgan Chase & Co.’s payout ratio is 32.61%.

In other JPMorgan Chase & Co. news, Director Todd A. Combs acquired 13,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 14th. The stock was bought at an average cost of $114.61 per share, for a total transaction of $1,489,930.00. Following the acquisition, the director now owns 18,277 shares of the company’s stock, valued at $2,094,726.97. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mellody L. Hobson acquired 18,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 16th. The stock was acquired at an average price of $111.05 per share, with a total value of $1,998,900.00. Following the completion of the acquisition, the director now directly owns 864 shares in the company, valued at approximately $95,947.20. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Keeler Thomas Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $112,000. Welch Investments LLC bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $103,000. Cerebellum GP LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $119,000. Price Wealth Management Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $124,000. Finally, Financial Gravity Wealth Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $150,000. Institutional investors and hedge funds own 72.18% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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