JPMorgan Chase & Co. (JPM) Short Interest Up 14.6% in November

JPMorgan Chase & Co. (NYSE:JPM) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 26,677,521 shares, an increase of 14.6% from the November 15th total of 23,271,624 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 12,762,140 shares, the short-interest ratio is presently 2.1 days.

JPMorgan Chase & Co. (NYSE:JPM) traded up $1.83 on Friday, hitting $112.67. The stock had a trading volume of 18,879,980 shares, compared to its average volume of 14,580,000. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $112.85. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $390,930.00, a PE ratio of 16.16, a price-to-earnings-growth ratio of 2.01 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The company had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the prior year, the business earned $1.71 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% compared to the same quarter last year. equities research analysts anticipate that JPMorgan Chase & Co. will post 6.9 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be given a $0.56 dividend. The ex-dividend date is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 1.99%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.14%.

A number of equities research analysts have weighed in on JPM shares. Bank of America set a $102.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, October 13th. Jefferies Group reissued a “buy” rating and issued a $102.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, September 15th. Credit Suisse Group reaffirmed a “buy” rating and set a $110.00 price objective (up from $103.00) on shares of JPMorgan Chase & Co. in a research note on Monday, October 9th. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “buy” rating and set a $105.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, November 15th. Finally, Wells Fargo & Co set a $120.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $102.52.

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

Hedge funds have recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC acquired a new position in JPMorgan Chase & Co. during the third quarter worth $102,000. Welch Investments LLC acquired a new position in JPMorgan Chase & Co. during the third quarter worth $103,000. Legacy Advisors LLC acquired a new position in JPMorgan Chase & Co. during the third quarter worth $106,000. Atlantic Trust LLC acquired a new position in JPMorgan Chase & Co. during the second quarter worth $136,000. Finally, Lipe & Dalton acquired a new position in JPMorgan Chase & Co. during the third quarter worth $143,000. 73.76% of the stock is owned by hedge funds and other institutional investors.

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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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