Investors Buy Shares of JPMorgan Chase & Co. (JPM) on Weakness Following Insider Selling

Traders purchased shares of JPMorgan Chase & Co. (NYSE:JPM) on weakness during trading on Friday following insider selling activity. $416.07 million flowed into the stock on the tick-up and $280.25 million flowed out of the stock on the tick-down, for a money net flow of $135.82 million into the stock. Of all equities tracked, JPMorgan Chase & Co. had the 8th highest net in-flow for the day. JPMorgan Chase & Co. traded down ($0.25) for the day and closed at $113.01Specifically, insider Peter Scher sold 26,532 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mary E. Erdoes sold 65,101 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the completion of the transaction, the chief executive officer now directly owns 479,882 shares of the company’s stock, valued at approximately $53,866,754.50. The disclosure for this sale can be found here. Insiders sold 154,146 shares of company stock valued at $17,312,129 in the last three months. 0.88% of the stock is currently owned by insiders.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Thursday. Argus boosted their price objective on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Vining Sparks reissued a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, January 12th. Bank of America set a $119.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Monday. Finally, Deutsche Bank set a $96.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $105.81.

The stock has a market capitalization of $392,110.00, a PE ratio of 17.71, a PEG ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.07. The business had revenue of $24.15 billion for 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.71 earnings per share. sell-side analysts forecast that JPMorgan Chase & Co. will post 8.65 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 issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.11%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at $102,000. Welch Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at $103,000. Legacy Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at $106,000. Atlantic Trust LLC purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at $136,000. Finally, Lipe & Dalton purchased a new stake in JPMorgan Chase & Co. in the third quarter valued at $143,000. 73.78% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Investors Buy Shares of JPMorgan Chase & Co. (JPM) on Weakness Following Insider Selling” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/01/20/investors-buy-shares-of-jpmorgan-chase-co-jpm-on-weakness-following-insider-selling.html.

JPMorgan 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 JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply