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.
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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.
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