Investors purchased shares of JPMorgan Chase & Co. (NYSE:JPM) on weakness during trading on Friday. $710.90 million flowed into the stock on the tick-up and $403.10 million flowed out of the stock on the tick-down, for a money net flow of $307.80 million into the stock. Of all companies tracked, JPMorgan Chase & Co. had the 4th highest net in-flow for the day. JPMorgan Chase & Co. traded down ($2.94) for the day and closed at $107.01
Several research analysts have issued reports on JPM shares. Royal Bank of Canada restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Wells Fargo set a $120.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Buckingham Research raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Barclays raised their price objective on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Credit Suisse Group raised shares of JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday, January 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. JPMorgan Chase & Co. presently has an average rating of “Buy” and a consensus target price of $112.14.
The company has a market capitalization of $393,782.97, a P/E ratio of 16.99, a PEG ratio of 1.93 and a beta of 1.18. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.01 and a current ratio of 1.01.
JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. The company had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.71 EPS. analysts anticipate that JPMorgan Chase & Co. will post 8.9 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.56%.
In other JPMorgan Chase & Co. news, EVP Peter Scher sold 17,057 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.20, for a total transaction of $1,913,795.40. Following the completion of the sale, the executive vice president now owns 15,310 shares of the company’s stock, valued at approximately $1,717,782. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stacey Friedman sold 17,729 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the completion of the sale, the general counsel now directly owns 21,260 shares of the company’s stock, valued at approximately $2,388,135.80. The disclosure for this sale can be found here. Insiders have sold a total of 152,047 shares of company stock valued at $17,098,115 in the last three months. Company insiders own 0.88% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in JPM. Beach Investment Management LLC. lifted its stake in shares of JPMorgan Chase & Co. by 1,117.4% in the 2nd quarter. Beach Investment Management LLC. now owns 559,171 shares of the financial services provider’s stock valued at $51,108,000 after purchasing an additional 513,241 shares during the last quarter. IMS Capital Management raised its holdings in JPMorgan Chase & Co. by 68.0% in the 2nd quarter. IMS Capital Management now owns 5,209 shares of the financial services provider’s stock worth $476,000 after acquiring an additional 2,109 shares during the period. Bar Harbor Trust Services bought a new position in JPMorgan Chase & Co. in the 2nd quarter worth $204,000. Legal & General Group Plc raised its holdings in JPMorgan Chase & Co. by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock worth $1,624,143,000 after acquiring an additional 369,878 shares during the period. Finally, Community Bank N.A. raised its holdings in JPMorgan Chase & Co. by 0.3% in the 2nd quarter. Community Bank N.A. now owns 57,680 shares of the financial services provider’s stock worth $5,272,000 after acquiring an additional 158 shares during the period. 74.47% of the stock is owned by institutional investors and hedge funds.
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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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