Investors Buy Shares of JPMorgan Chase (JPM) on Weakness

Investors purchased shares of JPMorgan Chase (NYSE:JPM) on weakness during trading hours on Friday. $525.18 million flowed into the stock on the tick-up and $368.49 million flowed out of the stock on the tick-down, for a money net flow of $156.69 million into the stock. Of all companies tracked, JPMorgan Chase had the 9th highest net in-flow for the day. JPMorgan Chase traded down ($2.79) for the day and closed at $109.09

Several equities research analysts have recently issued reports on JPM shares. Wells Fargo set a $120.00 price objective on shares of JPMorgan Chase and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Buckingham Research upgraded shares of JPMorgan Chase 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 from $105.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Credit Suisse Group upgraded shares of JPMorgan Chase to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, January 5th. Finally, Societe Generale downgraded shares of JPMorgan Chase from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $112.58.

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The firm has a market cap of $383,967.56, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.01.

JPMorgan Chase (NYSE:JPM) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase had a return on equity of 11.63% and a net margin of 21.46%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the business earned $1.71 earnings per share. equities analysts anticipate that JPMorgan Chase will post 8.89 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.05%. JPMorgan Chase’s payout ratio is presently 32.61%.

In related news, CEO Mary E. Erdoes sold 65,101 shares of JPMorgan Chase stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total value 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 $53,866,754.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stacey Friedman sold 17,729 shares of JPMorgan Chase stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total value of $1,991,498.57. Following the completion of the transaction, the general counsel now directly owns 21,260 shares of the company’s stock, valued at $2,388,135.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,047 shares of company stock valued at $17,098,115. Company insiders own 0.88% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC bought a new stake in JPMorgan Chase during the 3rd quarter worth about $102,000. Welch Investments LLC bought a new stake in JPMorgan Chase during the 3rd quarter worth about $103,000. Financial Gravity Companies Inc. bought a new stake in JPMorgan Chase during the 4th quarter worth about $104,000. Legacy Advisors LLC bought a new stake in JPMorgan Chase during the 3rd quarter worth about $106,000. Finally, Keeler Thomas Management LLC bought a new stake in JPMorgan Chase during the 4th quarter worth about $112,000. 74.50% of the stock is owned by institutional investors and hedge funds.

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About JPMorgan Chase

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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