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

Investors purchased shares of JPMorgan Chase & Co. (NYSE:JPM) on weakness during trading hours on Friday. $222.87 million flowed into the stock on the tick-up and $149.40 million flowed out of the stock on the tick-down, for a money net flow of $73.47 million into the stock. Of all stocks tracked, JPMorgan Chase & Co. had the 11th highest net in-flow for the day. JPMorgan Chase & Co. traded down ($0.57) for the day and closed at $110.66

JPM has been the topic of a number of recent analyst reports. ValuEngine raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley boosted their price target on shares of JPMorgan Chase & Co. from $128.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Vetr upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 price target on the stock in a research note on Tuesday, February 6th. Keefe, Bruyette & Woods upgraded shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price target on the stock in a research note on Tuesday, February 13th. Finally, Jefferies Group reiterated a “buy” rating and set a $131.00 price target (up from $124.00) on shares of JPMorgan Chase & Co. in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $112.75.

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $386.06 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.86 and a beta of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.09. JPMorgan Chase & Co. had a net margin of 22.53% and a return on equity of 12.60%. The firm had revenue of $27.90 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. analysts forecast that JPMorgan Chase & Co. will post 9.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, July 6th will be paid a dividend of $0.56 per share. The ex-dividend date is Thursday, July 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.02%. JPMorgan Chase & Co.’s payout ratio is 32.61%.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 18,000 shares of the stock in a transaction that occurred on Monday, April 16th. The stock was purchased at an average cost of $111.05 per share, with a total value of $1,998,900.00. Following the completion of the acquisition, the director now directly owns 864 shares of the company’s stock, valued at approximately $95,947.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Todd A. Combs purchased 13,000 shares of the stock in a transaction that occurred on Monday, May 14th. The stock was acquired at an average cost of $114.61 per share, with a total value of $1,489,930.00. Following the completion of the acquisition, the director now directly owns 18,277 shares of the company’s stock, valued at $2,094,726.97. The disclosure for this purchase can be found here. Corporate insiders own 0.73% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GHP Investment Advisors Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 3.5% in the third quarter. GHP Investment Advisors Inc. now owns 52,270 shares of the financial services provider’s stock valued at $4,992,000 after acquiring an additional 1,763 shares during the period. Doliver Capital Advisors LP boosted its holdings in shares of JPMorgan Chase & Co. by 16.5% in the third quarter. Doliver Capital Advisors LP now owns 5,925 shares of the financial services provider’s stock valued at $566,000 after acquiring an additional 840 shares during the period. Pekin Singer Strauss Asset Management IL boosted its holdings in shares of JPMorgan Chase & Co. by 16.4% in the third quarter. Pekin Singer Strauss Asset Management IL now owns 25,583 shares of the financial services provider’s stock valued at $2,443,000 after acquiring an additional 3,600 shares during the period. Pax World Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 27.2% in the third quarter. Pax World Management LLC now owns 187,018 shares of the financial services provider’s stock valued at $17,862,000 after acquiring an additional 40,000 shares during the period. Finally, Community Trust & Investment Co. boosted its holdings in shares of JPMorgan Chase & Co. by 0.6% in the third quarter. Community Trust & Investment Co. now owns 398,597 shares of the financial services provider’s stock valued at $38,070,000 after acquiring an additional 2,356 shares during the period. 72.18% of the stock is owned by hedge funds and other institutional investors.

About JPMorgan Chase & Co.

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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