Investors purchased shares of JPMorgan Chase (NYSE:JPM) on weakness during trading hours on Friday. $357.00 million flowed into the stock on the tick-up and $260.81 million flowed out of the stock on the tick-down, for a money net flow of $96.19 million into the stock. Of all companies tracked, JPMorgan Chase had the 6th highest net in-flow for the day. JPMorgan Chase traded down ($0.25) for the day and closed at $111.47
JPM has been the topic of several recent analyst reports. Morgan Stanley upped their target price on shares of JPMorgan Chase from $128.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Wells Fargo set a $130.00 target price on shares of JPMorgan Chase and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Barclays upped their target price on shares of JPMorgan Chase from $105.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of JPMorgan Chase from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a research report on Monday, March 19th. Finally, Societe Generale lowered shares of JPMorgan Chase from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have issued a buy rating to the stock. JPMorgan Chase currently has a consensus rating of “Hold” and an average price target of $112.10.
The stock has a market cap of $382,560.47, a P/E ratio of 14.46, a P/E/G ratio of 1.88 and a beta of 1.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19.
JPMorgan Chase (NYSE:JPM) last announced its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.09. The business had revenue of $27.90 billion for the quarter, compared to the consensus estimate of $27.73 billion. JPMorgan Chase had a net margin of 22.53% and a return on equity of 12.60%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 earnings per share. research analysts expect that JPMorgan Chase will post 8.9 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 6th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, April 5th. JPMorgan Chase’s payout ratio is 32.61%.
In other news, Director Mellody L. Hobson acquired 18,000 shares of JPMorgan Chase stock in a transaction that occurred on Monday, April 16th. The shares were acquired at an average price of $111.05 per share, with a total value of $1,998,900.00. Following the completion of the purchase, the director now owns 864 shares of the company’s stock, valued at approximately $95,947.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.73% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in JPM. Financial Gravity Companies Inc. purchased a new position in JPMorgan Chase during the fourth quarter worth approximately $104,000. Keeler Thomas Management LLC purchased a new position in JPMorgan Chase during the fourth quarter worth approximately $112,000. Kohmann Bosshard Financial Services LLC purchased a new position in JPMorgan Chase during the third quarter worth approximately $102,000. Welch Investments LLC purchased a new position in JPMorgan Chase during the third quarter worth approximately $103,000. Finally, Cerebellum GP LLC purchased a new position in JPMorgan Chase during the fourth quarter worth approximately $119,000. 74.49% of the stock is currently 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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