Traders Buy JPMorgan Chase (JPM) on Weakness

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.

How to Become a New Pot Stock Millionaire

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.

COPYRIGHT VIOLATION NOTICE: “Traders Buy JPMorgan Chase (JPM) on Weakness” was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.thelincolnianonline.com/2018/04/22/traders-buy-jpmorgan-chase-jpm-on-weakness.html.

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.

Receive News & Ratings for JPMorgan Chase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply