Traders Buy JPMorgan Chase & Co. (JPM) on Weakness

Investors bought shares of JPMorgan Chase & Co. (NYSE:JPM) on weakness during trading hours on Thursday. $469.78 million flowed into the stock on the tick-up and $374.04 million flowed out of the stock on the tick-down, for a money net flow of $95.74 million into the stock. Of all companies tracked, JPMorgan Chase & Co. had the 3rd highest net in-flow for the day. JPMorgan Chase & Co. traded down ($1.65) for the day and closed at $102.87

Several analysts have commented on JPM shares. Atlantic Securities lowered shares of JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report on Wednesday, December 19th. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 2nd. BMO Capital Markets lowered their price objective on shares of JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 16th. Morgan Stanley lowered their price objective on shares of JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 8th. Finally, Jefferies Financial Group lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 price objective on the stock. in a research report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $122.87.

The company has a market capitalization of $358.71 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.65 and a beta of 1.12. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.00 and a current ratio of 1.00.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.22). The business had revenue of $26.10 billion during the quarter, compared to analysts’ expectations of $26.69 billion. JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.76 EPS. As a group, analysts expect that JPMorgan Chase & Co. will post 9.73 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a $0.80 dividend. The ex-dividend date is Thursday, April 4th. This represents a $3.20 annualized dividend and a dividend yield of 3.11%. JPMorgan Chase & Co.’s payout ratio is 35.56%.

In other news, General Counsel Stacey Friedman sold 3,022 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $105.00, for a total value of $317,310.00. Following the completion of the transaction, the general counsel now owns 12,519 shares in the company, valued at $1,314,495. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James S. Crown bought 5,000 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, February 5th. The stock was acquired at an average price of $103.79 per share, with a total value of $518,950.00. Following the purchase, the director now directly owns 311,447 shares of the company’s stock, valued at $32,325,084.13. The disclosure for this purchase can be found here. Insiders sold 39,191 shares of company stock valued at $4,102,110 in the last quarter. Corporate insiders own 0.73% of the company’s stock.

A number of large investors have recently modified their holdings of JPM. Financial Gravity Companies Inc. purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $36,000. Acima Private Wealth LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $38,000. Smart Portfolios LLC grew its stake in JPMorgan Chase & Co. by 29.6% in the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after buying an additional 114 shares in the last quarter. Contravisory Investment Management Inc. grew its stake in JPMorgan Chase & Co. by 188.3% in the 4th quarter. Contravisory Investment Management Inc. now owns 542 shares of the financial services provider’s stock worth $53,000 after buying an additional 354 shares in the last quarter. Finally, Semmax Financial Advisors Inc. purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $56,000. 68.96% of the stock is owned by institutional investors.

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JPMorgan Chase & Co. Company Profile (NYSE:JPM)

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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