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

Traders bought shares of JPMorgan Chase & Co. (NYSE:JPM) on weakness during trading 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

Several research analysts have issued reports on the company. Vetr raised JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 price objective on the stock in a report on Tuesday, February 6th. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. BMO Capital Markets reaffirmed a “hold” rating and set a $110.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, April 13th. Keefe, Bruyette & Woods raised 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, Morgan Stanley cut their price target on JPMorgan Chase & Co. from $138.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, April 30th. 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. The stock has an average rating of “Hold” and an average price target of $112.75.

The company has a market capitalization of $379.78 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, topping the Thomson Reuters’ 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 & Co. had a return on equity of 12.60% and a net margin of 22.53%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 EPS. equities research analysts predict that JPMorgan Chase & Co. will post 9.05 earnings per share for the current year.

The firm also recently disclosed 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. This represents a $2.24 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, July 5th. JPMorgan Chase & Co.’s payout ratio is presently 32.61%.

In other news, Director Mellody L. Hobson bought 18,000 shares of the stock in a transaction on Monday, April 16th. The stock was purchased at an average price of $111.05 per share, for a total transaction of $1,998,900.00. Following the acquisition, the director now owns 864 shares in the company, valued at $95,947.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Todd A. Combs bought 13,000 shares of the stock in a transaction on Monday, May 14th. The shares were purchased at an average price of $114.61 per share, with a total value of $1,489,930.00. Following the acquisition, the director now owns 18,277 shares in the company, valued at approximately $2,094,726.97. The disclosure for this purchase can be found here. Company insiders own 0.73% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Welch Investments LLC bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $103,000. Keeler Thomas Management LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $112,000. Cerebellum GP LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $119,000. Price Wealth Management Inc. bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $124,000. Finally, Lipe & Dalton bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $143,000. Hedge funds and other institutional investors own 72.18% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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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