Investors Buy J P Morgan Chase & Co (JPM) on Weakness

Traders purchased shares of J P Morgan Chase & Co (NYSE:JPM) on weakness during trading hours on Wednesday. $163.13 million flowed into the stock on the tick-up and $95.16 million flowed out of the stock on the tick-down, for a money net flow of $67.97 million into the stock. Of all equities tracked, J P Morgan Chase & Co had the 13th highest net in-flow for the day. J P Morgan Chase & Co traded down ($0.29) for the day and closed at $98.64

A number of equities analysts have commented on JPM shares. Berenberg Bank set a $65.00 price target on J P Morgan Chase & Co and gave the stock a “sell” rating in a research note on Thursday, August 3rd. Wells Fargo & Company started coverage on J P Morgan Chase & Co in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $110.00 price target on the stock. Bank of America Corporation set a $102.00 price target on J P Morgan Chase & Co and gave the stock a “buy” rating in a research note on Friday, October 13th. Jefferies Group LLC reissued a “buy” rating and set a $102.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $95.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. J P Morgan Chase & Co has a consensus rating of “Hold” and a consensus price target of $92.18.

The stock has a market capitalization of $342,250.00, a price-to-earnings ratio of 14.27, a PEG ratio of 2.15 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. The firm had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 earnings per share. research analysts forecast that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were issued a dividend of $0.56 per share. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, October 5th. J P Morgan Chase & Co’s dividend payout ratio is presently 32.14%.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.88% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Jackson Grant Investment Advisers Inc. increased its position in J P Morgan Chase & Co by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 12 shares during the last quarter. IPG Investment Advisors LLC increased its position in J P Morgan Chase & Co by 0.3% during the second quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $608,000 after acquiring an additional 17 shares during the last quarter. BSW Wealth Partners increased its position in J P Morgan Chase & Co by 0.5% in the first quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock worth $429,000 after buying an additional 26 shares in the last quarter. Sunbelt Securities Inc. increased its position in J P Morgan Chase & Co by 0.5% in the second quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after buying an additional 26 shares in the last quarter. Finally, Financial Advisory Service Inc. increased its position in J P Morgan Chase & Co by 0.7% in the first quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock worth $442,000 after buying an additional 36 shares in the last quarter. Institutional investors own 78.59% of the company’s stock.

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About J P Morgan Chase & Co

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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