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

Traders bought shares of J P Morgan Chase & Co (NYSE:JPM) on weakness during trading on Thursday. $298.41 million flowed into the stock on the tick-up and $173.45 million flowed out of the stock on the tick-down, for a money net flow of $124.96 million into the stock. Of all equities tracked, J P Morgan Chase & Co had the 2nd highest net in-flow for the day. J P Morgan Chase & Co traded down ($1.34) for the day and closed at $92.19

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $92.00 price objective on shares of J P Morgan Chase & Co in a research note on Wednesday, June 7th. Vetr cut J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price objective for the company. in a research note on Monday, May 15th. UBS AG restated a “buy” rating and issued a $101.00 price objective on shares of J P Morgan Chase & Co in a research note on Monday, May 15th. Guggenheim upgraded J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $88.25 to $96.00 in a research note on Tuesday, April 25th. Finally, Vining Sparks upgraded J P Morgan Chase & Co to an “outperform” rating and set a $95.00 price objective for the company in a research note on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $85.53.

The stock has a 50 day moving average price of $91.87 and a 200 day moving average price of $88.50. The stock has a market cap of $321.66 billion, a PE ratio of 13.49 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The firm had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. During the same period last year, the business posted $1.55 EPS. J P Morgan Chase & Co’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities research analysts predict that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 6th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.19%. The ex-dividend date was Monday, July 3rd. J P Morgan Chase & Co’s payout ratio is currently 29.59%.

In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the sale, the insider now owns 3,783 shares in the company, valued at approximately $345,350.07. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Marianne Lake sold 17,596 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $91.58, for a total value of $1,611,441.68. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Shepherd Financial Partners LLC bought a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $3,128,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of J P Morgan Chase & Co during the first quarter worth approximately $1,367,000. Michael & Susan Dell Foundation bought a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $42,343,000. Guggenheim Capital LLC boosted its stake in shares of J P Morgan Chase & Co by 5.9% in the fourth quarter. Guggenheim Capital LLC now owns 1,234,560 shares of the financial services provider’s stock worth $106,530,000 after buying an additional 68,720 shares during the period. Finally, Israel Discount Bank of New York GFN bought a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $1,857,000. Hedge funds and other institutional investors own 74.06% 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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