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

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Traders bought shares of JPMorgan Chase & Co. (NYSE:JPM) on weakness during trading hours on Tuesday. $455.98 million flowed into the stock on the tick-up and $324.41 million flowed out of the stock on the tick-down, for a money net flow of $131.57 million into the stock. Of all stocks tracked, JPMorgan Chase & Co. had the 8th highest net in-flow for the day. JPMorgan Chase & Co. traded down ($0.47) for the day and closed at $98.54

A number of brokerages recently weighed in on JPM. Goldman Sachs Group set a $130.00 price objective on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Friday, October 12th. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research note on Thursday, November 22nd. Bank of America set a $132.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Sunday, October 14th. Vining Sparks reissued a “buy” rating and issued a $125.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, October 12th. Finally, Credit Suisse Group cut their price objective on JPMorgan Chase & Co. from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Friday, December 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $123.04.

The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $339.80 billion, a P/E ratio of 14.51, a P/E/G ratio of 1.60 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.10. The company had revenue of $27.26 billion for the quarter, compared to the consensus estimate of $27.20 billion. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. During the same period in the previous year, the business posted $1.76 EPS. On average, equities analysts predict that JPMorgan Chase & Co. will post 9.25 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Friday, January 4th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio is currently 46.58%.

In other news, Director Mellody L. Hobson acquired 1,150 shares of the stock in a transaction dated Friday, October 19th. The shares were acquired at an average cost of $108.94 per share, for a total transaction of $125,281.00. Following the completion of the transaction, the director now owns 2,632 shares in the company, valued at approximately $286,730.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.73% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JPM. Arlington Partners LLC boosted its stake in JPMorgan Chase & Co. by 126.6% in the 3rd quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock valued at $101,000 after buying an additional 500 shares in the last quarter. Investment Partners LTD. boosted its stake in JPMorgan Chase & Co. by 12.5% in the 3rd quarter. Investment Partners LTD. now owns 21,950 shares of the financial services provider’s stock valued at $113,000 after buying an additional 2,436 shares in the last quarter. Quad Cities Investment Group LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at $124,000. O Brien Wealth Partners LLC boosted its stake in JPMorgan Chase & Co. by 1,120.9% in the 3rd quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock valued at $125,000 after buying an additional 1,020 shares in the last quarter. Finally, Ballew Advisors Inc boosted its stake in JPMorgan Chase & Co. by 104.2% in the 2nd quarter. Ballew Advisors Inc now owns 1,213 shares of the financial services provider’s stock valued at $126,000 after buying an additional 619 shares in the last quarter. Institutional investors and hedge funds own 70.14% of the company’s stock.

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About JPMorgan Chase & Co. (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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