Stock Traders Buy High Volume of Put Options on JPMorgan Chase & Co. (JPM)
JPMorgan Chase & Co. (NYSE:JPM) was the recipient of unusually large options trading on Thursday. Traders purchased 39,701 put options on the company, StockRatingsNetwork.com reports. This represents an increase of 143% compared to the typical volume of 16,341 put options.
A number of analysts have recently weighed in on JPM shares. Analysts at TheStreet reiterated a “buy” rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research note to investors on Tuesday, September 3rd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research note to investors on Thursday, August 29th. They now have a $52.50 price target on the stock. Finally, analysts at Rafferty Capital Markets downgraded shares of JPMorgan Chase & Co. (NYSE:JPM) to a “hold” rating in a research note to investors on Monday, August 26th.
One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $58.57.
JPMorgan Chase & Co. (NYSE:JPM) traded down 1.92% on Thursday, hitting $52.24. 21,981,126 shares of the company’s stock traded hands. JPMorgan Chase & Co. has a 52-week low of $38.83 and a 52-week high of $56.93. The stock has a 50-day moving average of $53.60 and a 200-day moving average of $51.71. The company has a market cap of $196.9 billion and a P/E ratio of 8.90.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings data on Friday, July 12th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.22. The company had revenue of $25.20 billion for the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post $5.89 EPS for the current fiscal year.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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