Investors Buy High Volume of JPMorgan Chase & Co. Put Options (JPM)
JPMorgan Chase & Co. (NYSE:JPM) saw unusually large options trading on Monday. Traders acquired 34,038 put options on the stock, American Banking & Market News reports. This is an increase of 137% compared to the average daily volume of 14,377 put options.
A number of analysts have recently weighed in on JPM shares. Analysts at Societe Generale initiated coverage on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research note to investors on Thursday. They set a “hold” rating and a $56.00 price target on the stock. Separately, analysts at S&P Equity Research upgraded shares of JPMorgan Chase & Co. (NYSE:JPM) to a “strong-buy” rating in a research note to investors on Thursday. Finally, 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.
One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $58.69.
JPMorgan Chase & Co. (NYSE:JPM) traded down 2.54% during mid-day trading on Monday, hitting $51.46. 28,189,452 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’s 50-day moving average is $52.81 and its 200-day moving average is $51.94. The company has a market cap of $193.9 billion and a P/E ratio of 8.83.
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 $5.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Wednesday, October 2nd.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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