Investors Purchase High Volume of JPMorgan Chase & Co. Put Options (JPM)
JPMorgan Chase & Co. (NYSE:JPM) was the target of some unusual options trading activity on Friday. Traders purchased 30,604 put options on the stock, Stock Ratings Network.com reports. This represents an increase of 133% compared to the average daily volume of 13,117 put options.
Several analysts have recently commented on the stock. 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 issued a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and an average target price of $58.69.
JPMorgan Chase & Co. (NYSE:JPM) traded down 2.23% during mid-day trading on Monday, hitting $51.62. The stock had a trading volume of 5,248,451 shares. JPMorgan Chase & Co. has a one year low of $38.83 and a one year high of $56.93. The stock’s 50-day moving average is $52.96 and its 200-day moving average is $51.90. The company has a market cap of $194.5 billion and a price-to-earnings ratio of 8.83.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 12th. The company reported $1.60 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.21 earnings per share. The company’s quarterly revenue 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. Investors 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 2.88%. The ex-dividend date of this dividend is Wednesday, October 2nd.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.