JPMorgan Chase & Co. Sees Unusually High Options Volume (JPM)
JPMorgan Chase & Co. (NYSE:JPM) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 44,646 put options on the company. This represents an increase of approximately 180% compared to the average volume of 15,943 put options.
JPMorgan Chase & Co. (NYSE:JPM) traded down 0.51% during mid-day trading on Friday, reaching $82.64. 14,998,489 shares of the company traded hands. The firm’s 50-day moving average is $85.91 and its 200 day moving average is $86.27. JPMorgan Chase & Co. has a 52-week low of $57.05 and a 52-week high of $93.98. The stock has a market capitalization of $293.56 billion, a PE ratio of 12.72 and a beta of 1.49.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Thursday, April 13th. The financial services provider reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.13. The firm had revenue of $25.59 billion during the quarter, compared to the consensus estimate of $24.40 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 10.91%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.35 earnings per share. On average, equities research analysts expect that JPMorgan Chase & Co. will post $6.69 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Monday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 31.02%.
In other JPMorgan Chase & Co. news, Director James S. Crown acquired 11,500 shares of the business’s stock in a transaction dated Wednesday, April 19th. The shares were purchased at an average price of $85.48 per share, for a total transaction of $983,020.00. Following the completion of the purchase, the director now directly owns 299,862 shares of the company’s stock, valued at $25,632,203.76. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 10,792 shares of the stock in a transaction on Monday, April 17th. The stock was sold at an average price of $85.07, for a total transaction of $918,075.44. Following the completion of the sale, the general counsel now owns 63,344 shares in the company, valued at approximately $5,388,674.08. The disclosure for this sale can be found here. Insiders sold 20,711 shares of company stock worth $1,775,791 in the last quarter. Company insiders own 0.85% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in JPM. FMR LLC boosted its stake in JPMorgan Chase & Co. by 19.4% in the fourth quarter. FMR LLC now owns 96,587,143 shares of the financial services provider’s stock worth $8,334,505,000 after buying an additional 15,715,835 shares during the last quarter. Shepherd Financial Partners LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $3,128,000. Guggenheim Capital LLC boosted its stake in JPMorgan 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 last quarter. Michael & Susan Dell Foundation bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $42,343,000. Finally, Green Square Capital LLC boosted its stake in JPMorgan Chase & Co. by 1.6% in the third quarter. Green Square Capital LLC now owns 64,353 shares of the financial services provider’s stock worth $4,285,000 after buying an additional 1,000 shares during the last quarter. 73.65% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently commented on the stock. Vetr upgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “strong-buy” rating and set a $97.82 price target on the stock in a research report on Wednesday, April 12th. Credit Suisse Group AG raised their price target on shares of JPMorgan Chase & Co. to $99.00 and gave the company a “buy” rating in a research report on Wednesday, March 15th. BMO Capital Markets restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 1st. Rafferty Capital Markets restated a “buy” rating and set a $97.00 price target (up previously from $96.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, March 21st. Finally, Barclays PLC restated an “overweight” rating and set a $100.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, March 20th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-one have given a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Buy” and a consensus target price of $80.43.
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JPMorgan Chase & Co. Company Profile
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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