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

Traders bought shares of JPMorgan Chase & Co. (NYSE:JPM) on weakness during trading hours on Thursday. $665.52 million flowed into the stock on the tick-up and $527.21 million flowed out of the stock on the tick-down, for a money net flow of $138.31 million into the stock. Of all stocks tracked, JPMorgan Chase & Co. had the 10th highest net in-flow for the day. JPMorgan Chase & Co. traded down ($2.04) for the day and closed at $105.19

JPM has been the subject of a number of analyst reports. Bank of America lifted their price target on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a research note on Friday, September 14th. Vining Sparks reiterated a “buy” rating and set a $125.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, October 12th. Finally, Wells Fargo & Co set a $130.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Thursday, November 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. presently has an average rating of “Buy” and a consensus target price of $123.74.

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $368.01 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.74 and a beta of 1.10.



JPMorgan Chase & Co. (NYSE:JPM) last posted its 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. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The firm had revenue of $27.26 billion for the quarter, compared to analysts’ expectations of $27.20 billion. During the same quarter last year, the firm earned $1.76 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 9.26 earnings per share for the current year.

In other news, Director Mellody L. Hobson bought 1,150 shares of the company’s stock in a transaction on Friday, October 19th. The shares were purchased at an average price of $108.94 per share, with a total value of $125,281.00. Following the transaction, the director now directly owns 2,632 shares in the company, valued at $286,730.08. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.73% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. Arlington Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 126.6% in the 3rd quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 500 shares during the period. Investment Partners LTD. raised its holdings in shares of 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 worth $113,000 after purchasing an additional 2,436 shares during the period. Quad Cities Investment Group LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth approximately $124,000. O Brien Wealth Partners LLC raised its holdings in shares of 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 worth $125,000 after purchasing an additional 1,020 shares during the period. Finally, Ballew Advisors Inc raised its holdings in shares of 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 worth $126,000 after purchasing an additional 619 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://dakotafinancialnews.com/2018/12/07/traders-buy-jpmorgan-chase-co-jpm-on-weakness.html.

JPMorgan Chase & Co. Company Profile (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.

Featured Article: Short Selling – Explanation For Shorting Stocks

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply