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.
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.
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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.
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