JPMorgan Chase & Co. (NYSE:JPM) Director Mellody L. Hobson purchased 20,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, October 18th. The stock was bought at an average cost of $0.94 per share, with a total value of $18,800.00.
Shares of NYSE:JPM traded down $0.46 on Monday, reaching $129.92. The company’s stock had a trading volume of 8,096,890 shares, compared to its average volume of 12,174,789. The stock’s 50-day moving average is $120.77 and its two-hundred day moving average is $114.02. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $131.29. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.97. The stock has a market capitalization of $404.92 billion, a P/E ratio of 14.44, a PEG ratio of 1.81 and a beta of 1.21.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.23. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. The business had revenue of $29.34 billion during the quarter, compared to analysts’ expectations of $28.36 billion. During the same period in the prior year, the company earned $2.34 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. Equities analysts forecast that JPMorgan Chase & Co. will post 10.17 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.77%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, October 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 40.00%.
Several large investors have recently made changes to their positions in JPM. Personal Wealth Partners acquired a new position in shares of JPMorgan Chase & Co. during the second quarter worth about $28,000. MRA Associates USA LLC acquired a new position in shares of JPMorgan Chase & Co. during the second quarter worth about $30,000. Bridger Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth about $33,000. Vista Private Wealth Partners. LLC acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth about $35,000. Finally, Titan Capital Management LLC CA acquired a new position in shares of JPMorgan Chase & Co. during the second quarter worth about $35,000. 71.90% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on JPM. ValuEngine raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Robert W. Baird boosted their price target on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Buckingham Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price target for the company. in a research report on Monday, September 16th. They noted that the move was a valuation call. Goldman Sachs Group reissued a “neutral” rating and issued a $117.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. Finally, Wells Fargo & Co set a $125.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $123.02.
JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
Further Reading: Understanding Market Liquidity
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