JPMorgan Chase & Co. (NYSE:JPM) Sees Strong Trading Volume

Shares of JPMorgan Chase & Co. (NYSE:JPM) saw strong trading volume on Friday . 403,878 shares were traded during trading, a decline of 97% from the previous session’s volume of 11,865,099 shares.The stock last traded at $159.60 and had previously closed at $168.23.

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, October 25th. Credit Suisse Group set a $177.00 price target on shares of JPMorgan Chase & Co. in a research report on Thursday, October 14th. Jefferies Financial Group lifted their price objective on shares of JPMorgan Chase & Co. from $177.00 to $198.00 and gave the company a “buy” rating in a research note on Monday, October 11th. Societe Generale cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, January 5th. Finally, Morgan Stanley boosted their price objective on shares of JPMorgan Chase & Co. from $166.00 to $184.00 and gave the stock an “underweight” rating in a research note on Monday, December 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $176.42.

The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.17. The company has a market cap of $465.22 billion, a P/E ratio of 10.00, a PEG ratio of 2.82 and a beta of 1.13. The business has a fifty day moving average price of $162.40 and a 200-day moving average price of $160.73.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.00 by $0.74. JPMorgan Chase & Co. had a net margin of 39.41% and a return on equity of 19.89%. The business had revenue of $29.60 billion for the quarter, compared to analysts’ expectations of $29.63 billion. During the same quarter last year, the firm earned $2.92 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, research analysts expect that JPMorgan Chase & Co. will post 15.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 31st. Stockholders of record on Thursday, January 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Wednesday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.30%.

Several hedge funds and other institutional investors have recently modified their holdings of JPM. Prime Capital Investment Advisors LLC increased its holdings in JPMorgan Chase & Co. by 24.4% during the second quarter. Prime Capital Investment Advisors LLC now owns 58,153 shares of the financial services provider’s stock valued at $9,045,000 after buying an additional 11,392 shares during the last quarter. Black Swift Group LLC purchased a new position in JPMorgan Chase & Co. during the 3rd quarter valued at about $7,136,000. Burns J W & Co. Inc. NY grew its position in shares of JPMorgan Chase & Co. by 2.7% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 81,409 shares of the financial services provider’s stock worth $13,326,000 after buying an additional 2,159 shares during the last quarter. Unified Trust Company N.A. lifted its stake in JPMorgan Chase & Co. by 6.4% during the 2nd quarter. Unified Trust Company N.A. now owns 45,069 shares of the financial services provider’s stock valued at $7,010,000 after acquiring an additional 2,711 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its stake in shares of JPMorgan Chase & Co. by 6.2% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 12,801 shares of the financial services provider’s stock valued at $2,095,000 after purchasing an additional 747 shares during the period. Hedge funds and other institutional investors own 69.32% of the company’s stock.

About JPMorgan Chase & Co. (NYSE:JPM)

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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