Investors Buy Large Volume of J P Morgan Chase & Co Put Options (JPM)

J P Morgan Chase & Co (NYSE:JPM) saw unusually large options trading activity on Wednesday. Stock investors bought 9,414 put options on the company. This represents an increase of approximately 290% compared to the average volume of 2,411 put options.

J P Morgan Chase & Co (JPM) traded down 0.45% on Friday, reaching $86.18. 16,936,572 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $85.69 and its 200 day moving average price is $86.73. The company has a market cap of $306.14 billion, a PE ratio of 13.27 and a beta of 1.22. J P Morgan Chase & Co has a 52-week low of $57.05 and a 52-week high of $93.98.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings results on Thursday, April 13th. The financial services provider reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.13. The firm had revenue of $25.59 billion for the quarter, compared to the consensus estimate of $24.40 billion. J P Morgan Chase & Co had a net margin of 23.82% and a return on equity of 11.25%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.35 EPS. On average, analysts expect that J P Morgan Chase & Co will post $6.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, July 3rd. J P Morgan Chase & Co’s payout ratio is presently 30.82%.

In other news, COO Matthew E. Zames sold 3,405 shares of J P Morgan Chase & Co stock in a transaction on Monday, April 17th. The shares were sold at an average price of $85.06, for a total transaction of $289,629.30. Following the transaction, the chief operating officer now owns 329,019 shares in the company, valued at $27,986,356.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ashley Bacon sold 6,514 shares of J P Morgan Chase & Co stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $87.21, for a total transaction of $568,085.94. Following the transaction, the insider now owns 47,384 shares in the company, valued at approximately $4,132,358.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,711 shares of company stock worth $1,775,791. 0.85% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. increased its stake in shares of J P Morgan Chase & Co by 0.5% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 2,566 shares of the financial services provider’s stock worth $221,000 after buying an additional 14 shares during the last quarter. Hayek Kallen Investment Management increased its stake in shares of J P Morgan Chase & Co by 0.4% in the first quarter. Hayek Kallen Investment Management now owns 3,420 shares of the financial services provider’s stock worth $300,000 after buying an additional 15 shares during the last quarter. Paradigm Financial Advisors LLC increased its stake in shares of J P Morgan Chase & Co by 0.3% in the first quarter. Paradigm Financial Advisors LLC now owns 6,805 shares of the financial services provider’s stock worth $597,000 after buying an additional 21 shares during the last quarter. Asset Management Group Inc. increased its stake in shares of J P Morgan Chase & Co by 0.7% in the fourth quarter. Asset Management Group Inc. now owns 3,184 shares of the financial services provider’s stock worth $275,000 after buying an additional 22 shares during the last quarter. Finally, BSW Wealth Partners increased its stake in shares of J P Morgan Chase & Co by 0.5% in the first quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock worth $429,000 after buying an additional 26 shares during the last quarter. 74.26% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on JPM shares. Vetr downgraded shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $95.35 target price for the company. in a research note on Monday, April 10th. Rafferty Capital Markets reissued a “buy” rating and set a $97.00 target price (up previously from $96.00) on shares of J P Morgan Chase & Co in a research note on Tuesday, March 21st. Credit Suisse Group lifted their target price on shares of J P Morgan Chase & Co to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, March 15th. Jefferies Group LLC reissued a “buy” rating and set a $94.00 target price on shares of J P Morgan Chase & Co in a research note on Wednesday, March 8th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of J P Morgan Chase & Co to $47.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $82.01.

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J P Morgan 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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