J P Morgan Chase & Co (NYSE:JPM) was the recipient of unusually large options trading on Wednesday. Stock investors bought 93,484 call options on the company. This represents an increase of 231% compared to the average daily volume of 28,201 call options.

In other news, CFO Marianne Lake sold 17,596 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicole Giles sold 1,000 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following the completion of the transaction, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,564 shares of company stock valued at $2,605,334. 0.88% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in JPM. Private Vista LLC acquired a new position in J P Morgan Chase & Co during the second quarter worth approximately $102,000. Pacific Center for Financial Services increased its position in J P Morgan Chase & Co by 14.5% during the first quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after buying an additional 177 shares during the last quarter. Atlantic Trust LLC acquired a new position in J P Morgan Chase & Co during the second quarter worth approximately $136,000. Ullmann Financial Group Inc. acquired a new position in J P Morgan Chase & Co during the first quarter worth approximately $148,000. Finally, Northwest Investment Counselors LLC acquired a new position in J P Morgan Chase & Co during the second quarter worth approximately $165,000. 77.90% of the stock is currently owned by hedge funds and other institutional investors.

J P Morgan Chase & Co (NYSE JPM) opened at 96.92 on Friday. The firm has a 50-day moving average price of $92.72 and a 200 day moving average price of $89.44. The firm has a market capitalization of $341.01 billion, a price-to-earnings ratio of 14.30 and a beta of 1.18. J P Morgan Chase & Co has a 12 month low of $66.74 and a 12 month high of $97.64.

J P Morgan Chase & Co (NYSE:JPM) last released its earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The business had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. J P Morgan Chase & Co’s revenue was up 4.6% on a year-over-year basis. On average, equities analysts forecast that J P Morgan Chase & Co will post $6.80 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, October 5th. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s payout ratio is 33.14%.

Several brokerages have recently weighed in on JPM. Zacks Investment Research upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Tuesday, July 18th. Bank of America Corporation restated a “buy” rating and issued a $99.00 price objective on shares of J P Morgan Chase & Co in a report on Monday, July 17th. BidaskClub upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Deutsche Bank AG restated a “buy” rating on shares of J P Morgan Chase & Co in a report on Monday, July 3rd. Finally, Vetr lowered J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price objective for the company. in a report on Monday, June 12th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $88.64.

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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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