JPMorgan Chase & Co. (NYSE:JPM) Short Interest Down 7.5% in August

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JPMorgan Chase & Co. (NYSE:JPM) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 21,409,500 shares, a decrease of 7.5% from the July 31st total of 23,150,600 shares. Based on an average daily trading volume, of 11,480,000 shares, the short-interest ratio is presently 1.9 days. Approximately 0.7% of the company’s shares are sold short.

In related news, Director Mellody L. Hobson bought 18,200 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $109.91 per share, with a total value of $2,000,362.00. Following the transaction, the director now owns 7,804 shares in the company, valued at approximately $857,737.64. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Lori A. Beer sold 13,341 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the sale, the insider now directly owns 10,130 shares of the company’s stock, valued at $1,157,656.40. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Several institutional investors have recently modified their holdings of JPM. Wharton Business Group LLC increased its stake in JPMorgan Chase & Co. by 0.3% during the 2nd quarter. Wharton Business Group LLC now owns 86,951 shares of the financial services provider’s stock valued at $9,721,000 after purchasing an additional 235 shares in the last quarter. New England Investment & Retirement Group Inc. increased its stake in JPMorgan Chase & Co. by 27.2% during the 2nd quarter. New England Investment & Retirement Group Inc. now owns 6,695 shares of the financial services provider’s stock valued at $748,000 after purchasing an additional 1,433 shares in the last quarter. Carillon Tower Advisers Inc. increased its stake in JPMorgan Chase & Co. by 4.7% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 300,522 shares of the financial services provider’s stock valued at $33,598,000 after purchasing an additional 13,477 shares in the last quarter. BTR Capital Management Inc. increased its stake in JPMorgan Chase & Co. by 0.7% during the 2nd quarter. BTR Capital Management Inc. now owns 164,688 shares of the financial services provider’s stock valued at $18,412,000 after purchasing an additional 1,223 shares in the last quarter. Finally, Annex Advisory Services LLC increased its stake in JPMorgan Chase & Co. by 21.5% during the 2nd quarter. Annex Advisory Services LLC now owns 27,273 shares of the financial services provider’s stock valued at $3,050,000 after purchasing an additional 4,834 shares in the last quarter. Institutional investors own 72.23% of the company’s stock.

Shares of JPMorgan Chase & Co. stock traded up $2.32 during trading on Friday, hitting $120.23. The company’s stock had a trading volume of 15,277,506 shares, compared to its average volume of 10,124,056. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 0.97. The company has a fifty day simple moving average of $110.76 and a two-hundred day simple moving average of $109.70. The company has a market capitalization of $377.02 billion, a PE ratio of 13.36, a P/E/G ratio of 1.70 and a beta of 1.19. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $120.40.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.32. The company had revenue of $28.83 billion during the quarter, compared to analyst estimates of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. JPMorgan Chase & Co.’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $2.29 EPS. As a group, analysts predict that JPMorgan Chase & Co. will post 9.88 EPS for the current year.

Several research firms have recently commented 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. Deutsche Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. DZ Bank reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, August 21st. Wells Fargo & Co set a $125.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Morgan Stanley set a $122.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 9th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $121.94.

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.

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