Published: Thu, October 12, 2017
Markets | By Rosalie Gross

Investors Buy JP Morgan Chase & Co (JPM) on Weakness


The stock decreased 3.35% or $0.8 during the last trading session, reaching $23.05.

Shares of J P Morgan Chase & Co (NYSE:JPM) opened at 97.13 on Tuesday. It has outperformed by 6.40% the S&P500. Grand Jean Capital Management Inc. raised its stake in J P Morgan Chase & Co by 33.3% in the 1st quarter. It worsened, as 3 investors sold Proteon Therapeutics Inc shares while 10 reduced holdings. J.P. Morgan Chase now has $341.80B valuation. The stock declined 0.16% or $0.16 reaching $96.97 per share. On August 21, 2017, Stacey Friedman executed a direct sell involving 9968 shares. The shares price go up so far this year; showing a rise of 11.73% and dropped with negative flow of -0.44% during recent week.

Investors sentiment increased to 1.19 in Q2 2017. Its down 0.12, from 1.42 in 2017Q1. It is positive, as 56 investors sold JPM shares while 678 reduced holdings. Gradient Investments LLC raised its stake in J P Morgan Chase & Co by 9.1% in the 2nd quarter. The consensus recommendation for stock is 2.50. Duff Phelps Investment reported 40,505 shares. Moreover, Reynders Mcveigh Capital Mngmt Ltd Liability Com has 0.08% invested in JPMorgan Chase & Co. (JPM) exchanged hands at an unexpectedly low level of 10.61 million shares over the course of the day. Oak Ridge Invs Ltd owns 0.01% invested in JPMorgan Chase & Co. (NYSE:JPM). Vaughan David Il stated it has 411,341 shares. JPMorgan Chase & Co has $110 highest and $52 lowest target. (NYSE:RYN) or 6,650 shares. Cardinal Capital Management, Inc. controls 153,358 shares with a value of $14,647,000. Independent Investors stated it has 2.42% of its portfolio in JPMorgan Chase & Co. (NYSE:RYN) for 140,000 shares. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider's stock worth $442,000 after purchasing an additional 36 shares during the period. The company moved in the past week with shift of -0.44%. JPMorgan Chase & Co had 78 analyst reports since July 21, 2015 according to SRatingsIntel.

JPMorgan Chase & Co. shares increased 1.48 percent over the past week and rose 9.48 percent over the previous month.

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The P/E ratio is now 14.33 and market capitalization is 341.75B. Its down 32.86% from 535,600 shares previously.

Since May 11, 2017, it had 0 buys, and 1 sale for $568,100 activity. $568,100 worth of JPMorgan Chase & Co. Therefore 52% are positive. Deutsche Bank AG restated a "buy" rating on shares of J P Morgan Chase & Co in a research note on Monday, July 3rd. UBS upgraded the stock to "Buy" rating in Friday, February 5 report. Kbc Group Incorporated Nv has 1.56% invested in JPMorgan Chase & Co. (NYSE:JPM) rating on Thursday, April 14. Credit Suisse Ag accumulated 0.66% or 7.43M shares. Keefe, Bruyette & Woods set a $96.00 price objective on J P Morgan Chase & Co and gave the stock a "hold" rating in a report on Saturday, August 19th. Jefferies Group also issued estimates for J P Morgan Chase & Co's FY2019 earnings at $8.35 EPS. (NYSE:JPM) news were published by: Investorplace.com which released: "Time to Bank on a Pullback in JP Morgan Chase & Co". (NYSE:JPM) on Wednesday, October 7 with "Buy" rating. (NYSE:JPM) on Tuesday, June 6 with "Buy" rating. (NYSE:JPM) for 6,876 shares. Overall, the share price is up 39.34% so far this year.

Investors sentiment decreased to 1.3 in Q2 2017. Its up 0.32, from 0.87 in 2017Q1. Peapack Gladstone invested in 434,706 shares. 62 funds opened positions while 162 raised stakes. Next Financial Grp has invested 0% of its portfolio in Rayonier Inc. Amalgamated Commercial Bank has invested 0.09% in Roper Technologies Inc (NYSE:ROP). Oppenheimer Asset Management accumulated 3,028 shares. Lombard Odier Asset (Europe) Limited invested in 0.02% or 1,297 shares. Regions Financial invested in 0.04% or 13,971 shares. Bancorporation Of Mellon Corporation holds 0% or 129,434 shares. First Trust Advsrs LP owns 87,544 shares for 0.05% of their portfolio. This represents a $2.00 dividend on an annualized basis and a yield of 2.33%. (NYSE:RYN) for 120,696 shares. Art Limited Com has invested 0% of its portfolio in Proteon Therapeutics Inc (NASDAQ:PRTO). Morgan Stanley reported 317 shares. Magnetar Finance Lc holds 0.01% or 2,068 shares.

Analysts await Proteon Therapeutics Inc (NASDAQ:PRTO) to report earnings on November, 6. Therefore 67% are positive. Buckingham Research downgraded it to "Neutral" rating and $74 target in Monday, October 17 report. The firm has "Buy" rating by Guggenheim given on Wednesday, April 26. The ex-dividend date of this dividend is Thursday, October 5th. The company was maintained on Friday, July 7 by Stifel Nicolaus. (NYSE:BLK) on Tuesday, July 18 with "Outperform" rating. Stifel Nicolaus maintained the shares of ROP in report on Wednesday, July 19 with "Buy" rating.

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