J P Morgan Chase & Co (NYSE:JPM) saw some unusual options trading activity on Wednesday. Stock investors bought 93,484 call options on the stock. This represents an increase of 231% compared to the average daily volume of 28,201 call options.

In related news, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stacey Friedman sold 9,968 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $90.55, for a total transaction of $902,602.40. Following the transaction, the general counsel now owns 10,527 shares of the company’s stock, valued at $953,219.85. The disclosure for this sale can be found here. Insiders sold a total of 28,564 shares of company stock valued at $2,605,334 over the last 90 days. Corporate insiders own 0.88% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in J P Morgan Chase & Co by 1.5% in the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after acquiring an additional 3,717,683 shares in the last quarter. State Street Corp boosted its holdings in J P Morgan Chase & Co by 0.8% in the first quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after acquiring an additional 1,357,194 shares in the last quarter. Northern Trust Corp boosted its holdings in J P Morgan Chase & Co by 1.8% in the second quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock valued at $4,475,468,000 after acquiring an additional 847,463 shares in the last quarter. Capital Research Global Investors boosted its holdings in J P Morgan Chase & Co by 2.5% in the second quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock valued at $2,898,729,000 after acquiring an additional 765,082 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in J P Morgan Chase & Co by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock valued at $2,621,677,000 after acquiring an additional 176,306 shares in the last quarter. Institutional investors and hedge funds own 77.90% of the company’s stock.

A number of research firms recently issued reports on JPM. Citigroup Inc. upped their price objective on shares of J P Morgan Chase & Co from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday. Royal Bank Of Canada reiterated a “buy” rating and set a $95.00 price objective on shares of J P Morgan Chase & Co in a research report on Friday, August 18th. Deutsche Bank AG cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and upped their price objective for the stock from $90.00 to $96.00 in a research report on Tuesday, September 26th. BidaskClub cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Berenberg Bank set a $65.00 price objective on shares of J P Morgan Chase & Co and gave the stock a “sell” rating in a research report on Thursday, August 3rd. Three equities research 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 a consensus rating of “Hold” and an average target price of $88.64.

J P Morgan Chase & Co (NYSE JPM) opened at 96.92 on Friday. The company’s 50-day moving average is $92.72 and its 200 day moving average is $89.44. J P Morgan Chase & Co has a 52 week low of $66.74 and a 52 week high of $97.64. The company 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 (NYSE:JPM) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.23. The business had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.55 earnings per share. On average, analysts forecast that J P Morgan Chase & Co will post $6.80 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be issued a $0.56 dividend. The ex-dividend date is Thursday, October 5th. This represents a $2.24 annualized dividend and a yield of 2.31%. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s payout ratio is 29.59%.

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About J P Morgan Chase & Co

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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