Investors Sell J P Morgan Chase & Co (JPM) on Strength (JPM)

Traders sold shares of J P Morgan Chase & Co (NYSE:JPM) on strength during trading on Tuesday. $220.67 million flowed into the stock on the tick-up and $304.63 million flowed out of the stock on the tick-down, for a money net flow of $83.96 million out of the stock. Of all equities tracked, J P Morgan Chase & Co had the 0th highest net out-flow for the day. J P Morgan Chase & Co traded up $1.23 for the day and closed at $106.85

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of J P Morgan Chase & Co in a research report on Wednesday, October 11th. Deutsche Bank downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating and lifted their price target for the company from $90.00 to $96.00 in a research report on Tuesday, September 26th. Robert W. Baird reiterated a “hold” rating and set a $88.00 price target on shares of J P Morgan Chase & Co in a research report on Thursday, September 21st. Zacks Investment Research downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, Vetr upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target for the company in a research report on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $92.18.

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. The firm has a market cap of $370,740.19, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.32 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The firm had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. equities analysts predict that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be given a $0.56 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 2.12%. J P Morgan Chase & Co’s payout ratio is currently 32.28%.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the sale, the general counsel now owns 15,279 shares in the company, valued at $1,557,846.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.

A number of hedge funds have recently made changes to their positions in JPM. Private Vista LLC purchased a new position in shares of J P Morgan Chase & Co during the second quarter valued at approximately $102,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of J P Morgan Chase & Co during the third quarter valued at approximately $102,000. Welch Investments LLC purchased a new position in shares of J P Morgan Chase & Co during the third quarter valued at approximately $103,000. Legacy Advisors LLC purchased a new position in shares of J P Morgan Chase & Co during the third quarter valued at approximately $106,000. Finally, Pacific Center for Financial Services increased its stake in shares of 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 valued at $123,000 after buying an additional 177 shares during the period. Hedge funds and other institutional investors own 73.93% of the company’s stock.

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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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