Investors Sell JPMorgan Chase & Co. (JPM) on Strength (JPM)

Investors sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading hours on Wednesday. $312.68 million flowed into the stock on the tick-up and $431.27 million flowed out of the stock on the tick-down, for a money net flow of $118.59 million out of the stock. Of all equities tracked, JPMorgan Chase & Co. had the 0th highest net out-flow for the day. JPMorgan Chase & Co. traded up $2.60 for the day and closed at $115.03

A number of analysts have recently commented on JPM shares. Wells Fargo & Co boosted their price objective on shares of JPMorgan Chase & Co. from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Societe Generale lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $108.71.

The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The stock has a market cap of $400,790.00, a P/E ratio of 18.04, a P/E/G ratio of 1.97 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The business had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. During the same period in the prior year, the company posted $1.71 earnings per share. JPMorgan Chase & Co.’s revenue was up 3.3% compared to the same quarter last year. analysts forecast that JPMorgan Chase & Co. will post 8.78 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were paid a $0.56 dividend. The ex-dividend date was Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 1.95%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.11%.

In other JPMorgan Chase & Co. news, insider Peter Scher sold 26,532 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $113.42, for a total transaction of $3,009,259.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 17,729 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the sale, the general counsel now owns 21,260 shares in the company, valued at $2,388,135.80. The disclosure for this sale can be found here. Insiders sold 152,047 shares of company stock worth $17,098,115 over the last 90 days. 0.88% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Jackson Grant Investment Advisers Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 12 shares in the last quarter. IPG Investment Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.3% in the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 17 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 26 shares in the last quarter. Fort Pitt Capital Group LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 9,084 shares of the financial services provider’s stock valued at $830,000 after purchasing an additional 37 shares in the last quarter. Finally, Financial Consulate Inc. boosted its stake in shares of JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock valued at $372,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 73.66% of the company’s stock.

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About JPMorgan 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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