Investors sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading on Thursday. $142.75 million flowed into the stock on the tick-up and $164.89 million flowed out of the stock on the tick-down, for a money net flow of $22.14 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 $0.29 for the day and closed at $115.24
JPM has been the subject of several analyst reports. Royal Bank of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, December 8th. Wells Fargo set a $120.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Wednesday, December 20th. Buckingham Research upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Barclays increased their price objective on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Credit Suisse Group upgraded shares of JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $110.82.
The company has a market capitalization of $395,498.94, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.24.
In related news, EVP Peter Scher sold 17,057 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.20, for a total value of $1,913,795.40. Following the completion of the transaction, the executive vice president now directly owns 15,310 shares of the company’s stock, valued at approximately $1,717,782. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ashley Bacon sold 16,434 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the transaction, the insider now directly owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in JPM. Private Vista LLC bought a new position in JPMorgan Chase & Co. in the 2nd quarter valued at $102,000. Kohmann Bosshard Financial Services LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at $102,000. Welch Investments LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at $103,000. Financial Gravity Companies Inc. bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at $104,000. Finally, Legacy Advisors LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at $106,000. 74.59% of the stock is owned by institutional investors.
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JPMorgan 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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