Traders Sell Shares of JPMorgan Chase & Co. (JPM) on Strength (JPM)

Traders sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading hours on Friday. $367.03 million flowed into the stock on the tick-up and $495.43 million flowed out of the stock on the tick-down, for a money net flow of $128.40 million out of the stock. Of all stocks tracked, JPMorgan Chase & Co. had the 10th highest net out-flow for the day. JPMorgan Chase & Co. traded up $1.83 for the day and closed at $112.67

JPM has been the subject of a number of recent research reports. Argus increased their target price on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Friday. Barclays increased their target price on JPMorgan Chase & Co. from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Nomura set a $115.00 target price on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Friday. Credit Suisse Group reiterated a “buy” rating and issued a $110.00 target price (up previously from $103.00) on shares of JPMorgan Chase & Co. in a research note on Monday, October 9th. They noted that the move was a valuation call. Finally, Oppenheimer reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $102.52.

The stock has a market capitalization of $390,930.00, a price-to-earnings ratio of 16.16, a P/E/G ratio of 2.04 and a beta of 1.22. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. The firm had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.71 earnings per share. equities research analysts predict that JPMorgan Chase & Co. will post 6.91 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.14%.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.88% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. David R. Rahn & Associates Inc. bought a new position in JPMorgan Chase & Co. during the 2nd quarter worth approximately $1,458,000. Ironwood Investment Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 61.9% in the 2nd quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock worth $609,000 after purchasing an additional 2,550 shares during the last quarter. Gamble Jones Investment Counsel lifted its holdings in shares of JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock worth $4,566,000 after purchasing an additional 276 shares during the last quarter. Grove Bank & Trust lifted its holdings in shares of JPMorgan Chase & Co. by 16.9% in the 2nd quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock worth $895,000 after purchasing an additional 1,417 shares during the last quarter. Finally, Lee Danner & Bass Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock worth $1,599,000 after purchasing an additional 69 shares during the last quarter. 73.76% of the stock is currently owned by institutional investors.

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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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