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 0th highest net out-flow for the day. JPMorgan Chase & Co. traded up $1.83 for the day and closed at $112.67

A number of equities analysts have issued reports on JPM shares. Credit Suisse Group upgraded JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price target on the stock in a report on Friday, January 5th. Bank of America set a $102.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, October 13th. Vining Sparks restated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a report on Friday. Oppenheimer restated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Thursday, October 12th. Finally, Royal Bank of Canada restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $102.52.

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $390,934.03, a price-to-earnings ratio of 17.88, a PEG ratio of 2.05 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The company had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. During the same period last year, the business earned $1.71 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 3.3% compared to the same quarter last year. equities analysts expect that JPMorgan Chase & Co. will post 8.25 earnings per share for the current fiscal 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 paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction 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 directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.88% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of JPM. Private Vista LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $102,000. Welch Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $103,000. Legacy Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $106,000. Finally, Atlantic Trust LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $136,000. Institutional investors and hedge funds own 73.76% 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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