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

Investors sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading on Wednesday. $295.45 million flowed into the stock on the tick-up and $403.65 million flowed out of the stock on the tick-down, for a money net flow of $108.20 million out of the stock. Of all companies tracked, JPMorgan Chase & Co. had the 4th highest net out-flow for the day. JPMorgan Chase & Co. traded up $0.48 for the day and closed at $115.19

JPM has been the subject of several recent analyst reports. Argus raised their price objective on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Nomura set a $115.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Friday, January 12th. Credit Suisse Group reissued an “outperform” rating and set a $125.00 price objective (up from $120.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, January 16th. Barclays raised their price objective on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, Wells Fargo & Co set a $120.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $109.67.

The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. The stock has a market cap of $399,680.00, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.96 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last posted 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 during the quarter, compared to analyst estimates of $24.87 billion. During the same period in the previous year, the business posted $1.71 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. analysts predict that JPMorgan Chase & Co. will post 8.78 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were given a $0.56 dividend. The ex-dividend date was Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 1.94%. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.11%.

In other news, Director James S. Crown acquired 7,280 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were purchased at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the transaction, the director now directly owns 305,875 shares in the company, valued at approximately $34,677,048.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary E. Erdoes sold 65,101 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the completion of the sale, the chief executive officer now owns 479,882 shares in the company, valued at $53,866,754.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,047 shares of company stock worth $17,098,115. 0.88% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Jackson Grant Investment Advisers Inc. raised its position in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock worth $301,000 after buying an additional 12 shares in the last quarter. IPG Investment Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 0.3% during the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after buying an additional 17 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of JPMorgan Chase & Co. by 0.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after buying an additional 26 shares in the last quarter. Fort Pitt Capital Group LLC raised its position in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 9,084 shares of the financial services provider’s stock worth $830,000 after buying an additional 37 shares in the last quarter. Finally, Financial Consulate Inc. raised its position in shares of JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock worth $372,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 73.02% 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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