Investors 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. $206.16 million flowed into the stock on the tick-up and $329.42 million flowed out of the stock on the tick-down, for a money net flow of $123.26 million out of the stock. Of all companies tracked, JPMorgan Chase & Co. had the 0th highest net out-flow for the day. JPMorgan Chase & Co. traded up $2.33 for the day and closed at $117.31

A number of analysts have recently commented on the company. ValuEngine raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Jefferies Group reissued a “buy” rating and issued a $131.00 price target (up from $124.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday. Morgan Stanley boosted their price target on JPMorgan Chase & Co. from $128.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Zacks Investment Research raised 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. Finally, Argus boosted their price target on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. 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’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $109.67.

The firm has a market cap of $407,033.56, a PE ratio of 18.62, a PEG ratio of 2.00 and a beta of 1.23. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.71 EPS. equities research analysts expect that JPMorgan Chase & Co. will post 8.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 1.91%. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the sale, the insider now directly owns 98,811 shares in the company, valued at approximately $11,088,570.42. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Stacey Friedman sold 17,729 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were 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 of the company’s stock, valued at $2,388,135.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,047 shares of company stock valued at $17,098,115. Company insiders own 0.88% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Private Vista LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth $102,000. Welch Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth $103,000. Financial Gravity Companies Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $104,000. Finally, Legacy Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth $106,000. Institutional investors and hedge funds own 73.02% of the company’s stock.

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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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