Investors Sell JPMorgan Chase (JPM) on Strength (JPM)

Investors sold shares of JPMorgan Chase (NYSE:JPM) on strength during trading on Thursday. $344.18 million flowed into the stock on the tick-up and $503.40 million flowed out of the stock on the tick-down, for a money net flow of $159.22 million out of the stock. Of all companies tracked, JPMorgan Chase had the 0th highest net out-flow for the day. JPMorgan Chase traded up $2.75 for the day and closed at $113.37

Several research firms have issued reports on JPM. Nomura raised their price target on shares of JPMorgan Chase from $113.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. ValuEngine raised shares of JPMorgan Chase from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Jefferies Group reaffirmed a “buy” rating and set a $131.00 price target (up from $124.00) on shares of JPMorgan Chase in a research note on Wednesday, February 21st. Morgan Stanley raised their price target on shares of JPMorgan Chase from $128.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, BMO Capital Markets raised their price target on shares of JPMorgan Chase from $110.00 to $111.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have issued a buy rating to the company. JPMorgan Chase has a consensus rating of “Hold” and an average price target of $112.47.

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The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.24. The firm has a market cap of $389,081.19, a P/E ratio of 16.06, a P/E/G ratio of 1.91 and a beta of 1.24.

JPMorgan Chase (NYSE:JPM) last posted its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.09. JPMorgan Chase had a net margin of 21.46% and a return on equity of 11.63%. The firm had revenue of $27.90 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same quarter last year, the firm posted $1.65 earnings per share. JPMorgan Chase’s revenue for the quarter was up 12.0% compared to the same quarter last year. analysts forecast that JPMorgan Chase will post 8.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 6th will be issued a $0.56 dividend. The ex-dividend date is Thursday, April 5th. This represents a $2.24 annualized dividend and a yield of 2.03%. JPMorgan Chase’s payout ratio is 32.61%.

In related news, insider Ashley Bacon sold 16,434 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total value of $1,844,223.48. Following the transaction, the insider now owns 98,811 shares in the company, valued at $11,088,570.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Scher sold 26,532 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $113.42, for a total transaction of $3,009,259.44. The disclosure for this sale can be found here. Insiders sold 152,047 shares of company stock worth $17,098,115 in the last 90 days. 0.88% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of JPMorgan Chase during the third quarter valued at approximately $102,000. Welch Investments LLC purchased a new stake in shares of JPMorgan Chase during the third quarter valued at approximately $103,000. Financial Gravity Companies Inc. purchased a new stake in shares of JPMorgan Chase during the fourth quarter valued at approximately $104,000. Legacy Advisors LLC purchased a new stake in shares of JPMorgan Chase during the third quarter valued at approximately $106,000. Finally, Keeler Thomas Management LLC acquired a new stake in shares of JPMorgan Chase during the fourth quarter worth approximately $112,000. Institutional investors own 74.50% of the company’s stock.

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JPMorgan Chase Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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