Investors Sell JPMorgan Chase & Co. (JPM) on Strength (JPM)

Investors sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading on Monday. $163.37 million flowed into the stock on the tick-up and $311.11 million flowed out of the stock on the tick-down, for a money net flow of $147.74 million out of the stock. Of all companies tracked, JPMorgan Chase & Co. had the 2nd highest net out-flow for the day. JPMorgan Chase & Co. traded up $0.71 for the day and closed at $109.09

Several equities analysts have recently commented on the stock. Wolfe Research assumed coverage on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 25th. They set an “outperform” rating on the stock. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 26th. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research report on Friday, September 14th. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Monday, September 17th. Finally, DZ Bank raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $123.44.

The company has a market capitalization of $371.96 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 1.76 and a beta of 1.13. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.10. The firm had revenue of $27.26 billion for the quarter, compared to analyst estimates of $27.20 billion. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. During the same quarter in the prior year, the business earned $1.76 earnings per share. As a group, research analysts expect that JPMorgan Chase & Co. will post 9.26 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, October 5th were paid a dividend of $0.80 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $3.20 annualized dividend and a yield of 2.93%. JPMorgan Chase & Co.’s dividend payout ratio is 46.58%.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 1,150 shares of the company’s stock in a transaction that occurred on Friday, October 19th. The shares were purchased at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the completion of the purchase, the director now directly owns 2,632 shares in the company, valued at $286,730.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.73% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Arlington Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 126.6% during the third quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 500 shares during the period. O Brien Wealth Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 1,120.9% during the third quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 1,020 shares during the period. Quad Cities Investment Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $124,000. Ballew Advisors Inc increased its stake in shares of JPMorgan Chase & Co. by 104.2% during the second quarter. Ballew Advisors Inc now owns 1,213 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 619 shares during the period. Finally, Financial Gravity Wealth Inc. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $150,000. Institutional investors own 70.43% of the company’s stock.

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JPMorgan Chase & Co. Company Profile (NYSE:JPM)

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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