Traders Sell Shares of J P Morgan Chase & Co (JPM) on Strength (JPM)

Investors sold shares of J P Morgan Chase & Co (NYSE:JPM) on strength during trading hours on Wednesday. $191.40 million flowed into the stock on the tick-up and $372.25 million flowed out of the stock on the tick-down, for a money net flow of $180.85 million out of the stock. Of all companies tracked, J P Morgan Chase & Co had the highest net out-flow for the day. J P Morgan Chase & Co traded up $0.92 for the day and closed at $98.19

JPM has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of J P Morgan Chase & Co from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Vetr upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target on the stock in a report on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating and issued a $102.00 price target on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Zacks Investment Research upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Tuesday, July 18th. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of J P Morgan Chase & Co in a report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $92.18.

The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $338,920.00, a P/E ratio of 14.10, a PEG ratio of 2.12 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The company had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. During the same quarter in the previous year, the company posted $1.58 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. equities analysts forecast that J P Morgan Chase & Co will post 6.91 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.30%. The ex-dividend date was Thursday, October 5th. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s payout ratio is 32.14%.

In other news, General Counsel Stacey Friedman sold 9,968 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $90.55, for a total transaction of $902,602.40. Following the transaction, the general counsel now owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.

Several hedge funds have recently made changes to their positions in JPM. Janus Henderson Group PLC boosted its position in shares of J P Morgan Chase & Co by 517.3% during the 2nd quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock valued at $507,632,000 after acquiring an additional 4,654,113 shares during the last quarter. Stifel Financial Corp boosted its position in shares of J P Morgan Chase & Co by 9,301.6% during the 3rd quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock valued at $415,662,000 after acquiring an additional 4,305,449 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of J P Morgan Chase & Co by 29.2% during the 2nd quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock valued at $1,595,542,000 after acquiring an additional 3,945,948 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of J P Morgan Chase & Co by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after acquiring an additional 3,717,683 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of J P Morgan Chase & Co by 40.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock valued at $892,886,000 after acquiring an additional 2,828,726 shares during the last quarter. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

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J P Morgan 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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