Investors Sell 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 Monday. $134.55 million flowed into the stock on the tick-up and $171.58 million flowed out of the stock on the tick-down, for a money net flow of $37.03 million out of the stock. Of all equities tracked, J P Morgan Chase & Co had the 23rd highest net out-flow for the day. J P Morgan Chase & Co traded up $0.87 for the day and closed at $99.01

Several research analysts have issued reports on JPM shares. Royal Bank Of Canada restated a “buy” rating and issued a $105.00 price target on shares of J P Morgan Chase & Co in a research report on Wednesday, November 15th. Deutsche Bank AG lowered shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and lifted their price target for the stock from $90.00 to $96.00 in a research report on Tuesday, September 26th. Keefe, Bruyette & Woods set a $96.00 price target on shares of J P Morgan Chase & Co and gave the stock a “hold” rating in a research report on Saturday, August 19th. Berenberg Bank set a $65.00 price target on shares of J P Morgan Chase & Co and gave the stock a “sell” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research lowered shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $92.18.

The firm has a market cap of $343,360.00, a P/E ratio of 14.14, a PEG ratio of 2.13 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were given a dividend of $0.56 per share. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.26%. J P Morgan Chase & Co’s payout ratio is currently 32.14%.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. David R. Rahn & Associates Inc. acquired a new position in J P Morgan Chase & Co during the 2nd quarter worth $1,458,000. Ironwood Investment Management LLC increased its holdings in shares of J P Morgan Chase & Co by 61.9% during the 2nd quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock worth $609,000 after purchasing an additional 2,550 shares during the period. Gamble Jones Investment Counsel increased its holdings in shares of J P Morgan Chase & Co by 0.6% during the 2nd quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock worth $4,566,000 after purchasing an additional 276 shares during the period. Grove Bank & Trust increased its holdings in shares of J P Morgan Chase & Co by 16.9% during the 2nd quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock worth $895,000 after purchasing an additional 1,417 shares during the period. Finally, Lee Danner & Bass Inc. increased its holdings in shares of J P Morgan Chase & Co by 0.4% during the 2nd quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock worth $1,599,000 after purchasing an additional 69 shares during the period. 78.59% of the stock is 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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