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

Investors sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading hours on Monday. $266.82 million flowed into the stock on the tick-up and $418.05 million flowed out of the stock on the tick-down, for a money net flow of $151.23 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 $1.43 for the day and closed at $104.85

A number of equities research analysts recently commented on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. Goldman Sachs Group set a $128.00 price target on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a report on Monday, July 23rd. Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Societe Generale reiterated a “neutral” rating and set a $119.50 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. Finally, Citigroup upped their price target on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, September 26th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $123.44.

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.17. The stock has a market cap of $354.93 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.10. The business had revenue of $27.26 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $1.76 EPS. Analysts anticipate that JPMorgan Chase & Co. will post 9.26 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, October 5th will be given a dividend of $0.80 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Thursday, October 4th. JPMorgan Chase & Co.’s payout ratio is presently 46.58%.

In related news, Director Mellody L. Hobson acquired 1,150 shares of JPMorgan Chase & Co. stock in a transaction on Friday, October 19th. The shares were acquired at an average cost of $108.94 per share, with a total value of $125,281.00. Following the transaction, the director now owns 2,632 shares in the company, valued at $286,730.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.73% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Elite Wealth Management Inc. grew its position in shares of JPMorgan Chase & Co. by 4.1% in the 1st quarter. Elite Wealth Management Inc. now owns 17,891 shares of the financial services provider’s stock worth $1,967,000 after buying an additional 701 shares during the period. Nuveen Asset Management LLC grew its position in JPMorgan Chase & Co. by 2.7% during the 1st quarter. Nuveen Asset Management LLC now owns 1,124,172 shares of the financial services provider’s stock valued at $123,625,000 after purchasing an additional 29,540 shares during the last quarter. Syntal Capital Partners LLC grew its position in JPMorgan Chase & Co. by 11.3% during the 1st quarter. Syntal Capital Partners LLC now owns 9,963 shares of the financial services provider’s stock valued at $1,095,000 after purchasing an additional 1,013 shares during the last quarter. NN Investment Partners Holdings N.V. grew its position in JPMorgan Chase & Co. by 5.5% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 140,044 shares of the financial services provider’s stock valued at $14,593,000 after purchasing an additional 7,269 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its position in JPMorgan Chase & Co. by 0.7% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 136,527 shares of the financial services provider’s stock valued at $14,227,000 after purchasing an additional 934 shares during the last quarter. 70.54% of the stock is currently owned by hedge funds and other institutional investors.

About JPMorgan Chase & Co. (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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