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

Investors sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading on Monday. $223.17 million flowed into the stock on the tick-up and $451.87 million flowed out of the stock on the tick-down, for a money net flow of $228.70 million out of the stock. Of all equities tracked, JPMorgan Chase & Co. had the 2nd highest net out-flow for the day. JPMorgan Chase & Co. traded up $0.70 for the day and closed at $115.32

Several research firms have recently issued reports on JPM. Keefe, Bruyette & Woods restated a “$111.53” rating and issued a $127.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, July 18th. BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $110.00 to $118.00 and gave the stock a “market perform” rating in a report on Monday, July 16th. Royal Bank of Canada restated a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. Goldman Sachs Group set a $128.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Monday, July 23rd. Finally, Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, September 17th. Eleven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. JPMorgan Chase & Co. has an average rating of “Buy” and an average price target of $122.13.

The company has a market capitalization of $387.26 billion, a P/E ratio of 16.51, a PEG ratio of 1.85 and a beta of 1.17. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 13th. The financial services provider reported $2.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.22 by $0.07. The company had revenue of $27.75 billion for the quarter, compared to the consensus estimate of $27.62 billion. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. On average, analysts predict that JPMorgan Chase & Co. will post 9.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, October 5th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 46.58%.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 30,725 shares of the firm’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $114.01, for a total transaction of $3,502,957.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quad Cities Investment Group LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $124,000. Ballew Advisors Inc boosted its holdings in shares of JPMorgan Chase & Co. by 104.2% in the 2nd quarter. Ballew Advisors Inc now owns 1,213 shares of the financial services provider’s stock valued at $126,000 after buying an additional 619 shares in the last quarter. Financial Gravity Wealth Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $150,000. Stelac Advisory Services LLC bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $162,000. Finally, Kwmg LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $158,000. 70.56% of the stock is currently owned by institutional investors and hedge funds.

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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