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

Traders sold shares of J P Morgan Chase & Co (NYSE:JPM) on strength during trading hours on Thursday. $194.91 million flowed into the stock on the tick-up and $348.66 million flowed out of the stock on the tick-down, for a money net flow of $153.75 million out of the stock. Of all stocks tracked, J P Morgan Chase & Co had the 5th highest net out-flow for the day. J P Morgan Chase & Co traded up $1.69 for the day and closed at $107.83

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reissued a “hold” rating on shares of J P Morgan Chase & Co in a research note on Wednesday, October 11th. Deutsche Bank cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and upped their price objective for the company from $90.00 to $96.00 in a research report on Tuesday, September 26th. Robert W. Baird restated a “hold” rating and issued a $88.00 price objective on shares of J P Morgan Chase & Co in a research report on Thursday, September 21st. Zacks Investment Research cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, Vetr upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective for the company in a research report on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $92.35.

The company has a market capitalization of $374,140.00, a price-to-earnings ratio of 15.35, a PEG ratio of 2.31 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick 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 (EPS) 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 analysts’ expectations of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 EPS. analysts anticipate that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, January 4th. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 32.14%.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction dated Thursday, October 26th. The stock was 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 in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.88% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in JPM. Kohmann Bosshard Financial Services LLC acquired a new position in shares of J P Morgan Chase & Co during the 3rd quarter worth about $102,000. Welch Investments LLC acquired a new position in shares of J P Morgan Chase & Co during the 3rd quarter worth about $103,000. Legacy Advisors LLC acquired a new position in shares of J P Morgan Chase & Co during the 3rd quarter worth about $106,000. Atlantic Trust LLC acquired a new position in shares of J P Morgan Chase & Co during the 2nd quarter worth about $136,000. Finally, Lipe & Dalton acquired a new position in shares of J P Morgan Chase & Co during the 3rd quarter worth about $143,000. Hedge funds and other institutional investors own 73.75% of the company’s stock.

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About J P Morgan Chase & Co

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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