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

Investors sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading hours on Tuesday. $212.53 million flowed into the stock on the tick-up and $357.71 million flowed out of the stock on the tick-down, for a money net flow of $145.18 million out of the stock. Of all stocks tracked, JPMorgan Chase & Co. had the 0th highest net out-flow for the day. JPMorgan Chase & Co. traded up $0.55 for the day and closed at $109.05

Several analysts recently issued reports on the stock. Vetr downgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price target for the company. in a research report on Wednesday. Deutsche Bank downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $90.00 to $96.00 in a report on Tuesday, September 26th. Citigroup lifted their price objective on shares of JPMorgan Chase & Co. from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, October 6th. Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Thursday, October 12th. Finally, Robert W. Baird lifted their price objective on shares of JPMorgan Chase & Co. from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $93.64.

The firm has a market capitalization of $382,540.00, a P/E ratio of 15.82, a PEG ratio of 2.04 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.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The business had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. During the same period in the previous year, the business posted $1.58 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. analysts expect that JPMorgan Chase & Co. will post 6.91 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.14%.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Farmers National Bank grew its holdings in shares of JPMorgan Chase & Co. by 0.7% during the first quarter. Farmers National Bank now owns 10,693 shares of the financial services provider’s stock worth $712,000 after purchasing an additional 70 shares in the last quarter. BSW Wealth Partners grew its holdings in shares of JPMorgan Chase & Co. by 0.5% during the first quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 26 shares in the last quarter. North Star Asset Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.6% during the first quarter. North Star Asset Management Inc. now owns 19,275 shares of the financial services provider’s stock worth $1,693,000 after purchasing an additional 123 shares in the last quarter. Bath Savings Trust Co purchased a new position in shares of JPMorgan Chase & Co. during the second quarter worth about $264,000. Finally, McQueen Ball & Associates Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.3% during the second quarter. McQueen Ball & Associates Inc. now owns 38,198 shares of the financial services provider’s stock worth $3,491,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 73.76% of the company’s stock.

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JPMorgan 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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