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

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Traders sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading on Tuesday. $325.53 million flowed into the stock on the tick-up and $447.86 million flowed out of the stock on the tick-down, for a money net flow of $122.33 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 $2.28 for the day and closed at $108.62

A number of equities analysts have issued reports on JPM shares. Keefe, Bruyette & Woods reiterated a “$111.53” rating and set a $127.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 18th. Royal Bank of Canada reiterated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Credit Suisse Group set a $130.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Thursday, July 12th. DZ Bank upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Finally, UBS Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $123.44.

The stock has a market cap of $387.26 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.85 and a beta of 1.17. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. The firm had revenue of $27.26 billion for the quarter, compared to the consensus estimate of $27.20 billion. During the same quarter last year, the business posted $1.76 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post 9.17 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors 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. The ex-dividend date is Thursday, October 4th. This represents a $3.20 dividend on an annualized basis and a yield of 2.91%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 46.58%.

In related news, CEO Gordon Smith sold 30,725 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total transaction of $3,502,957.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.73% of the company’s stock.

A number of institutional investors have recently made changes to their positions in JPM. Elite Wealth Management Inc. increased its stake in JPMorgan Chase & Co. by 4.1% during the first quarter. Elite Wealth Management Inc. now owns 17,891 shares of the financial services provider’s stock worth $1,967,000 after acquiring an additional 701 shares during the last quarter. Nuveen Asset Management LLC increased its stake in JPMorgan Chase & Co. by 2.7% during the first quarter. Nuveen Asset Management LLC now owns 1,124,172 shares of the financial services provider’s stock worth $123,625,000 after acquiring an additional 29,540 shares during the last quarter. Syntal Capital Partners LLC increased its stake in JPMorgan Chase & Co. by 11.3% during the first quarter. Syntal Capital Partners LLC now owns 9,963 shares of the financial services provider’s stock worth $1,095,000 after acquiring an additional 1,013 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in JPMorgan Chase & Co. by 7.1% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 808,379 shares of the financial services provider’s stock worth $88,897,000 after acquiring an additional 53,442 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. increased its stake in JPMorgan Chase & Co. by 5.5% during the second quarter. NN Investment Partners Holdings N.V. now owns 140,044 shares of the financial services provider’s stock worth $14,593,000 after acquiring an additional 7,269 shares during the last quarter. Hedge funds and other institutional investors own 70.56% of the company’s stock.

JPMorgan Chase & Co. Company Profile (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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