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

Investors sold shares of J P Morgan Chase & Co (NYSE:JPM) on strength during trading hours on Wednesday. $191.40 million flowed into the stock on the tick-up and $372.25 million flowed out of the stock on the tick-down, for a money net flow of $180.85 million out of the stock. Of all equities tracked, J P Morgan Chase & Co had the 0th highest net out-flow for the day. J P Morgan Chase & Co traded up $0.92 for the day and closed at $98.19

Several research firms have weighed in on JPM. Keefe, Bruyette & Woods restated a “hold” rating on shares of J P Morgan Chase & Co in a research report on Wednesday, October 11th. Deutsche Bank AG lowered shares of J P Morgan 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 research note on Tuesday, September 26th. Robert W. Baird reissued a “hold” rating and set a $88.00 price objective on shares of J P Morgan Chase & Co in a research note on Thursday, September 21st. Zacks Investment Research lowered 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 raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective on the stock in a research report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. J P Morgan Chase & Co currently has a consensus rating of “Hold” and a consensus price target of $92.18.

The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $338,680.00, a PE ratio of 14.15, a price-to-earnings-growth ratio of 2.13 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings results 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. The business had revenue of $25.33 billion for the quarter, compared to the consensus estimate 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 business’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $1.58 EPS. research analysts anticipate that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were issued a $0.56 dividend. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, October 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.27%. J P Morgan Chase & Co’s dividend payout ratio is presently 32.14%.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction that occurred on 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 sale, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.88% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Sit Investment Associates Inc. increased its position in J P Morgan Chase & Co by 9.9% in the 1st quarter. Sit Investment Associates Inc. now owns 681,095 shares of the financial services provider’s stock valued at $59,827,000 after acquiring an additional 61,420 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in J P Morgan Chase & Co by 144.7% during the 1st quarter. Glen Harbor Capital Management LLC now owns 254,096 shares of the financial services provider’s stock valued at $22,320,000 after purchasing an additional 150,256 shares in the last quarter. Mycio Wealth Partners LLC raised its position in J P Morgan Chase & Co by 23.0% during the 1st quarter. Mycio Wealth Partners LLC now owns 29,971 shares of the financial services provider’s stock valued at $2,633,000 after purchasing an additional 5,595 shares in the last quarter. First Mercantile Trust Co. increased its holdings in shares of J P Morgan Chase & Co by 3.2% in the 1st quarter. First Mercantile Trust Co. now owns 40,524 shares of the financial services provider’s stock valued at $3,559,000 after acquiring an additional 1,239 shares during the period. Finally, Duncker Streett & Co. Inc. increased its holdings in shares of J P Morgan Chase & Co by 2.1% in the 1st quarter. Duncker Streett & Co. Inc. now owns 42,269 shares of the financial services provider’s stock valued at $3,713,000 after acquiring an additional 861 shares during the period. Institutional investors and hedge funds own 78.97% of the company’s stock.

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J P Morgan 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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