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

Investors sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading hours on Wednesday. $295.45 million flowed into the stock on the tick-up and $403.65 million flowed out of the stock on the tick-down, for a money net flow of $108.20 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 $0.48 for the day and closed at $115.19

Several research firms recently weighed in on JPM. Keefe, Bruyette & Woods upgraded shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 target price for the company in a research note on Tuesday, February 13th. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vining Sparks reiterated a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, January 12th. Vetr upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 target price for the company in a research note on Monday, February 12th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $109.67.

The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. The company has a market capitalization of $401,200.00, a P/E ratio of 18.13, a PEG ratio of 1.97 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same quarter in the previous year, the company posted $1.71 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 3.3% compared to the same quarter last year. research analysts anticipate that JPMorgan Chase & Co. will post 8.77 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.11%.

In related news, General Counsel Stacey Friedman sold 17,729 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total value of $1,991,498.57. Following the completion of the sale, the general counsel now owns 21,260 shares of the company’s stock, valued at $2,388,135.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Peter Scher sold 26,532 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $113.42, for a total transaction of $3,009,259.44. The disclosure for this sale can be found here. Insiders sold 152,047 shares of company stock valued at $17,098,115 in the last quarter. 0.88% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC grew its holdings in JPMorgan Chase & Co. by 517.3% during the 2nd quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after acquiring an additional 4,654,113 shares during the period. Stifel Financial Corp grew its holdings in JPMorgan Chase & Co. by 9,301.6% during the 3rd quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock worth $415,662,000 after acquiring an additional 4,305,449 shares during the period. Alliancebernstein L.P. grew its holdings in JPMorgan Chase & Co. by 29.2% during the 2nd quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after acquiring an additional 3,945,948 shares during the period. Vanguard Group Inc. grew its holdings in JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after acquiring an additional 3,717,683 shares during the period. Finally, Parametric Portfolio Associates LLC grew its holdings in JPMorgan Chase & Co. by 40.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock worth $892,886,000 after acquiring an additional 2,828,726 shares during the period. 73.02% of the stock is owned by institutional investors and hedge funds.

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About JPMorgan 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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