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

Investors sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading hours on Friday. $206.16 million flowed into the stock on the tick-up and $329.42 million flowed out of the stock on the tick-down, for a money net flow of $123.26 million out of the stock. Of all companies tracked, JPMorgan Chase & Co. had the 13th highest net out-flow for the day. JPMorgan Chase & Co. traded up $2.33 for the day and closed at $117.31

JPM has been the subject of a number of analyst reports. Argus upped their price objective on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Nomura set a $115.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research report on Friday, January 12th. Credit Suisse Group restated an “outperform” rating and set a $125.00 price target (up previously from $120.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 16th. Barclays upped their price target on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Wells Fargo & Co set a $120.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $109.67.

The firm has a market capitalization of $407,030.00, a price-to-earnings ratio of 18.39, a P/E/G ratio of 1.97 and a beta of 1.22. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were issued a $0.56 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 1.91%. JPMorgan Chase & Co.’s payout ratio is 35.11%.

In other news, CEO Mary E. Erdoes sold 65,101 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total value of $7,307,587.25. Following the completion of the sale, the chief executive officer now owns 479,882 shares of the company’s stock, valued at approximately $53,866,754.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Peter Scher sold 26,532 shares of the 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. In the last quarter, insiders sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of JPM. ADAMCAPITAL Gestao de Recursos Ltda. purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $262,139,000. Certified Advisory Corp acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $259,000. Ackerman Capital Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $399,000. Wagner Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $454,000. Finally, D.B. Root & Company LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $302,000. 73.02% of the stock is owned by institutional investors and hedge funds.

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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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