Investors Sell Shares of JPMorgan Chase & Co. (JPM) on Strength (JPM)
Investors sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading on Friday. $625.45 million flowed into the stock on the tick-up and $790.95 million flowed out of the stock on the tick-down, for a money net flow of $165.50 million out of the stock. Of all companies tracked, JPMorgan Chase & Co. had the 0th highest net out-flow for the day. JPMorgan Chase & Co. traded up $2.16 for the day and closed at $110.04
JPM has been the topic of a number of analyst reports. Buckingham Research raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Thursday, December 21st. Wells Fargo & Co set a $120.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Wednesday, December 20th. Royal Bank of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Bank of America set a $119.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Monday, January 15th. Finally, Vining Sparks reaffirmed a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the company. JPMorgan Chase & Co. has an average rating of “Hold” and a consensus price target of $107.42.
The stock has a market capitalization of $381,808.66, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.86 and a beta of 1.23. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 35.56%.
In other news, insider Peter Scher sold 26,532 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ashley Bacon sold 16,434 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the transaction, the insider now directly owns 98,811 shares in the company, valued at approximately $11,088,570.42. The disclosure for this sale can be found here. Insiders sold a total of 152,047 shares of company stock worth $17,098,115 in the last three months. Insiders own 0.88% of the company’s stock.
Several large investors have recently modified their holdings of JPM. Private Vista LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $102,000. Welch Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $103,000. Legacy Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $106,000. Finally, Keeler Thomas Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $112,000. 73.82% of the stock is currently owned by hedge funds and other institutional investors.
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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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