Investors sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading on Wednesday. $280.16 million flowed into the stock on the tick-up and $317.16 million flowed out of the stock on the tick-down, for a money net flow of $37.00 million out of the stock. Of all equities tracked, JPMorgan Chase & Co. had the 14th highest net out-flow for the day. JPMorgan Chase & Co. traded up $0.10 for the day and closed at $114.74
JPM has been the subject of a number of research reports. Vetr downgraded JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 target price for the company. in a report on Wednesday, January 10th. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $133.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 target price for the company in a report on Friday, January 5th. Finally, Vining Sparks reissued 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’s stock. The company has a consensus rating of “Hold” and a consensus target price of $111.03.
The stock has a market capitalization of $393,062.25, a P/E ratio of 18.21, a P/E/G ratio of 1.93 and a beta of 1.18. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.24.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 6th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction dated 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 owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Peter Scher sold 17,057 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.20, for a total value of $1,913,795.40. Following the transaction, the executive vice president now directly owns 15,310 shares of the company’s stock, valued at approximately $1,717,782. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,047 shares of company stock valued at $17,098,115. Insiders own 0.88% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of JPM. Private Vista LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $102,000. Kohmann Bosshard Financial Services LLC bought a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $102,000. Welch Investments LLC bought a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $103,000. Financial Gravity Companies Inc. bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $104,000. Finally, Legacy Advisors LLC bought a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $106,000. 74.47% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This article was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://stocknewstimes.com/2018/03/21/investors-sell-shares-of-jpmorgan-chase-co-jpm-on-strength-jpm.html.
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.
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.