Traders sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading on Wednesday. $118.53 million flowed into the stock on the tick-up and $187.56 million flowed out of the stock on the tick-down, for a money net flow of $69.03 million out of the stock. Of all equities tracked, JPMorgan Chase & Co. had the 0th highest net out-flow for the day. JPMorgan Chase & Co. traded up $0.38 for the day and closed at $66.84

A number of equities research analysts have commented on the company. Deutsche Bank AG reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, June 4th. Credit Suisse Group AG reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Barclays PLC reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Wells Fargo & Co. reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Finally, Jefferies Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Sunday, July 10th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $71.34.

The firm has a market cap of $241.39 billion, a P/E ratio of 11.33 and a beta of 1.65. The company’s 50 day moving average price is $66.27 and its 200-day moving average price is $63.13.

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JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Thursday, July 14th. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.12. JPMorgan Chase & Co. had a net margin of 24.47% and a return on equity of 10.20%. The business earned $24.40 billion during the quarter, compared to analyst estimates of $23.84 billion. During the same quarter in the previous year, the business earned $1.54 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 2.5% compared to the same quarter last year. Analysts expect that JPMorgan Chase & Co. will post $5.65 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Tuesday, October 4th. JPMorgan Chase & Co.’s payout ratio is presently 32.54%.

In related news, insider Ashley Bacon sold 15,521 shares of JPMorgan Chase & Co. stock in a transaction on Friday, July 15th. The shares were sold at an average price of $63.97, for a total value of $992,878.37. Following the completion of the sale, the insider now owns 14,938 shares of the company’s stock, valued at approximately $955,583.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gordon Smith sold 23,735 shares of JPMorgan Chase & Co. stock in a transaction on Friday, July 15th. The shares were sold at an average price of $64.05, for a total transaction of $1,520,226.75. Following the completion of the sale, the executive vice president now directly owns 152,462 shares of the company’s stock, valued at approximately $9,765,191.10. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in JPM. Acrospire Investment Management LLC purchased a new position in JPMorgan Chase & Co. during the first quarter worth $107,000. Jackson Grant Investment Advisers Inc. raised its position in JPMorgan Chase & Co. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock worth $125,000 after buying an additional 14 shares in the last quarter. Vigilant Capital Management LLC raised its position in JPMorgan Chase & Co. by 22.1% in the second quarter. Vigilant Capital Management LLC now owns 2,079 shares of the financial services provider’s stock worth $129,000 after buying an additional 376 shares in the last quarter. Perkins Coie Trust Co raised its position in JPMorgan Chase & Co. by 10.2% in the second quarter. Perkins Coie Trust Co now owns 2,163 shares of the financial services provider’s stock worth $134,000 after buying an additional 200 shares in the last quarter. Finally, Hanson McClain Inc. raised its position in JPMorgan Chase & Co. by 1.3% in the second quarter. Hanson McClain Inc. now owns 2,384 shares of the financial services provider’s stock worth $148,000 after buying an additional 31 shares in the last quarter. 73.34% of the stock is owned by institutional investors and hedge funds.

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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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