Traders purchased shares of JPMorgan Chase & Co. (NYSE:JPM) on weakness during trading on Wednesday. $226.56 million flowed into the stock on the tick-up and $147.00 million flowed out of the stock on the tick-down, for a money net flow of $79.56 million into the stock. Of all equities tracked, JPMorgan Chase & Co. had the 2nd highest net in-flow for the day. JPMorgan Chase & Co. traded down ($0.04) for the day and closed at $63.16

Several equities analysts recently commented on the company. Societe Generale reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 6th. Sanford C. Bernstein reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 6th. Vetr lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $65.34 target price for the company. in a research note on Thursday, June 9th. Deutsche Bank AG reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, June 4th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $75.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, June 6th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty-four have issued a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Buy” and a consensus price target of $71.11.

The stock has a 50-day moving average price of $62.87 and a 200 day moving average price of $60.72. The firm has a market capitalization of $230.92 billion and a price-to-earnings ratio of 10.70.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.04%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Friday, July 1st.

Other hedge funds have added to or reduced their stakes in the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $3,665,000. Spinnaker Trust raised its position in shares of JPMorgan Chase & Co. by 5.9% in the fourth quarter. Spinnaker Trust now owns 18,400 shares of the financial services provider’s stock valued at $1,215,000 after buying an additional 1,031 shares during the period. Enterprise Financial Services Corp raised its position in shares of JPMorgan Chase & Co. by 6.5% in the fourth quarter. Enterprise Financial Services Corp now owns 20,771 shares of the financial services provider’s stock valued at $1,372,000 after buying an additional 1,266 shares during the period. Dowling & Yahnke LLC raised its position in shares of JPMorgan Chase & Co. by 0.8% in the fourth quarter. Dowling & Yahnke LLC now owns 100,899 shares of the financial services provider’s stock valued at $6,662,000 after buying an additional 768 shares during the period. Finally, Family Capital Trust Co raised its position in shares of JPMorgan Chase & Co. by 0.4% in the fourth quarter. Family Capital Trust Co now owns 77,529 shares of the financial services provider’s stock valued at $5,118,000 after buying an additional 280 shares during the period.

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.

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