Traders purchased shares of JPMorgan Chase & Co. (NYSE:JPM) on weakness during trading hours on Monday. $158.11 million flowed into the stock on the tick-up and $112.46 million flowed out of the stock on the tick-down, for a money net flow of $45.65 million into the stock. Of all equities tracked, JPMorgan Chase & Co. had the 6th highest net in-flow for the day. JPMorgan Chase & Co. traded down ($0.20) for the day and closed at $66.10

A number of brokerages recently commented on JPM. Citigroup Inc. cut JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a report on Monday. They noted that the move was a valuation call. Societe Generale restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 6th. Sanford C. Bernstein restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 6th. Vetr cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $65.34 target price for the company. in a report on Thursday, June 9th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, June 4th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $70.93.

The company has a 50 day moving average price of $62.90 and a 200-day moving average price of $61.17. The stock has a market cap of $238.72 billion and a P/E ratio of 11.20.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Thursday, July 14th. The financial services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.43 by $0.12. The firm 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 posted $1.54 EPS. JPMorgan Chase & Co.’s revenue was up 2.5% compared to the same quarter last year. Analysts predict that JPMorgan Chase & Co. will post $5.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, July 31st. Investors of record on Wednesday, July 6th were given a dividend of $0.48 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, July 1st. This represents a $1.92 dividend on an annualized basis and a yield of 2.90%.

In related news, COO Matthew E. Zames sold 3,991 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $63.91, for a total transaction of $255,064.81. Following the completion of the transaction, the chief operating officer now owns 282,287 shares in the company, valued at approximately $18,040,962.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 15,521 shares of the business’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $63.97, for a total value of $992,878.37. Following the transaction, the insider now owns 14,938 shares of the company’s stock, valued at approximately $955,583.86. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have made changes to their positions in JPM. Argent Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 3.1% in the fourth quarter. Argent Capital Management LLC now owns 1,117,317 shares of the financial services provider’s stock worth $73,776,000 after buying an additional 33,305 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $4,224,000. Private Capital Management Inc. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $1,961,000. Montag A & Associates Inc. raised its position in shares of JPMorgan Chase & Co. by 1.0% in the fourth quarter. Montag A & Associates Inc. now owns 84,531 shares of the financial services provider’s stock worth $5,582,000 after buying an additional 810 shares during the period. Finally, Marco Investment Management LLC raised its position in shares of JPMorgan Chase & Co. by 20.8% in the fourth quarter. Marco Investment Management LLC now owns 196,398 shares of the financial services provider’s stock worth $12,968,000 after buying an additional 33,800 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.