Traders bought shares of JPMorgan Chase & Co. (NYSE:JPM) on weakness during trading hours on Wednesday. $165.86 million flowed into the stock on the tick-up and $92.14 million flowed out of the stock on the tick-down, for a money net flow of $73.72 million into the stock. Of all companies tracked, JPMorgan Chase & Co. had the 2nd highest net in-flow for the day. JPMorgan Chase & Co. traded down ($0.59) for the day and closed at $65.28

A number of equities analysts have recently weighed in on the company. Citigroup Inc. lowered JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research note on Monday. They noted that the move was a valuation call. Argus reaffirmed a “buy” rating and issued a $72.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 18th. BMO Capital Markets reaffirmed a “buy” rating and issued a $74.00 price objective (down previously from $77.00) on shares of JPMorgan Chase & Co. in a research note on Sunday, July 17th. Jefferies Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Sunday, July 17th. Finally, Bank of America Corp. reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Sunday, July 17th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the company’s stock. JPMorgan Chase & Co. has an average rating of “Buy” and an average price target of $70.93.

The firm has a 50 day moving average price of $63.06 and a 200-day moving average price of $61.27. The firm has a market capitalization of $235.76 billion and a PE ratio of 11.06.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Thursday, July 14th. The financial services provider reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.12. The company earned $24.40 billion during the quarter, compared to analyst estimates of $23.84 billion. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.54 EPS. Equities analysts expect that JPMorgan Chase & Co. will post $5.63 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th were issued a $0.48 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, July 1st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.94%.

In other news, insider Ashley Bacon sold 15,521 shares of the firm’s 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 transaction, the insider now owns 14,938 shares of the company’s stock, valued at approximately $955,583.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gordon Smith sold 23,735 shares of the firm’s 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 transaction, the executive vice president now directly owns 152,462 shares in the company, valued at approximately $9,765,191.10. The disclosure for this sale can be found here.

Several institutional investors have modified their holdings of the stock. Argent Capital Management LLC increased 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 in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $4,224,000. Private Capital Management Inc. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $1,961,000. Montag A & Associates Inc. increased 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 in the last quarter. Finally, Marco Investment Management LLC increased 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 in the last quarter.

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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