Traders bought shares of JPMorgan Chase & Co. (NYSE:JPM) on weakness during trading on Friday. $109.60 million flowed into the stock on the tick-up and $74.63 million flowed out of the stock on the tick-down, for a money net flow of $34.97 million into the stock. Of all companies tracked, JPMorgan Chase & Co. had the 12th highest net in-flow for the day. JPMorgan Chase & Co. traded down ($0.14) for the day and closed at $65.32

Several research firms have commented on JPM. Jefferies Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Sunday, July 17th. Societe Generale reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 6th. Deutsche Bank AG reissued a “buy” rating and issued a $70.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, May 18th. Bank of America Corp. reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 17th. Finally, Nomura reissued a “neutral” rating and issued a $66.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, June 17th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $70.93.

The company has a 50 day moving average of $63.18 and a 200 day moving average of $61.36. The stock has a market cap of $235.90 billion and a PE ratio of 11.07.

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

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

In related news, EVP Gordon Smith sold 23,735 shares of the stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $64.05, for a total value of $1,520,226.75. Following the completion of the transaction, the executive vice president now owns 152,462 shares of the company’s stock, valued at $9,765,191.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Matthew E. Zames sold 3,991 shares of the stock in a transaction dated 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 directly owns 282,287 shares of the company’s stock, valued at approximately $18,040,962.17. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have bought and sold shares of the company. LBA Wealth Management LLC raised its position in JPMorgan Chase & Co. by 2.6% in the fourth quarter. LBA Wealth Management LLC now owns 24,407 shares of the financial services provider’s stock valued at $1,612,000 after buying an additional 625 shares during the period. Smead Capital Management Inc. boosted its stake in shares of JPMorgan Chase & Co. by 36.5% in the fourth quarter. Smead Capital Management Inc. now owns 2,100,441 shares of the financial services provider’s stock valued at $113,490,000 after buying an additional 561,204 shares in the last quarter. Banque Pictet & Cie SA boosted its stake in shares of JPMorgan Chase & Co. by 4.6% in the fourth quarter. Banque Pictet & Cie SA now owns 45,705 shares of the financial services provider’s stock valued at $3,018,000 after buying an additional 2,006 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.3% in the fourth quarter. Eagle Asset Management Inc. now owns 836,192 shares of the financial services provider’s stock valued at $55,213,000 after buying an additional 2,797 shares in the last quarter. Finally, Patriot Wealth Management Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.5% in the fourth quarter. Patriot Wealth Management Inc. now owns 131,703 shares of the financial services provider’s stock valued at $8,696,000 after buying an additional 670 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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