Traders sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading hours on Thursday. $66.67 million flowed into the stock on the tick-up and $157.80 million flowed out of the stock on the tick-down, for a money net flow of $91.13 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 $0.12 for the day and closed at $66.07

JPM has been the topic of a number of research analyst reports. Wells Fargo & Co. reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Saturday, July 9th. Argus reissued a “buy” rating and issued a $72.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 18th. Vetr cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $65.34 price target on the stock. in a research note on Thursday, June 9th. Sanford C. Bernstein cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $65.72 to $67.00 in a research note on Tuesday, August 16th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the company. JPMorgan Chase & Co. presently has an average rating of “Buy” and an average price target of $71.50.

The firm’s 50 day moving average price is $64.53 and its 200 day moving average price is $61.88. The company has a market cap of $238.61 billion and a PE ratio of 11.20.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Thursday, July 14th. The financial services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.43 by $0.12. During the same period last year, the company posted $1.54 earnings per share. The company had revenue of $24.40 billion for 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. On average, equities analysts anticipate that JPMorgan Chase & Co. will post $5.65 EPS for the current fiscal year.

In related news, COO Matthew E. Zames sold 3,991 shares of the 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 directly owns 282,287 shares of the company’s stock, valued at $18,040,962.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gordon Smith sold 23,735 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 152,462 shares of the company’s stock, valued at $9,765,191.10. The disclosure for this sale can be found here.

Several hedge funds have added to or reduced their stakes in the stock. First Heartland Consultants Inc. boosted its stake in JPMorgan Chase & Co. by 0.5% in the fourth quarter. First Heartland Consultants Inc. now owns 26,189 shares of the financial services provider’s stock worth $1,729,000 after buying an additional 119 shares during the last quarter. Van Strum & Towne Inc. boosted its stake in JPMorgan Chase & Co. by 0.3% in the fourth quarter. Van Strum & Towne Inc. now owns 46,439 shares of the financial services provider’s stock worth $3,066,000 after buying an additional 140 shares during the last quarter. Midwest Investment Management LLC boosted its stake in JPMorgan Chase & Co. by 0.8% in the fourth quarter. Midwest Investment Management LLC now owns 49,251 shares of the financial services provider’s stock worth $3,252,000 after buying an additional 377 shares during the last quarter. Greenleaf Trust boosted its stake in JPMorgan Chase & Co. by 4.7% in the fourth quarter. Greenleaf Trust now owns 18,911 shares of the financial services provider’s stock worth $1,249,000 after buying an additional 850 shares during the last quarter. Finally, Fishman Jay A Ltd. MI boosted its stake in JPMorgan Chase & Co. by 0.3% in the fourth quarter. Fishman Jay A Ltd. MI now owns 317,625 shares of the financial services provider’s stock worth $20,973,000 after buying an additional 862 shares during 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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