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 stocks 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 reiterated a “buy” rating and issued a $72.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 18th. Vetr downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $65.34 price objective for the company. in a research report on Thursday, June 9th. Sanford C. Bernstein downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $65.72 to $67.00 in a research report on Tuesday, August 16th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $71.50.

The stock has a market cap of $239.15 billion and a P/E ratio of 11.22. The company’s 50 day moving average price is $64.68 and its 200 day moving average price is $61.95.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Thursday, July 14th. The financial services provider reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.12. During the same quarter in the previous year, the company posted $1.54 earnings per share. The firm earned $24.40 billion during the quarter, compared to the consensus estimate of $23.84 billion. The firm’s revenue was up 2.5% on a year-over-year basis. Equities research analysts anticipate that JPMorgan Chase & Co. will post $5.65 EPS for the current year.

In related news, EVP Gordon Smith sold 23,735 shares of the stock in a transaction on Friday, July 15th. The stock was sold at an average price of $64.05, for a total value of $1,520,226.75. Following the completion of the sale, the executive vice president now directly owns 152,462 shares in the company, 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 on Friday, July 15th. The shares were sold at an average price of $63.91, for a total value of $255,064.81. Following the completion of the sale, the chief operating officer now owns 282,287 shares of the company’s stock, valued at $18,040,962.17. The disclosure for this sale can be found here.

A number of hedge funds recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in JPMorgan Chase & Co. by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 24,673,028 shares of the financial services provider’s stock worth $1,629,271,000 after buying an additional 177,169 shares during the last quarter. I.G. Investment Management LTD. increased its stake in JPMorgan Chase & Co. by 6.5% in the fourth quarter. I.G. Investment Management LTD. now owns 3,257,643 shares of the financial services provider’s stock worth $215,102,000 after buying an additional 198,448 shares during the last quarter. Teacher Retirement System of Texas increased its stake in JPMorgan Chase & Co. by 1.5% in the fourth quarter. Teacher Retirement System of Texas now owns 2,752,580 shares of the financial services provider’s stock worth $181,753,000 after buying an additional 41,581 shares during the last quarter. RidgeWorth Capital Management LLC increased its stake in JPMorgan Chase & Co. by 10.2% in the fourth quarter. RidgeWorth Capital Management LLC now owns 1,590,316 shares of the financial services provider’s stock worth $105,009,000 after buying an additional 146,704 shares during the last quarter. Finally, King Luther Capital Management Corp increased its stake in JPMorgan Chase & Co. by 0.4% in the fourth quarter. King Luther Capital Management Corp now owns 1,550,621 shares of the financial services provider’s stock worth $102,388,000 after buying an additional 6,894 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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