Traders sold shares of JPMorgan Chase & Co. (NYSE:JPM) on strength during trading on Monday. $119.43 million flowed into the stock on the tick-up and $183.10 million flowed out of the stock on the tick-down, for a money net flow of $63.67 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 $0.73 for the day and closed at $66.95

JPM has been the topic of several recent research reports. Deutsche Bank AG restated a “buy” rating and set a $70.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, May 18th. Bank of America Corp. restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 17th. Societe Generale restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 6th. Robert W. Baird restated an “outperform” rating and set a $75.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, June 6th. Finally, Citigroup Inc. downgraded JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research report on Monday, August 8th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $71.50.

The stock’s 50-day moving average is $64.82 and its 200-day moving average is $62.14. The firm has a market capitalization of $241.79 billion and a PE ratio of 11.35.

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

In related news, EVP Gordon Smith sold 23,735 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 152,462 shares in the company, valued at approximately $9,765,191.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashley Bacon sold 15,521 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $63.97, for a total transaction of $992,878.37. Following the transaction, the insider now owns 14,938 shares in the company, valued at $955,583.86. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of JPM. Pettyjohn Wood & White Inc. increased its position in shares of JPMorgan Chase & Co. by 8.4% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 27,644 shares of the financial services provider’s stock valued at $1,825,000 after buying an additional 2,143 shares during the last quarter. Private Capital Management Inc. purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $1,961,000. Dorsey & Whitney Trust CO LLC increased its position in shares of JPMorgan Chase & Co. by 2.6% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 38,665 shares of the financial services provider’s stock valued at $2,553,000 after buying an additional 980 shares during the last quarter. ProVise Management Group LLC increased its position in shares of JPMorgan Chase & Co. by 11.2% in the fourth quarter. ProVise Management Group LLC now owns 42,537 shares of the financial services provider’s stock valued at $2,809,000 after buying an additional 4,300 shares during the last quarter. Finally, Van Strum & Towne Inc. increased its position in shares of 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 valued at $3,066,000 after buying an additional 140 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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