Traders purchased shares of JPMorgan Chase & Co. (NYSE:JPM) on weakness during trading hours on Thursday. $165.64 million flowed into the stock on the tick-up and $112.85 million flowed out of the stock on the tick-down, for a money net flow of $52.79 million into the stock. Of all companies tracked, JPMorgan Chase & Co. had the 22nd highest net in-flow for the day. JPMorgan Chase & Co. traded down ($0.29) for the day and closed at $67.21

Several research analysts recently issued reports on the company. Vetr raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $68.05 target price on the stock in a research report on Tuesday, August 16th. Sanford C. Bernstein lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $65.72 to $67.00 in a report on Tuesday, August 16th. They noted that the move was a valuation call. Citigroup Inc. lowered JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a report on Monday, August 8th. They noted that the move was a valuation call. Argus reissued a “buy” rating and issued a $72.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 18th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $74.00 price objective (down from $77.00) on shares of JPMorgan Chase & Co. in a report on Sunday, July 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-two have assigned a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Buy” and an average target price of $71.50.

The company has a market capitalization of $243.74 billion and a PE ratio of 11.44. The company’s 50 day moving average is $65.30 and its 200-day moving average is $62.32.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Thursday, July 14th. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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. During the same quarter last year, the firm earned $1.54 EPS. The business’s revenue was up 2.5% on a year-over-year basis. Equities analysts forecast that JPMorgan Chase & Co. will post $5.65 EPS for the current year.

In other JPMorgan Chase & Co. news, COO Matthew E. Zames sold 3,991 shares of the business’s 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 transaction, the chief operating officer now owns 282,287 shares in the company, valued at approximately $18,040,962.17. The transaction 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 business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 152,462 shares in the company, valued at approximately $9,765,191.10. The disclosure for this sale can be found here.

A number of institutional investors have added to or reduced their stakes in JPM. Jacobus Wealth Management Inc. boosted its position in JPMorgan Chase & Co. by 0.8% in the fourth quarter. Jacobus Wealth Management Inc. now owns 224,971 shares of the financial services provider’s stock valued at $14,855,000 after buying an additional 1,746 shares during the last quarter. Deere & Co. boosted its position in JPMorgan Chase & Co. by 0.8% in the fourth quarter. Deere & Co. now owns 269,399 shares of the financial services provider’s stock valued at $17,788,000 after buying an additional 2,068 shares during the last quarter. Pettyjohn Wood & White Inc. boosted its position in 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. Veritable L.P. boosted its position in JPMorgan Chase & Co. by 7.7% in the fourth quarter. Veritable L.P. now owns 152,393 shares of the financial services provider’s stock valued at $10,063,000 after buying an additional 10,876 shares during the last quarter. Finally, RidgeWorth Capital Management LLC boosted its position 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 valued at $105,009,000 after buying an additional 146,704 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.