Traders sold shares of J P Morgan Chase & Co (NYSE:JPM) on strength during trading hours on Monday. $158.55 million flowed into the stock on the tick-up and $189.72 million flowed out of the stock on the tick-down, for a money net flow of $31.17 million out of the stock. Of all equities tracked, J P Morgan Chase & Co had the 0th highest net out-flow for the day. J P Morgan Chase & Co traded up $0.81 for the day and closed at $91.70

A number of research firms recently commented on JPM. Vetr upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 target price on the stock in a research report on Wednesday. Zacks Investment Research downgraded J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. BMO Capital Markets reiterated a “hold” rating and issued a $86.00 target price on shares of J P Morgan Chase & Co in a research report on Friday, August 25th. Keefe, Bruyette & Woods set a $96.00 target price on J P Morgan Chase & Co and gave the stock a “hold” rating in a research report on Saturday, August 19th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $95.00 target price on shares of J P Morgan Chase & Co in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $85.59.

The stock has a 50-day moving average of $91.83 and a 200 day moving average of $89.03. The stock has a market cap of $314.94 billion, a P/E ratio of 13.20 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The business had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Equities analysts expect that J P Morgan Chase & Co will post $6.81 EPS for the current year.

In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $91.58, for a total value of $1,611,441.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 9,968 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $90.55, for a total transaction of $902,602.40. Following the completion of the transaction, the general counsel now owns 10,527 shares of the company’s stock, valued at approximately $953,219.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,564 shares of company stock valued at $2,605,334. Insiders own 0.88% of the company’s stock.

Large investors have recently bought and sold shares of the business. CHURCHILL MANAGEMENT Corp acquired a new position in shares of J P Morgan Chase & Co in the first quarter worth $1,367,000. Stillwater Investment Management LLC grew its stake in shares of J P Morgan Chase & Co by 2.3% in the first quarter. Stillwater Investment Management LLC now owns 37,725 shares of the financial services provider’s stock worth $3,314,000 after acquiring an additional 852 shares in the last quarter. Gillespie Robinson & Grimm Inc. grew its stake in shares of J P Morgan Chase & Co by 10.4% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 95,957 shares of the financial services provider’s stock worth $8,429,000 after acquiring an additional 9,020 shares in the last quarter. Gradient Investments LLC grew its stake in shares of J P Morgan Chase & Co by 9.1% in the second quarter. Gradient Investments LLC now owns 75,929 shares of the financial services provider’s stock worth $6,940,000 after acquiring an additional 6,365 shares in the last quarter. Finally, Cohen Lawrence B grew its stake in shares of J P Morgan Chase & Co by 0.8% in the first quarter. Cohen Lawrence B now owns 32,035 shares of the financial services provider’s stock worth $2,814,000 after acquiring an additional 240 shares in the last quarter. Institutional investors and hedge funds own 78.02% of the company’s stock.

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J P Morgan Chase & Co Company Profile

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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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