Traders purchased shares of J P Morgan Chase & Co (NYSE:JPM) on weakness during trading hours on Thursday. $163.13 million flowed into the stock on the tick-up and $95.16 million flowed out of the stock on the tick-down, for a money net flow of $67.97 million into the stock. Of all equities tracked, J P Morgan Chase & Co had the 13th highest net in-flow for the day. J P Morgan Chase & Co traded down ($0.29) for the day and closed at $98.64

Several equities research analysts recently issued reports on JPM shares. Barclays PLC upped their price target on J P Morgan Chase & Co from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Keefe, Bruyette & Woods set a $96.00 price target on J P Morgan Chase & Co and gave the stock a “hold” rating in a report on Saturday, August 19th. Credit Suisse Group reiterated a “buy” rating and set a $110.00 price target (up previously from $103.00) on shares of J P Morgan Chase & Co in a report on Monday, October 9th. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of J P Morgan Chase & Co in a report on Thursday, October 12th. Finally, Morgan Stanley upped their price target on J P Morgan Chase & Co from $99.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $92.18.

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $343,259.97, a PE ratio of 14.26, a P/E/G ratio of 2.15 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The firm had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities analysts forecast that J P Morgan Chase & Co will post 6.91 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, October 5th. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s dividend payout ratio is currently 32.28%.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.88% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. David R. Rahn & Associates Inc. bought a new stake in shares of J P Morgan Chase & Co during the 2nd quarter valued at $1,458,000. Ironwood Investment Management LLC raised its stake in shares of J P Morgan Chase & Co by 61.9% during the 2nd quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 2,550 shares during the period. Gamble Jones Investment Counsel raised its stake in shares of J P Morgan Chase & Co by 0.6% during the 2nd quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock valued at $4,566,000 after purchasing an additional 276 shares during the period. Grove Bank & Trust raised its stake in shares of J P Morgan Chase & Co by 16.9% during the 2nd quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 1,417 shares during the period. Finally, Lee Danner & Bass Inc. raised its stake in shares of J P Morgan Chase & Co by 0.4% during the 2nd quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock valued at $1,599,000 after purchasing an additional 69 shares during the period. 78.59% of the stock is currently owned by hedge funds and other institutional investors.

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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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