Investors purchased shares of J P Morgan Chase & Co (NYSE:JPM) on weakness during trading hours on Monday. $240.74 million flowed into the stock on the tick-up and $117.16 million flowed out of the stock on the tick-down, for a money net flow of $123.58 million into the stock. Of all stocks tracked, J P Morgan Chase & Co had the 2nd highest net in-flow for the day. J P Morgan Chase & Co traded down ($0.63) for the day and closed at $100.78

JPM has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Monday, July 31st. 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. Bank of America Corporation reiterated a “buy” rating and issued a $99.00 target price on shares of J P Morgan Chase & Co in a research report on Monday, July 17th. Vetr upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective for the company in a research report on Wednesday, September 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $102.00 price objective on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the company. J P Morgan Chase & Co currently has an average rating of “Hold” and a consensus target price of $91.83.

The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $351,864.91, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 2.20 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share 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 business 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 business earned $1.58 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. research analysts expect that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.22%. 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 32.28%.

In other J P Morgan Chase & Co 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 value of $214,014.04. Following the transaction, the general counsel now directly 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 SEC, which is accessible through this link. 0.88% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Naples Global Advisors LLC grew its holdings in shares of J P Morgan Chase & Co by 7.9% during the 1st quarter. Naples Global Advisors LLC now owns 10,304 shares of the financial services provider’s stock worth $905,000 after purchasing an additional 752 shares in the last quarter. Westwood Management Corp IL grew its holdings in shares of J P Morgan Chase & Co by 19.1% during the 1st quarter. Westwood Management Corp IL now owns 6,504 shares of the financial services provider’s stock worth $571,000 after purchasing an additional 1,044 shares in the last quarter. V Wealth Management LLC grew its holdings in shares of J P Morgan Chase & Co by 33.7% during the 1st quarter. V Wealth Management LLC now owns 14,280 shares of the financial services provider’s stock worth $1,252,000 after purchasing an additional 3,603 shares in the last quarter. Candriam Luxembourg S.C.A. grew its holdings in shares of J P Morgan Chase & Co by 7.4% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 528,553 shares of the financial services provider’s stock worth $46,430,000 after purchasing an additional 36,366 shares in the last quarter. Finally, Nationwide Fund Advisors grew its holdings in shares of J P Morgan Chase & Co by 0.5% during the 1st quarter. Nationwide Fund Advisors now owns 2,734,321 shares of the financial services provider’s stock worth $240,183,000 after purchasing an additional 13,809 shares in the last quarter. 77.94% of the stock is currently owned by hedge funds and other institutional investors.

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About J P Morgan Chase & Co

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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