Investors bought shares of J P Morgan Chase & Co (NYSE:JPM) on weakness during trading hours on Monday. $171.53 million flowed into the stock on the tick-up and $124.37 million flowed out of the stock on the tick-down, for a money net flow of $47.16 million into the stock. Of all stocks tracked, J P Morgan Chase & Co had the 14th highest net in-flow for the day. J P Morgan Chase & Co traded down ($0.51) for the day and closed at $96.41

Several brokerages have recently weighed in on JPM. Credit Suisse Group reissued a “buy” rating and issued a $110.00 target price (up previously from $103.00) on shares of J P Morgan Chase & Co in a research note on Monday. They noted that the move was a valuation call. Citigroup Inc. increased their target price on shares of J P Morgan Chase & Co from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday. Deutsche Bank AG downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and increased their target price for the company from $90.00 to $96.00 in a research note on Tuesday, September 26th. Robert W. Baird reissued a “hold” rating and issued a $88.00 target price on shares of J P Morgan Chase & Co in a research note on Thursday, September 21st. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $102.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have assigned a buy rating to the company. J P Morgan Chase & Co currently has a consensus rating of “Hold” and an average price target of $88.87.

The company has a market capitalization of $339.22 billion, a P/E ratio of 14.22 and a beta of 1.18. The company has a 50 day moving average price of $92.72 and a 200-day moving average price of $89.44.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. The business had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 earnings per share. On average, equities analysts anticipate that J P Morgan Chase & Co will post $6.80 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.32%. This is a positive change from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 33.14%.

In related news, General Counsel Stacey Friedman sold 9,968 shares of the 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 sale, the general counsel now owns 10,527 shares of the company’s stock, valued at $953,219.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Marianne Lake sold 17,596 shares of the 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,564 shares of company stock worth $2,605,334. Corporate insiders own 0.88% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jackson Grant Investment Advisers Inc. boosted its stake in shares of J P Morgan Chase & Co by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 12 shares during the last quarter. IPG Investment Advisors LLC boosted its stake in J P Morgan Chase & Co by 0.3% in the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after buying an additional 17 shares during the last quarter. BSW Wealth Partners boosted its stake in J P Morgan Chase & Co by 0.5% in the 1st quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock worth $429,000 after buying an additional 26 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in J P Morgan Chase & Co by 0.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after buying an additional 26 shares during the last quarter. Finally, Financial Advisory Service Inc. boosted its stake in J P Morgan Chase & Co by 0.7% in the 1st quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock worth $442,000 after buying an additional 36 shares during the last quarter. 77.89% of the stock is currently owned by institutional investors and hedge funds.

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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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