JPMorgan Chase & Co. (NYSE:JPM) – Research analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for shares of JPMorgan Chase & Co. in a report issued on Monday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings of $8.60 per share for the year, up from their previous estimate of $7.65. Jefferies Group currently has a “Buy” rating and a $111.00 price target on the stock. Jefferies Group also issued estimates for JPMorgan Chase & Co.’s FY2019 earnings at $9.35 EPS.
Other equities analysts have also recently issued research reports about the company. Robert W. Baird reiterated a “hold” rating and issued a $88.00 price target on shares of JPMorgan Chase & Co. in a report on Thursday, September 21st. Deutsche Bank cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and raised their price target for the company from $90.00 to $96.00 in a report on Tuesday, September 26th. Citigroup raised their price target on JPMorgan Chase & Co. from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, October 6th. Credit Suisse Group reiterated a “buy” rating and issued a $110.00 price target (up previously from $103.00) on shares of JPMorgan Chase & Co. in a report on Monday, October 9th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $101.48.
Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up $1.83 during mid-day trading on Wednesday, hitting $112.67. The stock had a trading volume of 18,880,059 shares, compared to its average volume of 14,082,021. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $390,930.00, a PE ratio of 16.16, a PEG ratio of 2.04 and a beta of 1.22. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $112.85.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.71 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 32.14%.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction dated 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 owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.88% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $102,000. Welch Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $103,000. Legacy Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $106,000. Atlantic Trust LLC acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $136,000. Finally, Lipe & Dalton acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $143,000. 73.76% of the stock is currently owned by hedge funds and other institutional investors.
About JPMorgan 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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