JPMorgan Chase (NYSE:JPM) – Stock analysts at Jefferies Group lifted their Q2 2018 earnings per share estimates for JPMorgan Chase in a research note issued to investors on Sunday, April 15th. Jefferies Group analyst K. Usdin now expects that the financial services provider will earn $2.19 per share for the quarter, up from their prior forecast of $2.18. Jefferies Group currently has a “Buy” rating and a $122.00 target price on the stock.
Other analysts have also issued research reports about the company. Buckingham Research raised JPMorgan Chase from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Wells Fargo set a $120.00 price objective on JPMorgan Chase and gave the company a “buy” rating in a research note on Wednesday, December 20th. Credit Suisse Group raised JPMorgan Chase to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday, January 5th. Vining Sparks reissued a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase in a research note on Friday, January 12th. Finally, Argus raised their price target on JPMorgan Chase from $109.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have issued a buy rating to the stock. JPMorgan Chase has a consensus rating of “Hold” and an average price target of $112.10.
NYSE:JPM opened at $110.21 on Tuesday. The company has a market cap of $378,545.09, a PE ratio of 14.31, a P/E/G ratio of 1.86 and a beta of 1.24. JPMorgan Chase has a fifty-two week low of $81.64 and a fifty-two week high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19.
JPMorgan Chase (NYSE:JPM) last released its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. The firm had revenue of $27.90 billion during the quarter, compared to analyst estimates of $27.73 billion. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.03%. JPMorgan Chase’s payout ratio is presently 32.61%.
In related news, General Counsel Stacey Friedman sold 17,729 shares of JPMorgan Chase stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total value of $1,991,498.57. Following the completion of the sale, the general counsel now directly owns 21,260 shares in the company, valued at approximately $2,388,135.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James S. Crown acquired 7,280 shares of JPMorgan Chase stock in a transaction that occurred on Thursday, January 18th. The stock was acquired at an average price of $113.37 per share, with a total value of $825,333.60. Following the completion of the acquisition, the director now directly owns 305,875 shares in the company, valued at approximately $34,677,048.75. The disclosure for this purchase can be found here. 0.73% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JPM. Kohmann Bosshard Financial Services LLC purchased a new position in JPMorgan Chase in the third quarter worth about $102,000. Welch Investments LLC purchased a new position in JPMorgan Chase in the third quarter worth about $103,000. Financial Gravity Companies Inc. purchased a new position in JPMorgan Chase in the fourth quarter worth about $104,000. Legacy Advisors LLC purchased a new position in JPMorgan Chase in the third quarter worth about $106,000. Finally, Keeler Thomas Management LLC purchased a new position in JPMorgan Chase in the fourth quarter worth about $112,000. Institutional investors own 74.49% of the company’s stock.
About JPMorgan Chase
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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