JPMorgan Chase & Co. (NYSE:JPM) – Equities research analysts at Jefferies Financial Group issued their Q4 2018 earnings per share estimates for JPMorgan Chase & Co. in a research note issued on Tuesday, October 9th. Jefferies Financial Group analyst K. Usdin forecasts that the financial services provider will post earnings of $2.28 per share for the quarter.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.28 by $0.06. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. During the same period in the previous year, the company posted $1.76 earnings per share.
Several other analysts have also recently commented on the company. Vining Sparks reissued a “buy” rating and issued a $125.00 price target on shares of JPMorgan Chase & Co. in a report on Friday. Goldman Sachs Group set a $130.00 price target on JPMorgan Chase & Co. and gave the company a “neutral” rating in a report on Friday. Citigroup raised their price target on JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, September 26th. Wolfe Research began coverage on JPMorgan Chase & Co. in a report on Tuesday, September 25th. They issued an “outperform” rating for the company. Finally, Bank of America raised their price target on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a report on Monday, September 17th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. has an average rating of “Buy” and a consensus target price of $121.99.
JPM opened at $106.95 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $387.26 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. JPMorgan Chase & Co. has a 12 month low of $94.96 and a 12 month high of $119.33.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, October 5th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 annualized dividend and a yield of 2.99%. JPMorgan Chase & Co.’s payout ratio is currently 46.58%.
In related news, CEO Gordon Smith sold 30,725 shares of JPMorgan Chase & Co. stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total transaction of $3,502,957.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.73% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in JPM. M&R Capital Management Inc. raised its holdings in shares of JPMorgan Chase & Co. by 0.9% in the fourth quarter. M&R Capital Management Inc. now owns 77,805 shares of the financial services provider’s stock worth $8,320,000 after acquiring an additional 661 shares during the last quarter. Rudman Errol M purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $1,711,000. Strategic Capital Advisers Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $277,000. Osterweis Capital Management Inc. grew its position in shares of JPMorgan Chase & Co. by 0.9% in the fourth quarter. Osterweis Capital Management Inc. now owns 264,256 shares of the financial services provider’s stock valued at $28,259,000 after purchasing an additional 2,261 shares during the period. Finally, Profund Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 67.4% in the fourth quarter. Profund Advisors LLC now owns 226,297 shares of the financial services provider’s stock valued at $24,200,000 after purchasing an additional 91,099 shares during the period. 70.56% of the stock is owned by institutional investors.
About JPMorgan Chase & Co.
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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