JPMorgan Chase & Co. (NYSE:JPM – Get Rating) – Stock analysts at Zacks Research upped their FY2022 EPS estimates for JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, December 12th. Zacks Research analyst S. Shah now anticipates that the financial services provider will earn $11.49 per share for the year, up from their previous forecast of $11.43. The consensus estimate for JPMorgan Chase & Co.’s current full-year earnings is $11.68 per share.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings results on Friday, October 14th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.16. The firm had revenue of $32.72 billion during the quarter, compared to analysts’ expectations of $31.88 billion. JPMorgan Chase & Co. had a net margin of 26.85% and a return on equity of 14.52%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.74 earnings per share.
A number of other research analysts have also recently issued reports on the stock. Morgan Stanley raised shares of JPMorgan Chase & Co. from an “underweight” rating to an “overweight” rating and increased their target price for the company from $126.00 to $153.00 in a report on Tuesday, December 6th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating for the company in a report on Monday, September 12th. Piper Sandler assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, December 8th. They issued an “overweight” rating and a $150.00 target price for the company. Oppenheimer dropped their target price on shares of JPMorgan Chase & Co. to $154.00 in a report on Thursday, October 20th. Finally, Citigroup increased their price target on shares of JPMorgan Chase & Co. from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Monday. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average target price of $145.63.
JPMorgan Chase & Co. Trading Down 0.5 %
Shares of JPMorgan Chase & Co. stock opened at $133.41 on Thursday. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $169.81. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.13. The stock has a market cap of $391.32 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 2.26 and a beta of 1.15. The company has a 50-day moving average of $126.85 and a two-hundred day moving average of $119.87.
Hedge Funds Weigh In On JPMorgan Chase & Co.
Large investors have recently bought and sold shares of the stock. Dravo Bay LLC purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at $26,000. HBC Financial Services PLLC raised its stake in shares of JPMorgan Chase & Co. by 61.2% in the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 90 shares during the period. Grayhawk Investment Strategies Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $32,000. Financial Connections Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 48.5% in the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 100 shares during the period. Finally, Advanced Research Investment Solutions LLC raised its stake in shares of JPMorgan Chase & Co. by 118.2% in the 1st quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 156 shares during the period. Hedge funds and other institutional investors own 68.57% of the company’s stock.
Insider Buying and Selling
In related news, CEO Mary E. Erdoes sold 33,515 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the sale, the chief executive officer now owns 533,795 shares in the company, valued at $61,797,447.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 33,515 shares of the stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the transaction, the chief executive officer now owns 533,795 shares of the company’s stock, valued at $61,797,447.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the transaction, the chief executive officer now directly owns 248,011 shares in the company, valued at approximately $31,006,335.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,964 shares of company stock worth $4,936,426. 0.79% of the stock is owned by insiders.
JPMorgan Chase & Co. Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.00%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 33.78%.
JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.
Further Reading
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