JPMorgan Chase & Co. (NYSE:JPM – Get Rating) – Equities research analysts at Seaport Res Ptn upped their FY2022 earnings per share (EPS) estimates for JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, January 5th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will post earnings per share of $11.87 for the year, up from their previous estimate of $11.80. The consensus estimate for JPMorgan Chase & Co.’s current full-year earnings is $11.68 per share. Seaport Res Ptn also issued estimates for JPMorgan Chase & Co.’s Q1 2023 earnings at $3.86 EPS, Q2 2023 earnings at $3.63 EPS, Q3 2023 earnings at $3.31 EPS, Q4 2023 earnings at $3.21 EPS and FY2024 earnings at $13.90 EPS.
Other research analysts have also recently issued reports about the company. The Goldman Sachs Group reduced their price objective on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, October 4th. Deutsche Bank Aktiengesellschaft reduced their price target on JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, September 12th. StockNews.com began coverage on JPMorgan Chase & Co. in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Royal Bank of Canada set a $130.00 price target on JPMorgan Chase & Co. in a research report on Thursday. Finally, Jefferies Financial Group set a $117.00 price objective on JPMorgan Chase & Co. in a report on Monday, September 12th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $143.67.
JPMorgan Chase & Co. Trading Down 0.0 %
Shares of NYSE:JPM opened at $135.35 on Friday. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $169.81. The stock has a market cap of $397.01 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 2.11 and a beta of 1.13. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.13. The business has a 50-day moving average price of $132.63 and a 200-day moving average price of $120.83.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings results on Friday, October 14th. The financial services provider reported $3.12 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.16. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The business had revenue of $32.72 billion during the quarter, compared to the consensus estimate of $31.88 billion. During the same quarter last year, the company earned $3.74 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis.
JPMorgan Chase & Co. Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.96%. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.78%.
Insider Activity at JPMorgan Chase & Co.
In related news, CEO Mary E. Erdoes sold 33,515 shares of the business’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $115.77, for a total value of $3,880,031.55. Following the sale, the chief executive officer now owns 533,795 shares in the company, valued at approximately $61,797,447.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 33,515 shares of the company’s stock in a transaction dated Monday, October 17th. The stock was 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 approximately $61,797,447.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas B. Petno sold 5,139 shares of the company’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $642,477.78. Following the sale, the chief executive officer now owns 248,011 shares in the company, valued at approximately $31,006,335.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,964 shares of company stock worth $4,936,426. 0.79% of the stock is currently owned by company insiders.
Institutional Trading of JPMorgan Chase & Co.
A number of large investors have recently made changes to their positions in the company. Grayhawk Investment Strategies Inc. purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $32,000. HBC Financial Services PLLC raised its stake in shares of JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after buying an additional 90 shares in the last quarter. Financial Connections Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 48.5% during the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock worth $34,000 after buying an additional 100 shares in the last quarter. Horizons Wealth Management purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $39,000. Finally, New Millennium Group LLC purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $39,000. 67.89% of the stock is owned by institutional investors and hedge funds.
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.
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