JPMorgan Chase & Co. (NYSE:JPM – Free Report) – Stock analysts at Zacks Research lowered their Q2 2023 earnings per share estimates for shares of JPMorgan Chase & Co. in a report released on Wednesday, July 5th. Zacks Research analyst S. Shah now anticipates that the financial services provider will earn $3.50 per share for the quarter, down from their previous forecast of $3.53. The consensus estimate for JPMorgan Chase & Co.’s current full-year earnings is $14.47 per share. Zacks Research also issued estimates for JPMorgan Chase & Co.’s Q4 2023 earnings at $2.87 EPS, FY2023 earnings at $13.60 EPS, Q1 2024 earnings at $3.26 EPS, Q2 2024 earnings at $3.42 EPS, Q3 2024 earnings at $3.21 EPS, Q4 2024 earnings at $3.15 EPS, FY2024 earnings at $13.04 EPS, Q1 2025 earnings at $3.18 EPS and Q2 2025 earnings at $3.38 EPS.
Other equities analysts have also issued reports about the company. Jefferies Financial Group cut their price objective on JPMorgan Chase & Co. from $152.00 to $149.00 in a research note on Monday, May 15th. BMO Capital Markets raised their price target on JPMorgan Chase & Co. from $169.00 to $170.00 in a research report on Tuesday, May 2nd. Oppenheimer lifted their price objective on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research report on Monday, April 17th. Bank of America lifted their price objective on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, April 17th. Finally, The Goldman Sachs Group boosted their price target on JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.
JPMorgan Chase & Co. Stock Up 0.8 %
JPM opened at $144.34 on Monday. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $147.48. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $421.80 billion, a P/E ratio of 10.65, a P/E/G ratio of 1.99 and a beta of 1.10. The stock has a fifty day moving average of $139.48 and a 200-day moving average of $137.32.
JPMorgan Chase & Co. (NYSE:JPM – Free Report) last posted its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The business had revenue of $38.35 billion for the quarter, compared to analyst estimates of $35.77 billion. During the same period last year, the company earned $2.63 EPS. The firm’s revenue was up 24.8% on a year-over-year basis.
JPMorgan Chase & Co. Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.77%. JPMorgan Chase & Co.’s payout ratio is presently 29.52%.
Insider Activity at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the completion of the transaction, the chief executive officer now owns 566,665 shares of the company’s stock, valued at approximately $77,026,773.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Vice Chairman Peter Scher sold 1,240 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $135.02, for a total value of $167,424.80. Following the transaction, the insider now directly owns 45,056 shares of the company’s stock, valued at approximately $6,083,461.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Daniel E. Pinto sold 113,640 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $135.93, for a total value of $15,447,085.20. Following the completion of the sale, the chief executive officer now directly owns 566,665 shares in the company, valued at $77,026,773.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,861 shares of company stock worth $19,858,275. 0.79% of the stock is owned by company insiders.
Hedge Funds Weigh In On JPMorgan Chase & Co.
A number of large investors have recently bought and sold shares of the business. Cantor Fitzgerald Investment Advisor L.P raised its holdings in JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after acquiring an additional 99,636 shares during the last quarter. BCK Partners Inc. acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth $2,455,000. LSV Asset Management boosted its holdings in shares of JPMorgan Chase & Co. by 35.6% in the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after acquiring an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after buying an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC grew its holdings in JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 3,527 shares during the period. Institutional investors own 70.10% of the company’s stock.
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 deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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