JPMorgan Chase & Co. (NYSE:JPM) – Equities research analysts at Jefferies Group raised their Q4 2017 earnings per share (EPS) estimates for shares of JPMorgan Chase & Co. in a research note issued on Monday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings of $1.78 per share for the quarter, up from their prior estimate of $1.74. Jefferies Group currently has a “Buy” rating and a $111.00 price target on the stock.
Several other research firms have also recently weighed in on JPM. Barclays increased their price objective on JPMorgan Chase & Co. from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Credit Suisse Group reiterated a “buy” rating and set a $110.00 price objective (up previously from $103.00) on shares of JPMorgan Chase & Co. in a research report on Monday, October 9th. They noted that the move was a valuation call. Oppenheimer reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, October 12th. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $99.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Finally, Wells Fargo & Co set a $120.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $93.64.
JPMorgan Chase & Co. (JPM) opened at $110.25 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $382,540.00, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $110.70.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.09. The firm had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.58 EPS.
Large investors have recently added to or reduced their stakes in the stock. Private Vista LLC acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at about $102,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at about $102,000. Welch Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at about $103,000. Legacy Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at about $106,000. Finally, Atlantic Trust LLC acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at about $136,000. 73.76% of the stock is currently owned by institutional investors and hedge funds.
In related news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.88% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.14%.
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About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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