JPMorgan Chase & Co. Expected to Post Q4 2017 Earnings of $1.78 Per Share (JPM)

JPMorgan Chase & Co. (NYSE:JPM) – Analysts at Jefferies Group increased their Q4 2017 earnings per share (EPS) estimates for shares of JPMorgan Chase & Co. in a research note issued to investors on Monday, according to Zacks Investment Research. Jefferies Group analyst K. Usdin now expects that the financial services provider will earn $1.78 per share for the quarter, up from their previous forecast of $1.74. Jefferies Group has a “Buy” rating and a $111.00 price objective on the stock.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Co set a $130.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Wednesday. DZ Bank raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Thursday. UBS Group reissued a “buy” rating and set a $125.00 target price (up from $119.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday. Finally, BMO Capital Markets boosted their target price on JPMorgan Chase & Co. from $86.00 to $91.00 and gave the stock a “market perform” rating in a research note on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $105.81.

JPMorgan Chase & Co. (NYSE JPM) traded up $0.07 during mid-day trading on Tuesday, hitting $113.06. The company had a trading volume of 7,116,247 shares, compared to its average volume of 14,944,164. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. The stock has a market cap of $393,260.00, a P/E ratio of 17.72, a PEG ratio of 2.00 and a beta of 1.22. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $113.43.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The firm had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.71 EPS.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC raised its stake in JPMorgan Chase & Co. by 517.3% during the 2nd quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock valued at $507,632,000 after acquiring an additional 4,654,113 shares during the last quarter. Stifel Financial Corp raised its stake in JPMorgan Chase & Co. by 9,301.6% during the 3rd quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock valued at $415,662,000 after acquiring an additional 4,305,449 shares during the last quarter. Alliancebernstein L.P. raised its stake in JPMorgan Chase & Co. by 29.2% during the 2nd quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock valued at $1,595,542,000 after acquiring an additional 3,945,948 shares during the last quarter. Vanguard Group Inc. raised its stake in JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after acquiring an additional 3,717,683 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in JPMorgan Chase & Co. by 40.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock valued at $892,886,000 after acquiring an additional 2,828,726 shares during the last quarter. 73.78% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Marianne Lake sold 9,194 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,031,750.68. Following the completion of the transaction, the chief financial officer now directly owns 49,637 shares of the company’s stock, valued at approximately $5,570,264.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ashley Bacon sold 16,434 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total value of $1,844,223.48. Following the completion of the sale, the insider now directly owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,614 shares of company stock valued at $14,302,869. Insiders own 0.88% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.

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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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Earnings History and Estimates for JPMorgan Chase & Co. (NYSE:JPM)

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