Jefferies Group Analysts Reduce Earnings Estimates for JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (NYSE:JPM) – Jefferies Group dropped their Q4 2018 earnings estimates for JPMorgan Chase & Co. in a research report issued to clients and investors on Monday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings of $2.12 per share for the quarter, down from their prior estimate of $2.25. Jefferies Group currently has a “Buy” rating and a $111.00 target price on the stock.

Other research analysts have also recently issued reports about the stock. DZ Bank raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research report on Thursday. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $86.00 to $91.00 and gave the company a “market perform” rating in a research report on Friday, October 13th. Buckingham Research raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Thursday, December 21st. Finally, Nomura set a $115.00 price target on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday, January 12th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $105.81.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down $0.25 during midday trading on Thursday, reaching $113.01. 18,785,468 shares of the company were exchanged, compared to its average volume of 14,000,000. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $114.34. The stock has a market cap of $392,110.00, a PE ratio of 17.71, a P/E/G ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same period last year, the company posted $1.71 EPS. JPMorgan Chase & Co.’s revenue was up 3.3% on a year-over-year basis.

Several hedge funds have recently made changes to their positions in the company. Capital Asset Advisory Services LLC bought a new stake in JPMorgan Chase & Co. during the second quarter valued at approximately $1,041,000. Factory Mutual Insurance Co. grew its position in JPMorgan Chase & Co. by 4.9% during the second quarter. Factory Mutual Insurance Co. now owns 2,572,450 shares of the financial services provider’s stock valued at $235,122,000 after buying an additional 120,000 shares during the period. BKD Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 3.8% during the second quarter. BKD Wealth Advisors LLC now owns 44,629 shares of the financial services provider’s stock valued at $4,079,000 after buying an additional 1,625 shares during the period. Cardinal Capital Management Inc. grew its position in JPMorgan Chase & Co. by 7.7% during the second quarter. Cardinal Capital Management Inc. now owns 153,473 shares of the financial services provider’s stock valued at $14,027,000 after buying an additional 10,973 shares during the period. Finally, Highwater Wealth Management LLC grew its position in JPMorgan Chase & Co. by 27.6% during the second quarter. Highwater Wealth Management LLC now owns 3,968 shares of the financial services provider’s stock valued at $363,000 after buying an additional 858 shares during the period. Hedge funds and other institutional investors own 73.78% of the company’s stock.

In related news, Director James S. Crown purchased 7,280 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 18th. The stock was purchased at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the completion of the purchase, the director now directly owns 305,875 shares of the company’s stock, valued at approximately $34,677,048.75. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ashley Bacon sold 16,434 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the sale, the insider now owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The disclosure for this sale can be found here. Insiders sold 127,614 shares of company stock valued at $14,302,869 over the last quarter. Company insiders own 0.88% of the company’s stock.

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

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

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