JPMorgan Chase (NYSE:JPM) announced its quarterly earnings results on Friday. The financial services provider reported $2.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09, Morningstar.com reports. JPMorgan Chase had a return on equity of 11.63% and a net margin of 21.46%. The company had revenue of $27.90 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same period in the prior year, the firm posted $1.65 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis.
NYSE JPM traded down $3.07 during mid-day trading on Friday, reaching $110.30. 39,152,760 shares of the company’s stock traded hands, compared to its average volume of 15,881,819. JPMorgan Chase has a 1-year low of $81.64 and a 1-year high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. The firm has a market cap of $389,081.19, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.91 and a beta of 1.24.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.03%. JPMorgan Chase’s dividend payout ratio (DPR) is presently 32.61%.
A number of equities research analysts have recently issued reports on JPM shares. Argus increased their target price on JPMorgan Chase from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Nomura set a $115.00 target price on JPMorgan Chase and gave the company a “neutral” rating in a research note on Friday, January 12th. Credit Suisse Group reiterated an “outperform” rating and issued a $125.00 target price (up previously from $120.00) on shares of JPMorgan Chase in a research note on Tuesday, January 16th. Barclays increased their target price on JPMorgan Chase from $105.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Wells Fargo set a $120.00 target price on JPMorgan Chase and gave the company a “buy” rating in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have assigned a buy rating to the company. JPMorgan Chase currently has a consensus rating of “Hold” and a consensus target price of $112.47.
In other JPMorgan Chase news, insider Peter Scher sold 26,532 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James S. Crown bought 7,280 shares of JPMorgan Chase stock in a transaction on Thursday, January 18th. The shares were purchased at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the acquisition, the director now owns 305,875 shares in the company, valued at $34,677,048.75. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 152,047 shares of company stock worth $17,098,115. 0.88% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Financial Gravity Companies Inc. bought a new stake in shares of JPMorgan Chase in the 4th quarter worth approximately $104,000. Keeler Thomas Management LLC bought a new stake in shares of JPMorgan Chase in the 4th quarter worth approximately $112,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of JPMorgan Chase in the 3rd quarter worth approximately $102,000. Welch Investments LLC bought a new stake in shares of JPMorgan Chase in the 3rd quarter worth approximately $103,000. Finally, Cerebellum GP LLC bought a new stake in shares of JPMorgan Chase in the 4th quarter worth approximately $119,000. 74.50% of the stock is currently owned by institutional investors.
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About JPMorgan Chase
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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