JPMorgan Chase & Co. (NYSE:JPM) announced a quarterly dividend on Tuesday, December 10th, RTT News reports. Investors of record on Monday, January 6th will be paid a dividend of 0.90 per share by the financial services provider on Friday, January 31st. This represents a $3.60 annualized dividend and a dividend yield of 2.68%.
NYSE JPM traded down $0.33 on Wednesday, hitting $134.17. 2,731,048 shares of the stock were exchanged, compared to its average volume of 11,889,848. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $135.78. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $423.55 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 1.90 and a beta of 1.23. The company’s 50-day moving average price is $129.66 and its two-hundred day moving average price is $116.84.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.45 by $0.23. The company had revenue of $29.34 billion during the quarter, compared to analyst estimates of $28.36 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 earnings per share. Equities analysts predict that JPMorgan Chase & Co. will post 10.17 EPS for the current fiscal year.
In other news, insider Nicole Giles sold 863 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $126.73, for a total transaction of $109,367.99. Following the transaction, the insider now owns 8,949 shares of the company’s stock, valued at approximately $1,134,106.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Daniel E. Pinto sold 64,198 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $130.91, for a total value of $8,404,160.18. Following the transaction, the chief executive officer now directly owns 451,481 shares in the company, valued at approximately $59,103,377.71. The disclosure for this sale can be found here. Insiders sold 152,944 shares of company stock worth $19,088,970 in the last 90 days. 0.76% of the stock is currently owned by corporate insiders.
JPM has been the topic of a number of research analyst reports. ValuEngine upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Credit Suisse Group increased their price objective on JPMorgan Chase & Co. from $135.00 to $138.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Morgan Stanley restated a “buy” rating and set a $141.00 price objective (up from $138.00) on shares of JPMorgan Chase & Co. in a research report on Monday, November 18th. Keefe, Bruyette & Woods cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 target price on the stock. in a research note on Monday. Finally, Societe Generale cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $124.30.
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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
See Also: What are the components of an earnings report?
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.