Q2 2024 EPS Estimates for JPMorgan Chase & Co. Reduced by Analyst (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPM) – Equities research analysts at Seaport Res Ptn dropped their Q2 2024 earnings per share estimates for JPMorgan Chase & Co. in a research report issued on Monday, April 15th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings of $4.01 per share for the quarter, down from their prior forecast of $4.14. The consensus estimate for JPMorgan Chase & Co.’s current full-year earnings is $15.88 per share. Seaport Res Ptn also issued estimates for JPMorgan Chase & Co.’s Q1 2025 earnings at $4.27 EPS.

A number of other research firms have also commented on JPM. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Oppenheimer cut their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday. Evercore ISI boosted their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Finally, Bank of America boosted their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. Trading Down 0.4 %

Shares of JPMorgan Chase & Co. stock traded down $0.72 during midday trading on Wednesday, reaching $180.08. The company had a trading volume of 8,970,141 shares, compared to its average volume of 9,418,890. The stock has a fifty day moving average price of $188.39 and a 200 day moving average price of $168.42. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market cap of $517.21 billion, a PE ratio of 10.93, a P/E/G ratio of 2.30 and a beta of 1.15. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week high of $200.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. New Mexico Educational Retirement Board boosted its position in JPMorgan Chase & Co. by 13.0% in the first quarter. New Mexico Educational Retirement Board now owns 171,850 shares of the financial services provider’s stock worth $34,422,000 after purchasing an additional 19,800 shares during the last quarter. Guidance Capital Inc. boosted its position in JPMorgan Chase & Co. by 146.3% in the first quarter. Guidance Capital Inc. now owns 7,664 shares of the financial services provider’s stock worth $1,402,000 after purchasing an additional 4,552 shares during the last quarter. Atticus Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 28.6% in the first quarter. Atticus Wealth Management LLC now owns 3,138 shares of the financial services provider’s stock worth $629,000 after purchasing an additional 698 shares during the last quarter. Foguth Wealth Management LLC. purchased a new position in JPMorgan Chase & Co. in the first quarter worth $220,000. Finally, Brown Miller Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 3.1% in the first quarter. Brown Miller Wealth Management LLC now owns 45,284 shares of the financial services provider’s stock worth $9,070,000 after purchasing an additional 1,359 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the completion of the sale, the insider now owns 202,093 shares in the company, valued at $36,174,647. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $179.00, for a total value of $602,872.00. Following the transaction, the insider now owns 202,093 shares of the company’s stock, valued at $36,174,647. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the transaction, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.55%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.