JPMorgan Chase & Co. (NYSE:JPM) – Jefferies Group lifted their Q1 2018 EPS estimates for shares of JPMorgan Chase & Co. in a report released on Monday. Jefferies Group analyst K. Usdin now forecasts that the financial services provider will earn $2.12 per share for the quarter, up from their previous forecast of $2.04. Jefferies Group currently has a “Buy” rating and a $111.00 price objective on the stock. Jefferies Group also issued estimates for JPMorgan Chase & Co.’s Q2 2018 earnings at $2.13 EPS and Q3 2018 earnings at $2.24 EPS.
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 for the quarter, topping the consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.71 earnings per share.
JPMorgan Chase & Co. (NYSE:JPM) traded up $0.52 during mid-day trading on Wednesday, reaching $113.51. 4,296,666 shares of the company traded hands, compared to its average volume of 14,944,164. The firm has a market capitalization of $393,120.00, a P/E ratio of 17.79, a P/E/G ratio of 2.00 and a beta of 1.22. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $113.43. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $102,000. Welch Investments LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $103,000. Legacy Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $106,000. Atlantic Trust LLC bought a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $136,000. Finally, Lipe & Dalton bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $143,000. Hedge funds and other institutional investors own 73.78% of the company’s stock.
In other JPMorgan Chase & Co. news, 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 approximately $11,088,570.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 17,729 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the completion of the sale, the general counsel now directly owns 21,260 shares of the company’s stock, valued at $2,388,135.80. The disclosure for this sale can be found here. Insiders sold a total of 127,614 shares of company stock valued at $14,302,869 over the last three months. 0.88% of the stock is owned by corporate insiders.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 35.11%.
JPMorgan Chase & Co. Company Profile
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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