JPMorgan Chase & Co. (NYSE:JPM) – Analysts at Jefferies Group cut their Q4 2018 earnings per share estimates for shares of JPMorgan Chase & Co. in a research note issued on Monday. Jefferies Group analyst K. Usdin now anticipates that the financial services provider will earn $2.12 per share for the quarter, down from their previous estimate of $2.25. Jefferies Group currently has a “Buy” rating and a $111.00 target price on the stock.

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, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion for 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 firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.71 EPS.

JPM has been the topic of several other research reports. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 11th. Deutsche Bank downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and upped their price target for the stock from $90.00 to $96.00 in a research report on Tuesday, September 26th. Vining Sparks reiterated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 12th. Robert W. Baird reiterated a “hold” rating and set a $88.00 price target on shares of JPMorgan Chase & Co. in a research report on Thursday, September 21st. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $105.81.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up $0.25 during midday trading on Thursday, reaching $113.26. 14,570,000 shares of the company traded hands, compared to its average volume of 14,300,000. The firm has a market cap of $392,980.00, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 2.00 and a beta of 1.22. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $113.72.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. The ex-dividend date is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.

In other news, CEO Mary E. Erdoes sold 65,101 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total value of $7,307,587.25. Following the completion of the sale, the chief executive officer now directly owns 479,882 shares of the company’s stock, valued at approximately $53,866,754.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the sale, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The disclosure for this sale can be found here. Insiders have sold a total of 127,614 shares of company stock valued at $14,302,869 over the last three months. Company insiders own 0.88% of the company’s stock.

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

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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.

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

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