Q3 2024 EPS Estimates for JPMorgan Chase & Co. (NYSE:JPM) Reduced by Analyst

JPMorgan Chase & Co. (NYSE:JPM) – Equities researchers at Seaport Res Ptn dropped their Q3 2024 EPS estimates for JPMorgan Chase & Co. in a note issued to investors on Monday, April 15th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will post earnings per share of $3.88 for the quarter, down from their previous estimate of $3.98. The consensus estimate for JPMorgan Chase & Co.’s current full-year earnings is $15.91 per share. Seaport Res Ptn also issued estimates for JPMorgan Chase & Co.’s Q4 2024 earnings at $3.66 EPS and Q2 2025 earnings at $4.07 EPS.

Several other equities analysts have also weighed in on the stock. Oppenheimer cut their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday. UBS Group cut their price objective on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a research report on Tuesday. Morgan Stanley lowered their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday. Bank of America increased their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, Evercore ISI increased their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $181.14 on Thursday. The firm has a market cap of $520.25 billion, a PE ratio of 10.94, a PEG ratio of 2.27 and a beta of 1.15. The firm’s 50 day moving average price is $188.61 and its 200 day moving average price is $168.59. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be paid a dividend of $1.15 per share. The ex-dividend date is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.54%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 6,030 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares in the company, valued at approximately $10,864,394.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Vice Chairman Peter Scher sold 1,810 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $323,917.60. Following the sale, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 6,030 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares in the company, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock worth $186,794,151 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.

Institutional Trading of JPMorgan Chase & Co.

Several large investors have recently made changes to their positions in JPM. Stone House Investment Management LLC boosted its holdings in JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after buying an additional 89 shares during the last quarter. Macroview Investment Management LLC boosted its holdings in JPMorgan Chase & Co. by 7,833.3% during the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after buying an additional 235 shares during the last quarter. Richardson Capital Management LLC bought a new position in JPMorgan Chase & Co. during the first quarter worth about $34,000. Bare Financial Services Inc bought a new position in JPMorgan Chase & Co. during the fourth quarter worth about $35,000. Finally, Partnership Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $36,000. Institutional investors own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

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.