JPMorgan Chase & Co. (NYSE:JPM) – Stock analysts at Jefferies Group lowered their Q4 2018 earnings estimates for JPMorgan Chase & Co. in a report 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 prior forecast of $2.25. Jefferies Group currently has a “Buy” rating and a $111.00 price objective on the stock.

JPMorgan Chase & Co. (NYSE:JPM) last issued its 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. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the prior year, the business earned $1.71 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis.

Other research analysts have also recently issued reports about the stock. DZ Bank upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Thursday. BMO Capital Markets increased their price target on shares of JPMorgan Chase & Co. from $86.00 to $91.00 and gave the company a “market perform” rating in a research report on Friday, October 13th. Buckingham Research raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Thursday, December 21st. Finally, Nomura set a $115.00 price target on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $105.81.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down $0.25 during trading on Thursday, reaching $113.01. 18,785,468 shares of the company’s stock traded hands, compared to its average volume of 14,000,000. 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 one year low of $81.64 and a one year high of $114.34. The company has a market cap of $392,110.00, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22.

A number of institutional investors and hedge funds have recently bought and sold shares of JPM. Jackson Grant Investment Advisers Inc. grew its stake in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 12 shares during the period. IPG Investment Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 0.3% during the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 17 shares during the period. Sunbelt Securities Inc. grew its stake in shares of JPMorgan Chase & Co. by 0.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 26 shares during the period. Fort Pitt Capital Group LLC grew its stake in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 9,084 shares of the financial services provider’s stock worth $830,000 after purchasing an additional 37 shares during the period. Finally, Financial Consulate Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 44 shares during the period. 73.78% of the stock is owned by institutional investors.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mary E. Erdoes sold 65,101 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the transaction, the chief executive officer now directly owns 479,882 shares of the company’s stock, valued at $53,866,754.50. 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 ninety days. 0.88% of the stock is currently owned by insiders.

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

TRADEMARK VIOLATION NOTICE: “Jefferies Group Weighs in on JPMorgan Chase & Co.’s Q4 2018 Earnings (JPM)” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.watchlistnews.com/jefferies-group-weighs-in-on-jpmorgan-chase-co-s-q4-2018-earnings-jpm/1814472.html.

About JPMorgan Chase & Co.

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)

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.