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

JPMorgan Chase & Co. (NYSE:JPM) – Stock analysts at Seaport Res Ptn cut their Q2 2024 EPS estimates for JPMorgan Chase & Co. in a research note issued to investors on Monday, April 15th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will earn $4.01 per share for the quarter, down from their previous 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.

JPM has been the topic of several other reports. Barclays upped their price target on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Oppenheimer cut their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Morgan Stanley dropped their target price on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Stock Down 0.4 %

JPM traded down $0.72 during trading on Wednesday, hitting $180.08. The company had a trading volume of 8,970,141 shares, compared to its average volume of 9,418,890. The company 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. The business has a 50-day moving average of $188.39 and a 200-day moving average 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. JPMorgan Chase & Co. has a 1-year low of $131.81 and a 1-year high of $200.94.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Large investors have recently made changes to their positions in the business. Stone House Investment Management LLC boosted its position in shares of JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $40,000. Bare Financial Services Inc bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $35,000. Partnership Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $36,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $40,000. Institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction dated Friday, February 16th. The shares were 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 owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the transaction, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Insiders sold 1,020,696 shares of company stock worth $186,794,151 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Increases Dividend

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

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.