JPMorgan Chase & Co. (NYSE:JPM) – Stock analysts at Jefferies Group lifted their Q3 2016 earnings estimates for shares of JPMorgan Chase & Co. in a research note issued to investors on Monday. Jefferies Group analyst K. Usdin now anticipates that the brokerage will post earnings of $1.39 per share for the quarter, up from their previous estimate of $1.35. Jefferies Group has a “Buy” rating and a $77.00 price objective on the stock. Jefferies Group also issued estimates for JPMorgan Chase & Co.’s FY2016 earnings at $5.56 EPS, Q1 2017 earnings at $1.56 EPS, Q2 2017 earnings at $1.56 EPS, Q3 2017 earnings at $1.57 EPS, Q4 2017 earnings at $1.51 EPS, FY2017 earnings at $6.20 EPS and FY2018 earnings at $7.00 EPS.

A number of other research firms have also issued reports on JPM. Compass Point assumed coverage on shares of JPMorgan Chase & Co. in a report on Tuesday. They issued a “sell” rating on the stock. Sandler O’Neill lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a report on Thursday, October 6th. Nomura dropped their price objective on shares of JPMorgan Chase & Co. from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, September 7th. Credit Agricole SA upped their price objective on shares of JPMorgan Chase & Co. from $71.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, September 23rd. Finally, Macquarie downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $72.00 to $70.00 in a research note on Friday, September 9th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-three have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $72.25.

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

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 0.63% on Tuesday, reaching $68.21. 7,261,699 shares of the company were exchanged. The company has a 50-day moving average price of $66.80 and a 200 day moving average price of $63.86. The stock has a market capitalization of $246.34 billion, a PE ratio of 11.56 and a beta of 1.54. JPMorgan Chase & Co. has a 1-year low of $52.50 and a 1-year high of $69.06.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Thursday, July 14th. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.12. JPMorgan Chase & Co. had a net margin of 24.47% and a return on equity of 10.20%. The company earned $24.40 billion during the quarter, compared to the consensus estimate of $23.84 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis.

Several institutional investors have recently added to or reduced their stakes in the stock. Thomaspartners Inc. raised its position in JPMorgan Chase & Co. by 2.8% in the first quarter. Thomaspartners Inc. now owns 2,209,051 shares of the financial services provider’s stock worth $130,820,000 after buying an additional 59,821 shares during the period. Royal Bank of Scotland Group PLC raised its position in JPMorgan Chase & Co. by 0.6% in the first quarter. Royal Bank of Scotland Group PLC now owns 533,397 shares of the financial services provider’s stock worth $31,588,000 after buying an additional 3,010 shares during the period. Aviva PLC raised its position in JPMorgan Chase & Co. by 1.4% in the first quarter. Aviva PLC now owns 2,598,743 shares of the financial services provider’s stock worth $153,898,000 after buying an additional 35,131 shares during the period. Marathon Asset Management LLP raised its position in JPMorgan Chase & Co. by 1.9% in the second quarter. Marathon Asset Management LLP now owns 398,477 shares of the financial services provider’s stock worth $24,763,000 after buying an additional 7,247 shares during the period. Finally, Raymond James Trust N.A. raised its position in JPMorgan Chase & Co. by 4.2% in the second quarter. Raymond James Trust N.A. now owns 263,857 shares of the financial services provider’s stock worth $16,396,000 after buying an additional 10,699 shares during the period. Institutional investors and hedge funds own 73.34% of the company’s stock.

In related news, EVP Gordon Smith sold 23,735 shares of the stock in a transaction on Friday, July 15th. The stock was sold at an average price of $64.05, for a total value of $1,520,226.75. Following the completion of the transaction, the executive vice president now owns 152,462 shares in the company, valued at approximately $9,765,191.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Matthew E. Zames sold 3,991 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $63.91, for a total value of $255,064.81. Following the completion of the transaction, the chief operating officer now owns 282,287 shares of the company’s stock, valued at approximately $18,040,962.17. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Tuesday, October 4th. JPMorgan Chase & Co.’s payout ratio is currently 32.54%.

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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

Receive News & Stock 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 stocks with our FREE daily email newsletter.