JPMorgan Chase & Co. (NYSE:JPM) – Analysts at Jefferies Group upped their Q4 2016 EPS estimates for JPMorgan Chase & Co. in a research note issued on Monday. Jefferies Group analyst K. Usdin now anticipates that the brokerage will post earnings per share of $1.28 for the quarter, up from their prior forecast of $1.26. Jefferies Group has a “Buy” rating and a $77.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets restated a “buy” rating and set a $74.00 price objective (down from $77.00) on shares of JPMorgan Chase & Co. in a research note on Sunday, July 17th. Credit Suisse Group AG reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Wells Fargo & Co. reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Barclays PLC reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Saturday, July 9th. Finally, Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Sunday, July 17th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $72.25.

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

JPMorgan Chase & Co. (NYSE:JPM) traded down 0.12% on Wednesday, hitting $68.23. The stock had a trading volume of 7,744,676 shares. The stock has a market cap of $246.41 billion, a P/E ratio of 11.56 and a beta of 1.54. The company’s 50 day moving average is $66.87 and its 200-day moving average is $63.90. JPMorgan Chase & Co. has a 12 month low of $52.50 and a 12 month high of $69.06.

Institutional investors have recently made changes to their positions in the company. PM CAPITAL Ltd acquired a new stake in JPMorgan Chase & Co. during the first quarter worth approximately $48,920,000. Watch Point Trust Co increased its stake in JPMorgan Chase & Co. by 3.9% in the first quarter. Watch Point Trust Co now owns 35,680 shares of the financial services provider’s stock worth $2,113,000 after buying an additional 1,325 shares in the last quarter. UMB Bank N A MO increased its stake in JPMorgan Chase & Co. by 2.7% in the first quarter. UMB Bank N A MO now owns 542,588 shares of the financial services provider’s stock worth $32,132,000 after buying an additional 14,176 shares in the last quarter. Stokes & Hubbell Capital Management LLC increased its stake in JPMorgan Chase & Co. by 18.8% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 8,109 shares of the financial services provider’s stock worth $480,000 after buying an additional 1,283 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake in JPMorgan Chase & Co. by 7.1% in the first quarter. Raymond James Trust N.A. now owns 253,158 shares of the financial services provider’s stock worth $14,992,000 after buying an additional 16,825 shares in the last quarter. Hedge funds and other institutional investors own 73.34% of the company’s stock.

In related news, EVP Gordon Smith sold 23,735 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $64.05, for a total transaction of $1,520,226.75. Following the transaction, the executive vice president now owns 152,462 shares in the company, valued at $9,765,191.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Matthew E. Zames sold 3,991 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $63.91, for a total value of $255,064.81. Following the transaction, the chief operating officer now owns 282,287 shares in the company, 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.92 dividend on an annualized basis and a yield of 2.81%. JPMorgan Chase & Co.’s payout ratio is 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

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