JPMorgan Chase & Co. (NYSE:JPM) – Investment analysts at FBR & Co increased their FY2016 earnings per share (EPS) estimates for JPMorgan Chase & Co. in a report issued on Monday. FBR & Co analyst P. Miller now forecasts that the firm will post earnings per share of $5.85 for the year, up from their prior forecast of $5.73. FBR & Co also issued estimates for JPMorgan Chase & Co.’s Q4 2016 earnings at $1.37 EPS, Q1 2017 earnings at $1.45 EPS, Q2 2017 earnings at $1.55 EPS, Q3 2017 earnings at $1.60 EPS, Q4 2017 earnings at $1.54 EPS and FY2017 earnings at $6.15 EPS.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.19. The firm earned $25.50 billion during the quarter. JPMorgan Chase & Co. had a return on equity of 10.47% and a net margin of 22.92%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.54 EPS.

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

Several other research analysts have also issued reports on the company. Credit Agricole SA reaffirmed a “buy” rating and set a $79.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday. Vetr raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $70.76 price objective for the company in a research report on Monday. Macquarie reissued a “neutral” rating and issued a $70.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday. BMO Capital Markets lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Monday. They noted that the move was a valuation call. Finally, Buckingham Research lowered JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $71.00 to $74.00 in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and an average price target of $72.38.

JPMorgan Chase & Co. (NYSE:JPM) traded up 1.14% during trading on Wednesday, hitting $68.47. The stock had a trading volume of 7,442,655 shares. JPMorgan Chase & Co. has a 52 week low of $52.50 and a 52 week high of $69.06. The firm has a market cap of $247.28 billion, a PE ratio of 11.60 and a beta of 1.54. The company’s 50-day moving average is $67.08 and its 200 day moving average is $64.19.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. KLCM Advisors Inc. raised its position in shares of JPMorgan Chase & Co. by 1.1% in the first quarter. KLCM Advisors Inc. now owns 218,492 shares of the financial services provider’s stock valued at $12,939,000 after buying an additional 2,450 shares during the period. Arvest Bank Trust Division raised its position in shares of JPMorgan Chase & Co. by 3.0% in the first quarter. Arvest Bank Trust Division now owns 248,351 shares of the financial services provider’s stock valued at $14,707,000 after buying an additional 7,214 shares during the period. Sanders Morris Harris Inc. bought a new position in shares of JPMorgan Chase & Co. during the first quarter valued at about $2,256,000. Sii Investments Inc. WI raised its position in shares of JPMorgan Chase & Co. by 7.6% in the first quarter. Sii Investments Inc. WI now owns 32,925 shares of the financial services provider’s stock valued at $1,949,000 after buying an additional 2,327 shares during the period. Finally, Investment Centers of America Inc. raised its position in shares of JPMorgan Chase & Co. by 76.5% in the first quarter. Investment Centers of America Inc. now owns 46,375 shares of the financial services provider’s stock valued at $2,745,000 after buying an additional 20,099 shares during the period. Institutional investors own 73.41% of the company’s stock.

In related news, CEO Mary E. Erdoes sold 25,542 shares of the company’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $67.26, for a total value of $1,717,954.92. Following the completion of the transaction, the chief executive officer now directly owns 291,080 shares in the company, valued at $19,578,040.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Marianne Lake sold 14,083 shares of the company’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $67.26, for a total transaction of $947,222.58. Following the completion of the transaction, the chief financial officer now owns 16,581 shares of the company’s stock, valued at $1,115,238.06. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by insiders.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 6th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.92 annualized dividend and a dividend yield of 2.84%. JPMorgan Chase & Co.’s payout ratio is currently 33.10%.

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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