Q1 2024 EPS Estimates for JPMorgan Chase & Co. (NYSE:JPM) Decreased by Seaport Res Ptn

JPMorgan Chase & Co. (NYSE:JPM) – Research analysts at Seaport Res Ptn reduced their Q1 2024 earnings per share (EPS) estimates for JPMorgan Chase & Co. in a report released on Thursday, April 4th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will earn $4.14 per share for the quarter, down from their previous estimate of $4.28. The consensus estimate for JPMorgan Chase & Co.’s current full-year earnings is $15.80 per share. Seaport Res Ptn also issued estimates for JPMorgan Chase & Co.’s Q2 2024 earnings at $4.14 EPS, Q3 2024 earnings at $3.98 EPS and Q4 2024 earnings at $3.73 EPS.

JPM has been the topic of several other reports. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Jefferies Financial Group boosted their price objective on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday. Oppenheimer lowered their target price on JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $189.11.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $197.20 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $568.01 billion, a P/E ratio of 12.16, a P/E/G ratio of 2.50 and a beta of 1.15. JPMorgan Chase & Co. has a 12 month low of $126.22 and a 12 month high of $200.94. The stock has a 50 day moving average of $187.10 and a 200-day moving average of $166.96.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The firm had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. During the same period last year, the company posted $3.57 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after purchasing an additional 97,907,897 shares in the last quarter. Morgan Stanley increased its holdings in shares of JPMorgan Chase & Co. by 0.3% during the third quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock valued at $9,127,754,000 after acquiring an additional 201,441 shares in the last quarter. FMR LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.2% in the 3rd quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock worth $7,166,546,000 after purchasing an additional 606,382 shares in the last quarter. Wellington Management Group LLP increased its stake in JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after purchasing an additional 4,603,090 shares in the last quarter. Finally, Capital International Investors lifted its stake in shares of JPMorgan Chase & Co. by 5.4% in the fourth quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock valued at $7,062,094,000 after buying an additional 2,128,478 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,030 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the completion of the sale, the general counsel now owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,030 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the completion of the sale, the general counsel now directly owns 59,456 shares in the company, valued at approximately $10,864,394.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the transaction, the insider now directly owns 64,783 shares in the company, valued at $12,656,006.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 849,303 shares of company stock worth $155,107,447. 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 dividend of $1.15 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 2.33%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 28.36%.

JPMorgan Chase & Co. Company Profile

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.