JPMorgan Chase & Co. (NYSE:JPM) – Research analysts at Jefferies Group lifted their Q4 2017 earnings per share (EPS) estimates for JPMorgan Chase & Co. in a note issued to investors on Monday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings per share of $1.78 for the quarter, up from their prior forecast of $1.74. Jefferies Group currently has a “Buy” rating and a $111.00 target price on the stock.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.09. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The business had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same quarter last year, the business posted $1.58 EPS. The business’s revenue was up 2.6% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on the company. Vetr cut JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price objective for the company. in a report on Wednesday. Societe Generale cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday. Credit Suisse Group upgraded JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, January 5th. Barclays increased their target price on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Buckingham Research raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Thursday, December 21st. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the company. JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus target price of $93.64.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $110.25 on Tuesday. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $110.70. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $382,540.00, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.14%.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.88% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after purchasing an additional 3,717,683 shares in the last quarter. Northern Trust Corp increased its holdings in shares of JPMorgan Chase & Co. by 1.8% in the 2nd quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock worth $4,475,468,000 after purchasing an additional 847,463 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of JPMorgan Chase & Co. by 2.5% in the 2nd quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock worth $2,898,729,000 after purchasing an additional 765,082 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock worth $2,621,677,000 after purchasing an additional 176,306 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of JPMorgan Chase & Co. by 1.8% in the 3rd quarter. Legal & General Group Plc now owns 18,083,319 shares of the financial services provider’s stock worth $1,727,118,000 after purchasing an additional 313,968 shares in the last quarter. 73.76% of the stock is owned by institutional investors.

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JPMorgan Chase & Co. Company Profile

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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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