JPMorgan Chase & Co. (NYSE:JPM) – Equities researchers at DA Davidson issued their Q1 2020 earnings estimates for JPMorgan Chase & Co. in a research note issued on Thursday, January 16th, according to Zacks Investment Research. DA Davidson analyst D. Konrad expects that the financial services provider will post earnings per share of $2.78 for the quarter. DA Davidson currently has a “Neutral” rating and a $140.00 price target on the stock. DA Davidson also issued estimates for JPMorgan Chase & Co.’s FY2020 earnings at $10.80 EPS and FY2021 earnings at $11.30 EPS.
JPM has been the topic of several other reports. Keefe, Bruyette & Woods downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 target price on the stock. in a research note on Monday, December 9th. UBS Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and boosted their target price for the company from $132.00 to $138.00 in a research note on Monday, January 6th. BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. to and gave the company a “market perform” rating in a research note on Wednesday, January 15th. Credit Suisse Group boosted their price target on shares of JPMorgan Chase & Co. from $142.00 to $147.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Finally, Bank of America restated a “buy” rating and set a $147.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $135.29.
Shares of NYSE JPM traded down $0.44 during trading on Friday, hitting $137.17. The company had a trading volume of 6,379,266 shares, compared to its average volume of 11,261,380. The company has a market cap of $431.61 billion, a P/E ratio of 12.80, a PEG ratio of 2.57 and a beta of 1.19. JPMorgan Chase & Co. has a 52 week low of $98.09 and a 52 week high of $141.10. The business’s 50-day moving average is $136.75 and its 200 day moving average is $124.49. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.93 and a current ratio of 0.92.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.25. The company had revenue of $28.30 billion for the quarter, compared to analysts’ expectations of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 15.19% and a net margin of 25.49%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.98 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Friday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.
In other news, CEO Daniel E. Pinto sold 15,212 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $135.72, for a total transaction of $2,064,572.64. Following the completion of the transaction, the chief executive officer now owns 458,209 shares of the company’s stock, valued at $62,188,125.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gordon Smith sold 11,800 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $137.04, for a total transaction of $1,617,072.00. Following the transaction, the chief executive officer now directly owns 425,690 shares of the company’s stock, valued at approximately $58,336,557.60. The disclosure for this sale can be found here. Insiders have sold 128,814 shares of company stock valued at $17,318,144 in the last ninety days. 0.76% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Altus Wealth Management LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $418,000. Coastal Investment Advisors Inc. raised its holdings in JPMorgan Chase & Co. by 1.9% in the fourth quarter. Coastal Investment Advisors Inc. now owns 12,576 shares of the financial services provider’s stock worth $1,660,000 after purchasing an additional 235 shares during the period. Integrated Advisors Network LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth $8,540,000. FMR LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.4% during the fourth quarter. FMR LLC now owns 55,512,219 shares of the financial services provider’s stock worth $7,738,402,000 after acquiring an additional 202,379 shares during the period. Finally, Nicollet Investment Management Inc. raised its holdings in shares of JPMorgan Chase & Co. by 1.1% during the fourth quarter. Nicollet Investment Management Inc. now owns 28,037 shares of the financial services provider’s stock worth $3,908,000 after acquiring an additional 318 shares during the period. 72.11% of the stock is owned by hedge funds and other institutional investors.
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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.