J P Morgan Chase & Co (NYSE:JPM) – Research analysts at Jefferies Group issued their Q3 2017 earnings per share estimates for J P Morgan Chase & Co in a note issued to investors on Monday. Jefferies Group analyst K. Usdin forecasts that the financial services provider will post earnings of $1.66 per share for the quarter. Jefferies Group also issued estimates for J P Morgan Chase & Co’s Q4 2017 earnings at $1.74 EPS.
J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. The firm had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $1.55 earnings per share. COPYRIGHT VIOLATION WARNING: “Equities Analysts Issue Forecasts for J P Morgan Chase & Co’s Q3 2017 Earnings (NYSE:JPM)” was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://sportsperspectives.com/2017/08/06/equities-analysts-issue-forecasts-for-j-p-morgan-chase-cos-q3-2017-earnings-nysejpm-updated-updated.html.
A number of other research analysts have also weighed in on the company. BidaskClub upgraded J P Morgan Chase & Co from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods raised their target price on J P Morgan Chase & Co to $47.00 and gave the stock a “buy” rating in a research report on Monday, April 17th. Vetr cut J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price target for the company. in a research report on Monday, June 12th. Vining Sparks upgraded J P Morgan Chase & Co to an “outperform” rating and set a $95.00 price target for the company in a research report on Thursday, April 27th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $85.00 price target on shares of J P Morgan Chase & Co in a research report on Thursday, June 1st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $85.43.
Shares of J P Morgan Chase & Co (NYSE JPM) opened at 91.07 on Wednesday. J P Morgan Chase & Co has a 12 month low of $63.38 and a 12 month high of $94.51. The company has a 50-day moving average price of $88.33 and a 200-day moving average price of $87.69. The firm has a market capitalization of $320.48 billion, a price-to-earnings ratio of 13.43 and a beta of 1.19.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 2.20%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 29.59%.
In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the transaction, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marianne Lake sold 17,596 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,110 shares of company stock worth $2,270,818. 0.85% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in the stock. Shepherd Financial Partners LLC purchased a new position in J P Morgan Chase & Co during the fourth quarter worth approximately $3,128,000. CHURCHILL MANAGEMENT Corp bought a new position in shares of J P Morgan Chase & Co during the first quarter worth about $1,367,000. Michael & Susan Dell Foundation bought a new position in shares of J P Morgan Chase & Co during the fourth quarter worth about $42,343,000. Guggenheim Capital LLC raised its position in shares of J P Morgan Chase & Co by 5.9% in the fourth quarter. Guggenheim Capital LLC now owns 1,234,560 shares of the financial services provider’s stock worth $106,530,000 after buying an additional 68,720 shares in the last quarter. Finally, Israel Discount Bank of New York GFN bought a new position in shares of J P Morgan Chase & Co during the fourth quarter worth about $1,857,000. Hedge funds and other institutional investors own 74.25% of the company’s stock.
About J P Morgan 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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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