Q3 2024 EPS Estimates for JPMorgan Chase & Co. Cut by Seaport Res Ptn (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPM) – Research analysts at Seaport Res Ptn decreased their Q3 2024 earnings estimates for JPMorgan Chase & Co. in a research note issued on Monday, April 15th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will earn $3.88 per share for the quarter, down from their previous forecast of $3.98. The consensus estimate for JPMorgan Chase & Co.’s current full-year earnings is $15.88 per share. Seaport Res Ptn also issued estimates for JPMorgan Chase & Co.’s Q4 2024 earnings at $3.66 EPS and Q2 2025 earnings at $4.07 EPS.

A number of other equities analysts have also recently weighed in on the company. Piper Sandler reduced their price objective on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Morgan Stanley reduced their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research note on Monday. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Finally, BMO Capital Markets decreased their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $179.96 on Thursday. The stock’s 50 day moving average price is $188.48 and its 200 day moving average price is $168.50. The firm has a market cap of $516.86 billion, a P/E ratio of 10.87, a PEG ratio of 2.30 and a beta of 1.15. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. JPMorgan Chase & Co. has a 1 year low of $131.81 and a 1 year high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.56%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $323,917.60. Following the completion of the transaction, the insider now owns 44,956 shares in the company, valued at approximately $8,045,325.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the transaction, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Peter Scher sold 1,810 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the sale, the insider now owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several institutional investors have recently modified their holdings of JPM. Valicenti Advisory Services Inc. boosted its position in shares of JPMorgan Chase & Co. by 2.9% during the third quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock worth $11,586,000 after buying an additional 2,220 shares during the period. Etfidea LLC grew its stake in shares of JPMorgan Chase & Co. by 5.4% in the 4th quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 100 shares during the last quarter. TKG Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 97.6% in the third quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock valued at $1,915,000 after buying an additional 6,521 shares in the last quarter. Alley Investment Management Company LLC boosted its position in shares of JPMorgan Chase & Co. by 0.4% in the 3rd quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider’s stock valued at $18,405,000 after purchasing an additional 530 shares during the period. Finally, Allen Investment Management LLC raised its holdings in JPMorgan Chase & Co. by 15.8% during the 3rd quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock worth $25,341,000 after buying an additional 23,894 shares during the period. Institutional investors own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

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.