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

JPMorgan Chase & Co. (NYSE:JPM) – Equities research analysts at Seaport Res Ptn reduced their Q3 2024 earnings estimates for shares of JPMorgan Chase & Co. in a research report 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 prior 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.

Other equities analysts have also recently issued reports about the company. UBS Group dropped their price objective on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a report on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Morgan Stanley decreased their target price on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday. Piper Sandler cut their price target on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Monday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Trading Down 0.5 %

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

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Thursday, April 4th. 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 Buying and Selling

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the sale, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,020,696 shares of company stock worth $186,794,151 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On JPMorgan Chase & Co.

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

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.