Q2 2024 Earnings Forecast for JPMorgan Chase & Co. Issued By Seaport Res Ptn (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPM - Free Report) - Investment analysts at Seaport Res Ptn reduced their Q2 2024 earnings per share (EPS) estimates for shares of JPMorgan Chase & Co. in a report released on Monday, April 15th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will post earnings of $4.01 per share for the quarter, down from their prior forecast of $4.14. 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 Q1 2025 earnings at $4.27 EPS.

JPM has been the subject of a number of other reports. Morgan Stanley decreased their target price on JPMorgan Chase & Co. from $221.00 to $216.00 and set an "overweight" rating for the company in a research report on Monday. UBS Group cut their price target on JPMorgan Chase & Co. from $226.00 to $219.00 and set a "buy" rating on the stock in a report on Tuesday. Oppenheimer cut their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an "outperform" rating on the stock in a report on Monday. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, March 20th. Finally, Barclays lifted their price target on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an "overweight" rating in a report on Tuesday, January 2nd. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $192.05.

JPMorgan Chase & Co. Stock Down 0.5 %

NYSE JPM traded down $0.84 on Wednesday, reaching $179.96. 9,014,238 shares of the stock traded hands, compared to its average volume of 9,419,439. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. The company has a fifty day moving average price of $188.48 and a 200-day moving average price of $168.50. The company has a market cap of $516.86 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 2.30 and a beta of 1.15. JPMorgan Chase & Co. has a 12 month low of $131.81 and a 12 month high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. JPMorgan Chase & Co.'s payout ratio is presently 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,030 shares of the business's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares in the company, valued at approximately $10,864,394.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Jennifer Piepszak sold 1,648 shares of the business'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 completion of the transaction, the chief executive officer now owns 32,819 shares of the company's stock, valued at approximately $5,873,288.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Stacey Friedman sold 6,030 shares of the business's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the completion of the transaction, the general counsel now directly owns 59,456 shares of the company's stock, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Institutional investors and hedge funds have recently modified their holdings of the stock. Stone House Investment Management LLC raised its holdings in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider's stock worth $27,000 after purchasing an additional 89 shares during the period. Richardson Capital Management LLC acquired a new position in JPMorgan Chase & Co. in the 1st quarter worth about $34,000. Kathleen S. Wright Associates Inc. acquired a new position in JPMorgan Chase & Co. in the 1st quarter worth about $40,000. Bare Financial Services Inc acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth about $35,000. Finally, Partnership Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds 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.