Seaport Res Ptn Analysts Cut Earnings Estimates for JPMorgan Chase & Co. (NYSE:JPM)

JPMorgan Chase & Co. (NYSE:JPM - Free Report) - Investment analysts at Seaport Res Ptn lowered their Q3 2024 EPS estimates for shares of JPMorgan Chase & Co. in a research note issued on Monday, April 15th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings per share of $3.88 for the quarter, down from their previous forecast of $3.98. The consensus estimate for JPMorgan Chase & Co.'s current full-year earnings is $15.91 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 analysts also recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a "market perform" rating in a report on Friday, April 5th. Evercore ISI upped their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an "outperform" rating in a report on Thursday, April 4th. The Goldman Sachs Group reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Finally, Bank of America increased their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a "buy" rating in a research report on Thursday, January 4th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.05.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM traded up $1.06 during trading on Thursday, reaching $181.14. The stock had a trading volume of 9,554,925 shares, compared to its average volume of 9,421,316. JPMorgan Chase & Co. has a one year low of $131.81 and a one year high of $200.94. 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 firm's 50 day moving average price is $188.61 and its two-hundred day moving average price is $168.59. The stock has a market cap of $520.25 billion, a PE ratio of 10.94, a P/E/G ratio of 2.27 and a beta of 1.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JPM. Valicenti Advisory Services Inc. grew its stake in shares of JPMorgan Chase & Co. by 2.9% in the third quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider's stock worth $11,586,000 after acquiring an additional 2,220 shares during the last quarter. Etfidea LLC grew its position in 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% during the 3rd quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider's stock worth $1,915,000 after purchasing an additional 6,521 shares during the period. Alley Investment Management Company LLC raised its position in shares of JPMorgan Chase & Co. by 0.4% during the third quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider's stock valued at $18,405,000 after buying an additional 530 shares during the last quarter. Finally, Allen Investment Management LLC raised its position in shares of JPMorgan Chase & Co. by 15.8% during the third quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider's stock valued at $25,341,000 after buying an additional 23,894 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be paid a $1.15 dividend. The ex-dividend date is Thursday, April 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 2.54%. JPMorgan Chase & Co.'s payout ratio is 27.78%.

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.