Q2 2019 EPS Estimates for JPMorgan Chase & Co. Lifted by Jefferies Financial Group (JPM)

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JPMorgan Chase & Co. (NYSE:JPM) – Analysts at Jefferies Financial Group raised their Q2 2019 earnings per share (EPS) estimates for shares of JPMorgan Chase & Co. in a research note issued on Monday, April 15th. Jefferies Financial Group analyst K. Usdin now expects that the financial services provider will post earnings per share of $2.60 for the quarter, up from their previous forecast of $2.52. Jefferies Financial Group currently has a “Hold” rating and a $101.20 target price on the stock. Jefferies Financial Group also issued estimates for JPMorgan Chase & Co.’s Q3 2019 earnings at $2.57 EPS, Q4 2019 earnings at $2.44 EPS and FY2019 earnings at $10.25 EPS.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. The business had revenue of $29.12 billion during the quarter, compared to the consensus estimate of $27.95 billion. During the same quarter in the prior year, the firm earned $2.37 earnings per share.

Other equities research analysts also recently issued research reports about the stock. Barclays reiterated a “buy” rating and set a $140.00 target price on shares of JPMorgan Chase & Co. in a research note on Thursday, February 21st. Wells Fargo & Co reiterated a “buy jpm” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, December 20th. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Monday, December 31st. Finally, Daiwa Capital Markets downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Friday, February 8th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $123.05.

Shares of JPM opened at $109.94 on Tuesday. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $119.24. The stock has a market cap of $381.67 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 1.64 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 1.00.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a $0.80 dividend. The ex-dividend date is Thursday, April 4th. This represents a $3.20 dividend on an annualized basis and a yield of 2.91%. JPMorgan Chase & Co.’s payout ratio is currently 35.56%.

In other news, General Counsel Stacey Friedman sold 3,022 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $105.00, for a total transaction of $317,310.00. Following the completion of the sale, the general counsel now directly owns 12,519 shares in the company, valued at approximately $1,314,495. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas B. Petno sold 11,659 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $105.00, for a total transaction of $1,224,195.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,191 shares of company stock valued at $4,102,110. 0.73% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its stake in shares of JPMorgan Chase & Co. by 5,338.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 39,471,964 shares of the financial services provider’s stock worth $404,000 after purchasing an additional 38,746,167 shares in the last quarter. Norges Bank purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $2,986,672,000. American International Group Inc. increased its stake in shares of JPMorgan Chase & Co. by 314.9% during the 4th quarter. American International Group Inc. now owns 4,882,121 shares of the financial services provider’s stock worth $476,593,000 after purchasing an additional 3,705,536 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in shares of JPMorgan Chase & Co. by 5,555.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 2,352,612 shares of the financial services provider’s stock worth $11,266,384,000 after purchasing an additional 2,311,016 shares in the last quarter. Finally, Royal London Asset Management Ltd. purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $182,400,000. Institutional investors own 69.89% 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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Earnings History and Estimates for JPMorgan Chase & Co. (NYSE:JPM)

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