JPMorgan Chase & Co. (JPM) Projected to Post Earnings on Friday

JPMorgan Chase & Co. (NYSE:JPM) is expected to be posting its quarterly earnings results before the market opens on Friday, April 11th. Analysts expect JPMorgan Chase & Co. to post earnings of $4.57 per share and revenue of $43.62 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the previous year, the company posted $3.04 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, analysts expect JPMorgan Chase & Co. to post $18 EPS for the current fiscal year and $19 EPS for the next fiscal year.

JPMorgan Chase & Co. Stock Up 0.9 %

JPM opened at $216.44 on Wednesday. The company has a market capitalization of $605.19 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25. The business has a 50-day moving average of $251.66 and a 200-day moving average of $241.63.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.37%.

Insider Activity

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the sale, the insider now owns 49,127 shares of the company’s stock, valued at $12,130,438.84. The trade was a 2.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the transaction, the chief executive officer now owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,848 shares of company stock valued at $19,987,908. Insiders own 0.79% of the company’s stock.

Institutional Trading of JPMorgan Chase & Co.

An institutional investor recently raised its position in JPMorgan Chase & Co. stock. Brighton Jones LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,732 shares of the financial services provider’s stock after purchasing an additional 4,841 shares during the quarter. Brighton Jones LLC’s holdings in JPMorgan Chase & Co. were worth $11,682,000 as of its most recent filing with the Securities and Exchange Commission. 71.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Truist Financial dropped their price target on shares of JPMorgan Chase & Co. from $268.00 to $264.00 and set a “hold” rating on the stock in a research note on Friday, April 4th. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Bank of America reduced their price target on JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. UBS Group increased their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, Barclays boosted their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $254.83.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.