JPMorgan Chase & Co. (NYSE:JPM) Issues Quarterly Earnings Results, Beats Estimates By $0.44 EPS

JPMorgan Chase & Co. (NYSE:JPM) posted its earnings results on Friday. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44, Zacks reports. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter in the prior year, the firm earned $4.44 EPS. JPMorgan Chase & Co.'s quarterly revenue was up 8.0% on a year-over-year basis.

JPMorgan Chase & Co. Trading Up 4.0 %

Shares of JPM traded up $9.15 during midday trading on Friday, hitting $236.26. The stock had a trading volume of 20,275,665 shares, compared to its average volume of 9,644,585. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The firm has a market cap of $660.60 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. 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 simple moving average of $248.89 and a two-hundred day simple moving average of $242.03.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a dividend of $1.40 per share. The ex-dividend date is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a yield of 2.37%. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.37%.

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Wall Street Analysts Forecast Growth

JPM has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their price objective on 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. Barclays boosted their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Wolfe Research raised JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target for the company in a research note on Friday, January 3rd. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Bank of America decreased their target price on shares of 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. Ten research analysts have rated the stock with a hold rating and ten have assigned 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 an average target price of $254.83.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 4,273 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the transaction, the chief operating officer now directly owns 54,469 shares of the company's stock, valued at approximately $14,698,459.65. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now owns 50,377 shares of the company's stock, valued at $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,848 shares of company stock valued at $19,987,908. Company 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 lifted its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 11.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,732 shares of the financial services provider's stock after acquiring 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 currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile

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.