JPMorgan Chase & Co. (NYSE:JPM) Receives “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research report sent to investors on Tuesday, Benzinga reports. Royal Bank of Canada currently has a $211.00 target price on the financial services provider’s stock.

JPM has been the topic of several other research reports. Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an outperform rating in a research report on Thursday, April 4th. Oppenheimer decreased their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an outperform rating on the stock in a research report on Monday, April 15th. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an overweight rating in a research report on Tuesday. Morgan Stanley cut their price target on JPMorgan Chase & Co. from $216.00 to $214.00 and set an overweight rating on the stock in a research note on Tuesday. Finally, UBS Group lowered their price objective on JPMorgan Chase & Co. from $226.00 to $219.00 and set a buy rating for the company in a research report on Tuesday, April 16th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $194.10.

JPMorgan Chase & Co. Trading Up 1.9 %

Shares of JPM opened at $200.71 on Tuesday. JPMorgan Chase & Co. has a 1 year low of $134.40 and a 1 year high of $205.88. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock has a 50 day simple moving average of $194.71 and a 200-day simple moving average of $178.05. The stock has a market cap of $576.37 billion, a PE ratio of 12.12, a PEG ratio of 2.68 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 16.31 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.29%. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Lori A. Beer sold 5,298 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the sale, the insider now owns 46,375 shares in the company, valued at approximately $9,304,680. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Lori A. Beer sold 5,298 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the transaction, the insider now directly owns 46,375 shares in the company, valued at approximately $9,304,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The disclosure for this sale can be found here. Insiders sold a total of 249,399 shares of company stock worth $46,713,667 over the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Hedge funds have recently added to or reduced their stakes in the business. Stone House Investment Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares during the period. Retirement Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 227.1% during the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. Richardson Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth $34,000. Bare Financial Services Inc bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $35,000. Finally, Partnership Wealth Management LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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.