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

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

JPM has been the subject of a number of other reports. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a market perform rating in a research report on Tuesday. Piper Sandler lifted their price objective on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an overweight rating in a report on Tuesday. BMO Capital Markets dropped their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a market perform rating for the company in a report on Monday, April 15th. Evercore ISI lifted their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an outperform rating in a report on Thursday, April 4th. Finally, Robert W. Baird lifted their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a neutral rating in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $194.10.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $196.92 on Tuesday. JPMorgan Chase & Co. has a 1-year low of $134.40 and a 1-year high of $205.88. The stock has a market cap of $565.49 billion, a PE ratio of 11.89, a P/E/G ratio of 1.75 and a beta of 1.13. The firm has a 50-day simple moving average of $194.50 and a two-hundred day simple moving average of $177.66. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The business had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. As a group, analysts forecast that JPMorgan Chase & Co. will post 16.31 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given 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 dividend yield of 2.34%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the completion of the sale, the insider now owns 44,113 shares in the company, valued at approximately $8,772,311.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the sale, the insider now owns 44,113 shares in the company, valued at approximately $8,772,311.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction on 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 approximately $12,656,006.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 249,399 shares of company stock worth $46,713,667. 0.79% of the stock is currently owned by insiders.

Institutional Trading of JPMorgan Chase & Co.

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $6,016,878,000. International Assets Investment Management LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $1,017,893,000. Wellington Management Group LLP increased its stake in JPMorgan Chase & Co. by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after buying an additional 4,603,090 shares during the period. Swedbank AB acquired a new position in JPMorgan Chase & Co. in the 1st quarter valued at $800,130,000. Finally, Capital Research Global Investors increased its stake in JPMorgan Chase & Co. by 23.3% in the 1st quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock valued at $3,445,185,000 after buying an additional 3,252,451 shares during the period. Hedge funds and other institutional investors own 71.55% 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, 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.