JPMorgan Chase & Co. (NYSE:JPM) Price Target Raised to $285.00 at Royal Bank of Canada

JPMorgan Chase & Co. (NYSE:JPM) had its price target lifted by Royal Bank of Canada from $255.00 to $285.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the financial services provider's stock. Royal Bank of Canada's price target indicates a potential upside of 7.12% from the stock's previous close.

JPM has been the subject of a number of other research reports. TD Cowen initiated coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective for the company. Bank of America dropped their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Cowen assumed coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, May 14th. They issued a "buy" rating on the stock. Truist Financial set a $261.00 price target on JPMorgan Chase & Co. in a research note on Monday, April 14th. Finally, Robert W. Baird upped their price target on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a research note on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $262.58.

JPMorgan Chase & Co. Stock Up 0.4%

JPM traded up $1.18 during mid-day trading on Tuesday, reaching $266.06. 1,650,723 shares of the stock were exchanged, compared to its average volume of 9,626,443. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The stock has a market capitalization of $739.40 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The company has a 50 day moving average price of $241.45 and a two-hundred day moving average price of $247.55.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.63 by $0.44. 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 analyst estimates of $43.62 billion. During the same quarter last year, the business posted $4.44 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,129 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total value of $1,536,908.04. Following the completion of the transaction, the chief operating officer now directly owns 68,583 shares of the company's stock, valued at approximately $17,197,873.08. The trade was a 8.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the sale, the insider now directly owns 49,127 shares of the company's stock, valued at $12,130,438.84. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,188 shares of company stock valued at $33,095,363. 0.47% of the stock is currently owned by corporate insiders.

Institutional Trading of JPMorgan Chase & Co.

Large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $8,310,884,000. GAMMA Investing LLC raised its stake in JPMorgan Chase & Co. by 25,861.9% in the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after acquiring an additional 23,465,278 shares during the last quarter. Nuveen LLC acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $3,972,807,000. Northern Trust Corp grew its holdings in JPMorgan Chase & Co. by 15.4% during the fourth quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock worth $8,113,147,000 after acquiring an additional 4,515,147 shares during the period. Finally, Proficio Capital Partners LLC raised its position in JPMorgan Chase & Co. by 34,259.3% during the fourth quarter. Proficio Capital Partners LLC now owns 3,499,499 shares of the financial services provider's stock valued at $838,865,000 after acquiring an additional 3,489,314 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

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.

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