RB Capital Management LLC Buys 543 Shares of JPMorgan Chase & Co. (NYSE:JPM)

RB Capital Management LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,212 shares of the financial services provider’s stock after acquiring an additional 543 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.4% of RB Capital Management LLC’s portfolio, making the stock its 16th largest position. RB Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,283,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of JPM. Redwood Park Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $29,000. Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $34,000. Investment Counsel Co. of Nevada acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $37,000. Midwest Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $43,000. Finally, Prudent Man Investment Management Inc. purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $43,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on JPM. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a “buy” rating and a $305.00 price objective on the stock. Royal Bank of Canada lifted their price objective on shares of JPMorgan Chase & Co. from $255.00 to $285.00 and gave the stock an “outperform” rating in a report on Tuesday. KGI Securities began coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a “hold” rating on the stock. Truist Financial set a $261.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, April 14th. Finally, Cowen began coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, May 14th. They set a “buy” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $266.20.

JPMorgan Chase & Co. Stock Down 1.7%

JPM stock opened at $261.09 on Thursday. 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 company’s 50 day moving average is $242.84 and its 200 day moving average is $247.77. The stock has a market cap of $725.60 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to analysts’ expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.44 earnings per share. Sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.49%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,821 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $749,567.91. Following the completion of the sale, the general counsel now owns 68,757 shares of the company’s stock, valued at $18,269,422.47. This represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the sale, the insider now directly owns 49,127 shares of the company’s stock, valued at approximately $12,130,438.84. This 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 95,594 shares of company stock worth $23,991,061. Insiders own 0.47% of the company’s stock.

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.