Navalign LLC Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Navalign LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,396 shares of the financial services provider’s stock after selling 162 shares during the period. JPMorgan Chase & Co. comprises approximately 0.6% of Navalign LLC’s portfolio, making the stock its 26th largest position. Navalign LLC’s holdings in JPMorgan Chase & Co. were worth $1,882,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in JPMorgan Chase & Co. by 10.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,657 shares of the financial services provider’s stock valued at $5,461,000 after purchasing an additional 3,471 shares during the period. Morse Asset Management Inc acquired a new position in JPMorgan Chase & Co. in the third quarter valued at $211,000. Milestone Asset Management LLC increased its stake in JPMorgan Chase & Co. by 6.9% in the third quarter. Milestone Asset Management LLC now owns 2,369 shares of the financial services provider’s stock valued at $341,000 after purchasing an additional 153 shares during the period. Mather Group LLC. increased its stake in JPMorgan Chase & Co. by 6.9% in the third quarter. Mather Group LLC. now owns 18,881 shares of the financial services provider’s stock valued at $2,738,000 after purchasing an additional 1,223 shares during the period. Finally, Westover Capital Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 14.6% during the third quarter. Westover Capital Advisors LLC now owns 36,504 shares of the financial services provider’s stock worth $5,294,000 after acquiring an additional 4,664 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JPM. Robert W. Baird boosted their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Oppenheimer dropped their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Jefferies Financial Group boosted their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. StockNews.com lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. Finally, Morgan Stanley dropped their price target on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.10.

JPMorgan Chase & Co. Trading Up 1.3 %

JPMorgan Chase & Co. stock opened at $198.90 on Tuesday. The company has a market cap of $571.18 billion, a P/E ratio of 12.01, a PEG ratio of 2.64 and a beta of 1.12. The firm’s 50-day moving average is $195.52 and its 200-day moving average is $185.17. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $205.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. On average, equities analysts expect that JPMorgan Chase & Co. will post 16.44 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be paid a dividend of $1.15 per share. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.31%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the transaction, the general counsel now owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 250,565 shares of company stock valued at $46,962,717. Company insiders own 0.79% 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.