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

Navalign LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,579 shares of the financial services provider’s stock after purchasing an additional 183 shares during the period. JPMorgan Chase & Co. makes up approximately 0.6% of Navalign LLC’s portfolio, making the stock its 28th biggest holding. Navalign LLC’s holdings in JPMorgan Chase & Co. were worth $1,938,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of JPM. Retirement Group LLC increased its position in shares of JPMorgan Chase & Co. by 227.1% in the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 109 shares in the last quarter. Richardson Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter worth $34,000. Bare Financial Services Inc acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $35,000. Partnership Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $36,000. Finally, Davidson Capital Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter worth $37,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 2.0 %

JPMorgan Chase & Co. stock opened at $220.30 on Wednesday. The firm’s 50-day moving average is $210.24 and its 200-day moving average is $199.40. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.48. The company has a market cap of $632.63 billion, a P/E ratio of 12.29, a PEG ratio of 2.62 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. During the same period last year, the firm posted $4.37 EPS. On average, equities analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the transaction, the insider now directly owns 212,265 shares in the company, valued at approximately $42,355,358.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on JPM shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday. Oppenheimer raised their price target on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Robert W. Baird raised their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $208.35.

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.