Align Wealth Management LLC Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Align Wealth Management LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,090 shares of the financial services provider’s stock, valued at approximately $323,000. JPMorgan Chase & Co. makes up approximately 0.3% of Align Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. HBC Financial Services PLLC lifted its stake in JPMorgan Chase & Co. by 61.2% in the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 90 shares in the last quarter. Grayhawk Investment Strategies Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $32,000. Horizons Wealth Management purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $39,000. New Millennium Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $39,000. Finally, Parkwood LLC raised its position in shares of JPMorgan Chase & Co. by 7.1% during the 2nd quarter. Parkwood LLC now owns 43,703 shares of the financial services provider’s stock valued at $44,000 after buying an additional 2,885 shares in the last quarter. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the transaction, the insider now directly owns 36,369 shares in the company, valued at $5,103,298.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Mary E. Erdoes sold 10,340 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total value of $1,450,598.60. Following the completion of the transaction, the chief executive officer now directly owns 544,136 shares in the company, valued at approximately $76,336,839.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Peter Scher sold 4,399 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the transaction, the insider now owns 36,369 shares of the company’s stock, valued at $5,103,298.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,887 shares of company stock worth $5,315,762. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JPM. Credit Suisse Group set a $155.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, February 27th. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $167.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, February 24th. Deutsche Bank Aktiengesellschaft cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and dropped their target price for the company from $155.00 to $145.00 in a report on Friday, January 6th. Barclays lifted their price target on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Finally, Wells Fargo & Company raised JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $148.00 to $155.00 in a research note on Monday, March 13th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.78.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $125.81 on Friday. The stock’s 50 day simple moving average is $139.06 and its two-hundred day simple moving average is $129.21. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $370.30 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 2.09 and a beta of 1.12. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.46. The business had revenue of $34.55 billion for the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The business’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.33 EPS. As a group, analysts expect that JPMorgan Chase & Co. will post 12.9 earnings per share for the current fiscal year.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.