Oxbow Advisors LLC Sells 293 Shares of JPMorgan Chase & Co. $JPM

Oxbow Advisors LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 14.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,685 shares of the financial services provider’s stock after selling 293 shares during the period. Oxbow Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Empirical Asset Management LLC grew its holdings in JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Empirical Asset Management LLC now owns 14,018 shares of the financial services provider’s stock worth $4,064,000 after acquiring an additional 52 shares in the last quarter. Consilio Wealth Advisors LLC grew its holdings in JPMorgan Chase & Co. by 5.4% during the 2nd quarter. Consilio Wealth Advisors LLC now owns 3,941 shares of the financial services provider’s stock worth $1,131,000 after acquiring an additional 203 shares in the last quarter. Harbor Asset Planning Inc. bought a new position in JPMorgan Chase & Co. during the 2nd quarter worth about $26,000. Semitam Bonam LLC bought a new position in JPMorgan Chase & Co. during the 2nd quarter worth about $208,000. Finally, Werba Rubin Papier Wealth Management grew its holdings in JPMorgan Chase & Co. by 13.0% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 5,078 shares of the financial services provider’s stock worth $1,472,000 after acquiring an additional 586 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JPM has been the topic of several recent research reports. Hsbc Global Res cut shares of JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $336.00 to $338.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. TD Cowen increased their price target on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Barclays increased their price target on shares of JPMorgan Chase & Co. from $330.00 to $342.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings raised shares of JPMorgan Chase & Co. from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $322.27.

JPMorgan Chase & Co. Stock Performance

JPM opened at $300.27 on Monday. The company has a market cap of $825.66 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. The firm’s 50-day moving average price is $303.43 and its 200-day moving average price is $281.89. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.83 by $0.24. The firm had revenue of $46.43 billion during the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. JPMorgan Chase & Co.’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm posted $4.37 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, October 6th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s payout ratio is 29.72%.

Insider Activity at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director directly owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This trade represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.47% of the stock is owned by insiders.

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.