Oxbow Advisors LLC Reduces Position in JPMorgan Chase & Co. (NYSE:JPM)

Oxbow Advisors LLC lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,005 shares of the financial services provider’s stock after selling 144 shares during the quarter. Oxbow Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. AMF Tjanstepension AB lifted its stake in shares of JPMorgan Chase & Co. by 17.2% in the 3rd quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock worth $99,972,000 after acquiring an additional 69,451 shares during the period. Oak Harvest Investment Services increased its stake in shares of JPMorgan Chase & Co. by 9.7% during the third quarter. Oak Harvest Investment Services now owns 99,921 shares of the financial services provider’s stock worth $21,069,000 after acquiring an additional 8,805 shares during the period. Cornerstone Wealth Group LLC raised its holdings in JPMorgan Chase & Co. by 1.3% during the third quarter. Cornerstone Wealth Group LLC now owns 60,444 shares of the financial services provider’s stock worth $12,745,000 after purchasing an additional 798 shares in the last quarter. Voisard Asset Management Group Inc. lifted its position in JPMorgan Chase & Co. by 3.5% in the third quarter. Voisard Asset Management Group Inc. now owns 5,068 shares of the financial services provider’s stock valued at $1,069,000 after purchasing an additional 173 shares during the period. Finally, Goldstone Financial Group LLC acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at about $3,931,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JPM has been the subject of several research analyst reports. Bank of America increased their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Truist Financial increased their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Piper Sandler raised their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a research report on Thursday, November 7th. Finally, UBS Group increased their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $251.78.

Insider Activity

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now owns 50,377 shares of the company’s stock, valued at $13,606,323.93. The trade was a 2.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the transaction, the chief operating officer now owns 54,469 shares in the company, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,326 shares of company stock worth $12,448,445. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.7 %

JPMorgan Chase & Co. stock opened at $260.25 on Tuesday. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25. The stock has a market capitalization of $727.69 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 2.83 and a beta of 1.12. The firm has a 50 day simple moving average of $258.99 and a 200-day simple moving average of $237.67. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same quarter in the previous year, the company posted $3.04 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a $1.25 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.92%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of 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.