Oxford Wealth Group LLC Takes Position in JPMorgan Chase & Co. (NYSE:JPM)

Oxford Wealth Group LLC acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,902 shares of the financial services provider’s stock, valued at approximately $1,382,000. JPMorgan Chase & Co. makes up about 1.3% of Oxford Wealth Group LLC’s investment portfolio, making the stock its 21st biggest position.

A number of other institutional investors have also made changes to their positions in JPM. Elkhorn Partners Limited Partnership bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth about $601,000. Icon Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 93.3% in the 1st quarter. Icon Wealth Advisors LLC now owns 21,994 shares of the financial services provider’s stock valued at $4,405,000 after purchasing an additional 10,615 shares during the period. Industrial Alliance Investment Management Inc. grew its position in JPMorgan Chase & Co. by 3.3% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,473 shares of the financial services provider’s stock valued at $1,096,000 after purchasing an additional 176 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in JPMorgan Chase & Co. by 32.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 6,374 shares of the financial services provider’s stock worth $1,277,000 after acquiring an additional 1,569 shares during the last quarter. Finally, Benchmark Investment Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 34.4% during the 1st quarter. Benchmark Investment Advisors LLC now owns 5,853 shares of the financial services provider’s stock worth $1,172,000 after acquiring an additional 1,498 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JPM. UBS Group boosted their price objective on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Barclays increased their target price on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Robert W. Baird increased their target price on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Finally, Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $203.17.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded down $1.04 on Wednesday, hitting $214.15. 3,929,001 shares of the stock traded hands, compared to its average volume of 9,181,772. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. The company has a market capitalization of $614.97 billion, a PE ratio of 12.00, a PEG ratio of 2.47 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $217.56. The company’s fifty day moving average is $203.00 and its 200 day moving average is $192.51.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.19 by $1.93. The company had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same quarter in the prior year, the business posted $4.37 earnings per share. On average, equities research analysts predict that JPMorgan Chase & Co. will post 16.67 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is 25.66%.

Insider Activity

In related news, insider Elena A. Korablina sold 21,829 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the sale, the insider now directly owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the completion of the transaction, the insider now directly owns 217,351 shares in the company, valued at $42,087,847.64. The disclosure for this sale can be found here. Insiders sold a total of 72,343 shares of company stock valued at $14,137,789 over the last three months. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. 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.