Oxbow Advisors LLC Sells 1,847 Shares of JPMorgan Chase & Co. (JPM)

Oxbow Advisors LLC trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,078 shares of the financial services provider’s stock after selling 1,847 shares during the quarter. Oxbow Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,541,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock worth $301,000 after buying an additional 12 shares in the last quarter. IPG Investment Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 0.3% during the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after buying an additional 17 shares in the last quarter. BSW Wealth Partners raised its stake in shares of JPMorgan Chase & Co. by 0.5% during the 1st quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock worth $429,000 after buying an additional 26 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after buying an additional 26 shares in the last quarter. Finally, Financial Advisory Service Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.7% during the 1st quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock worth $442,000 after buying an additional 36 shares in the last quarter. 73.75% of the stock is owned by institutional investors.

JPM has been the subject of a number of analyst reports. Barclays increased their target price on JPMorgan Chase & Co. from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Credit Suisse Group reissued a “buy” rating and set a $110.00 target price (up from $103.00) on shares of JPMorgan Chase & Co. in a research note on Monday, October 9th. They noted that the move was a valuation call. Oppenheimer reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, October 12th. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $99.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Finally, Wells Fargo & Co set a $120.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $92.35.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $107.02 on Wednesday. The company has a market capitalization of $372,822.03, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 2.33 and a beta of 1.22. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $108.46.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. The firm had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. JPMorgan Chase & Co.’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 EPS. equities research analysts forecast that JPMorgan Chase & Co. will post 6.92 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.28%.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the sale, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.88% of the stock is currently owned by corporate insiders.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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