JPMorgan Chase & Co. $JPM Shares Sold by Oxford Financial Group LTD. LLC

Key Points

• Oxford Financial Group reduced its JPMorgan stake by 29.1% in the second quarter, selling 13,037 shares and retaining 31,778 shares valued at approximately $10.4 million.
• Institutional ownership remains substantial, with investors and hedge funds holding 71.55% of JPMorgan’s shares; several major institutions, including Bank of America and Dimensional Fund Advisors, increased their positions.
• JPMorgan reported quarterly earnings and revenue above expectations and raised its dividend 10% to $1.65 per share. Analysts maintain a “Moderate Buy” consensus, though Zacks downgraded the stock to “Hold.”

Oxford Financial Group LTD. LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 29.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,778 shares of the financial services provider's stock after selling 13,037 shares during the quarter. JPMorgan Chase & Co. makes up 0.5% of Oxford Financial Group LTD. LLC's portfolio, making the stock its 20th largest holding. Oxford Financial Group LTD. LLC's holdings in JPMorgan Chase & Co. were worth $10,402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in JPM. Bank of America Corp DE increased its position in JPMorgan Chase & Co. by 15.8% in the first quarter. Bank of America Corp DE now owns 65,660,460 shares of the financial services provider's stock worth $19,314,681,000 after buying an additional 8,941,351 shares during the period. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $11,396,496,000. Bank of New York Mellon Corp boosted its holdings in shares of JPMorgan Chase & Co. by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 21,642,804 shares of the financial services provider's stock valued at $7,084,339,000 after acquiring an additional 540,362 shares during the period. Legal & General Group Plc grew its position in shares of JPMorgan Chase & Co. by 0.6% during the fourth quarter. Legal & General Group Plc now owns 19,019,564 shares of the financial services provider's stock worth $6,128,484,000 after acquiring an additional 110,586 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of JPMorgan Chase & Co. by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 18,968,884 shares of the financial services provider's stock worth $5,578,788,000 after acquiring an additional 607,288 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. News Roundup

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan raised its quarterly common-stock dividend by 10%, from $1.50 to $1.65 per share. The higher payout reinforces the bank’s strong capital position and increases shareholder returns, although the stock’s 1.9% indicated yield remains modest. JPMorgan’s New Dividend Signals More Cash for Investors
• Positive Sentiment: Management continues to forecast strong third-quarter investment-banking fees and trading revenue, while JPMorgan’s commercial and investment banking chief said he sees no major systemic warning signs in the U.S. economy. The outlook supports expectations for continued earnings momentum. JPMorgan Expects Investment Banking and Trading to Shine
• Positive Sentiment: Chase launched “Invest Your Points,” allowing eligible Ultimate Rewards customers to direct credit-card points into qualifying J.P. Morgan Self-Directed Investing or advised accounts. The feature could deepen customer relationships and funnel assets into JPMorgan’s wealth-management business. Chase Expands Ultimate Rewards With Invest Your Points
• Neutral Sentiment: Goldman Sachs reduced its JPMorgan price target to $436 from $452 but maintained a Buy rating. The lower target may temper near-term enthusiasm, while the rating still implies substantial longer-term upside. Goldman Sachs Adjusts JPMorgan Price Target
• Negative Sentiment: Zacks Research downgraded JPMorgan from Strong Buy to Hold, adding short-term pressure after the stock’s strong run and raising concerns that earnings growth may be slowing. JPMorgan Versus Wells Fargo
• Negative Sentiment: JPMorgan’s Federal Reserve scenario analysis projects a potential 2% S&P 500 decline if policymakers signal that rates must move materially higher. Because banks are sensitive to economic growth, credit quality and market activity, uncertainty over Chair Kevin Warsh’s guidance is likely weighing on financial stocks. JPMorgan Fed Scenario Analysis

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an "outperform" rating in a research report on Wednesday, July 15th. Citigroup upped their target price on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a "neutral" rating in a research report on Monday, July 20th. Jefferies Financial Group set a $350.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 14th. Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, Evercore reiterated an "outperform" rating and set a $360.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $359.96.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total transaction of $882,025.00. Following the completion of the transaction, the insider directly owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. This trade represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total value of $1,808,100.91. Following the transaction, the general counsel owned 40,961 shares in the company, valued at approximately $13,547,031.53. This trade represents a 11.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,467 shares of company stock worth $3,593,651 in the last quarter. Company insiders own 0.41% of the company's stock.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $349.10 on Thursday. The company has a market capitalization of $927.96 billion, a P/E ratio of 14.96, a PEG ratio of 1.45 and a beta of 0.98. The company has a 50-day simple moving average of $353.19 and a 200 day simple moving average of $323.32. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.59 by $0.55. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm had revenue of $58.02 billion for the quarter, compared to analysts' expectations of $50.72 billion. During the same quarter last year, the company earned $4.96 EPS. JPMorgan Chase & Co.'s quarterly revenue was up 27.7% on a year-over-year basis. Sell-side analysts predict that JPMorgan Chase & Co. will post 24.3 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be issued a $1.65 dividend. This represents a $6.60 annualized dividend and a dividend yield of 1.9%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.50. The ex-dividend date is Tuesday, October 6th. JPMorgan Chase & Co.'s payout ratio is 25.71%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.

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