Oxford Financial Group Ltd. Has $5.08 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Oxford Financial Group Ltd. increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,972 shares of the financial services provider’s stock after purchasing an additional 115 shares during the quarter. JPMorgan Chase & Co. makes up 0.6% of Oxford Financial Group Ltd.’s holdings, making the stock its 26th largest position. Oxford Financial Group Ltd.’s holdings in JPMorgan Chase & Co. were worth $5,078,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 105,652.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after buying an additional 97,907,897 shares during the last quarter. Morgan Stanley boosted its position in JPMorgan Chase & Co. by 15.9% during the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after purchasing an additional 8,088,433 shares during the period. Geode Capital Management LLC boosted its position in JPMorgan Chase & Co. by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 51,248,625 shares of the financial services provider’s stock worth $6,859,512,000 after purchasing an additional 1,082,325 shares during the period. Price T Rowe Associates Inc. MD boosted its position in JPMorgan Chase & Co. by 71.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock worth $4,087,917,000 after purchasing an additional 12,654,947 shares during the period. Finally, Norges Bank bought a new position in JPMorgan Chase & Co. during the fourth quarter worth $3,894,646,000. 68.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $157.16, for a total value of $677,359.60. Following the sale, the general counsel now owns 57,735 shares of the company’s stock, valued at $9,073,632.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, General Counsel Stacey Friedman sold 4,310 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $157.16, for a total value of $677,359.60. Following the completion of the sale, the general counsel now owns 57,735 shares of the company’s stock, valued at $9,073,632.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer Piepszak sold 1,871 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $140.70, for a total transaction of $263,249.70. Following the transaction, the chief executive officer now owns 22,926 shares of the company’s stock, valued at approximately $3,225,688.20. The disclosure for this sale can be found here. Insiders have sold a total of 13,593 shares of company stock worth $1,992,388 in the last ninety days. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPM stock traded up $0.49 during midday trading on Monday, reaching $146.82. 7,903,400 shares of the stock were exchanged, compared to its average volume of 11,495,686. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $159.38. The company has a fifty day moving average price of $150.30 and a 200 day moving average price of $141.26. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $426.67 billion, a PE ratio of 9.45, a P/E/G ratio of 1.89 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.75. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The business had revenue of $42.40 billion during the quarter, compared to analyst estimates of $38.66 billion. During the same quarter last year, the business earned $2.76 EPS. The firm’s quarterly revenue was up 34.1% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 15.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research reports. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $158.00 to $168.00 in a research note on Monday, July 17th. Societe Generale lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Barclays increased their target price on JPMorgan Chase & Co. from $179.00 to $182.00 in a research note on Sunday, July 16th. 888 reissued a “maintains” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 26th. Finally, StockNews.com initiated coverage on JPMorgan Chase & Co. in a report on Thursday, August 17th. They set a “hold” rating for the company. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $165.89.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in providing 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.