Scissortail Wealth Management LLC Boosts Position in JPMorgan Chase & Co. (NYSE:JPM)

Scissortail Wealth Management LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 7,015.1% during the 4th quarter, Holdings Channel reports. The fund owned 28,247 shares of the financial services provider’s stock after purchasing an additional 27,850 shares during the period. JPMorgan Chase & Co. makes up about 1.7% of Scissortail Wealth Management LLC’s holdings, making the stock its 18th largest holding. Scissortail Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,771,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in JPM. Redwood Park Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $29,000. Sellwood Investment Partners LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth $34,000. Investment Counsel Co. of Nevada acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $37,000. Prudent Man Investment Management Inc. purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at $43,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $43,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the completion of the sale, the chief financial officer now owns 18,017 shares of the company’s stock, valued at $4,518,123.09. This represents a 68.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the sale, the chief operating officer now owns 54,469 shares of the company’s stock, valued at $14,698,459.65. This represents a 7.27% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,188 shares of company stock worth $33,095,363. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $267.65 on Friday. JPMorgan Chase & Co. has a one year low of $190.88 and a one year high of $280.25. The stock has a market cap of $743.83 billion, a PE ratio of 13.56, a P/E/G ratio of 2.83 and a beta of 1.07. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The stock has a 50 day moving average price of $240.72 and a 200 day moving average price of $246.92.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same period last year, the company earned $4.44 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were given a dividend of $1.40 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.49%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on JPM shares. Truist Financial set a $261.00 target price on JPMorgan Chase & Co. in a research report on Monday, April 14th. Evercore ISI dropped their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. KGI Securities assumed coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a “hold” rating for the company. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday. They issued a “buy” rating and a $305.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $258.26.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.