Scissortail Wealth Management LLC Raises Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Scissortail Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 14.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,918 shares of the financial services provider’s stock after buying an additional 3,241 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.7% of Scissortail Wealth Management LLC’s holdings, making the stock its 16th biggest holding. Scissortail Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in JPM. HBC Financial Services PLLC lifted its stake in JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 90 shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new position in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $32,000. Financial Connections Group Inc. increased its stake in JPMorgan Chase & Co. by 48.5% during the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock worth $34,000 after buying an additional 100 shares during the period. Horizons Wealth Management purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth approximately $39,000. Finally, New Millennium Group LLC purchased a new position in JPMorgan Chase & Co. in the 2nd quarter valued at approximately $39,000. 67.89% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 0.9 %

NYSE:JPM opened at $138.45 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $159.03. The stock’s 50 day moving average price is $134.78 and its 200 day moving average price is $123.13. The company has a market capitalization of $406.10 billion, a PE ratio of 11.46, a P/E/G ratio of 2.10 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.11 by $0.46. The business had revenue of $34.55 billion for the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.33 EPS. On average, research analysts anticipate that JPMorgan Chase & Co. will post 12.88 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.11%.

Insider Buying and Selling

In related news, Director Mellody L. Hobson acquired 375 shares of the firm’s stock in a transaction on Thursday, January 19th. The stock was bought at an average cost of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, General Counsel Stacey Friedman sold 23,148 shares of the business’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the transaction, the general counsel now directly owns 48,311 shares in the company, valued at $6,778,516.41. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mellody L. Hobson purchased 375 shares of the business’s stock in a transaction that occurred on Thursday, January 19th. The shares were purchased at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the acquisition, the director now directly owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The disclosure for this purchase can be found here. Insiders have sold a total of 37,887 shares of company stock valued at $5,315,762 over the last quarter. 0.79% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

JPM has been the topic of several analyst reports. Citigroup increased their price objective on JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. StockNews.com initiated coverage on JPMorgan Chase & Co. in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Royal Bank of Canada set a $130.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Finally, Credit Suisse Group set a $155.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 17th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.89.

JPMorgan Chase & Co. Company Profile

(Get Rating)

JPMorgan Chase & Co is a financial holding company. It provides 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.

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

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