Scissortail Wealth Management LLC Purchases 27,850 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Scissortail Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7,015.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 portfolio, making the stock its 18th biggest 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 institutional investors have also added to or reduced their stakes in JPM. DDD Partners LLC boosted its holdings in JPMorgan Chase & Co. by 2.8% during the 4th quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider's stock valued at $339,000 after acquiring an additional 38 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 1.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider's stock worth $622,000 after purchasing an additional 38 shares during the period. Rappaport Reiches Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 3.8% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider's stock worth $256,000 after purchasing an additional 39 shares during the last quarter. Yoder Wealth Management Inc. boosted its stake in shares of JPMorgan Chase & Co. by 2.8% during the fourth quarter. Yoder Wealth Management Inc. now owns 1,436 shares of the financial services provider's stock valued at $344,000 after purchasing an additional 39 shares during the period. Finally, Almanack Investment Partners LLC. boosted its stake in shares of JPMorgan Chase & Co. by 0.8% during the fourth quarter. Almanack Investment Partners LLC. now owns 5,143 shares of the financial services provider's stock valued at $1,233,000 after purchasing an additional 39 shares during the period. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $267.65 on Friday. The firm's fifty day simple moving average is $240.72 and its two-hundred day simple moving average is $246.92. The firm has a market capitalization of $743.83 billion, a P/E ratio of 13.56, a P/E/G ratio of 2.83 and a beta of 1.07. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $190.88 and a 12-month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same period in the previous year, the business earned $4.44 EPS. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. Analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were paid a dividend of $1.40 per share. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date was Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.09%. JPMorgan Chase & Co.'s payout ratio is presently 27.49%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. StockNews.com raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday. KGI Securities began coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating on the stock. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. TD Cowen started coverage on JPMorgan Chase & Co. in a research note on Thursday. They issued a "buy" rating and a $305.00 price objective on the stock. Finally, Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.26.

Insider Activity

In other news, COO Jennifer Piepszak sold 4,273 shares of the business's stock in a transaction on Thursday, February 20th. The shares were 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 directly owns 54,469 shares of the company's stock, valued at $14,698,459.65. The trade was a 7.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now directly owns 50,377 shares in the company, valued at approximately $13,606,323.93. The trade was a 2.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,188 shares of company stock worth $33,095,363 over the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

About JPMorgan Chase & Co.

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.

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