JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Scissortail Wealth Management LLC

Scissortail Wealth Management LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 14.3% during the third quarter, HoldingsChannel.com reports. The fund owned 25,918 shares of the financial services provider’s stock after acquiring an additional 3,241 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.7% of Scissortail Wealth Management LLC’s holdings, making the stock its 16th largest 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).

Other large investors also recently bought and sold shares of the company. Karpas Strategies LLC boosted its position in JPMorgan Chase & Co. by 0.4% during the 3rd quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock worth $2,251,000 after purchasing an additional 80 shares during the period. Strategic Family Wealth Counselors L.L.C. lifted its stake in shares of JPMorgan Chase & Co. by 3.3% during the second quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,685 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 85 shares in the last quarter. Keb Asset Management LLC boosted its position in shares of JPMorgan Chase & Co. by 2.5% in the third quarter. Keb Asset Management LLC now owns 3,485 shares of the financial services provider’s stock worth $364,000 after buying an additional 85 shares during the period. Royal Capital Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Royal Capital Wealth Management LLC now owns 19,759 shares of the financial services provider’s stock valued at $2,225,000 after buying an additional 87 shares in the last quarter. Finally, Altus Wealth Group LLC grew its stake in shares of JPMorgan Chase & Co. by 1.4% in the second quarter. Altus Wealth Group LLC now owns 6,281 shares of the financial services provider’s stock valued at $1,028,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.

Insider Buying and Selling

In related news, CEO Mary E. Erdoes sold 10,340 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the completion of the transaction, the chief executive officer now owns 544,136 shares in the company, valued at approximately $76,336,839.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Mary E. Erdoes sold 10,340 shares of the stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total value of $1,450,598.60. Following the sale, the chief executive officer now owns 544,136 shares of the company’s stock, valued at approximately $76,336,839.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mellody L. Hobson bought 375 shares of JPMorgan Chase & Co. stock in a transaction 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 purchase, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 37,887 shares of company stock valued at $5,315,762. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on JPM. Deutsche Bank Aktiengesellschaft lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price target for the stock from $155.00 to $145.00 in a research report on Friday, January 6th. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. Oppenheimer raised their price target on shares of JPMorgan Chase & Co. from $169.00 to $177.00 and gave the company an “outperform” rating in a report on Tuesday, January 17th. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, BMO Capital Markets lifted their target price on JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a research report on Monday, October 17th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $147.89.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $138.45 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $159.03. The company has a fifty day moving average price of $134.78 and a two-hundred day moving average price of $123.13. The company has a market cap 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 posted its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, beating the consensus estimate of $3.11 by $0.46. The business had revenue of $34.55 billion during the quarter, compared to analyst estimates 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 business posted $3.33 EPS. Research analysts expect that JPMorgan Chase & Co. will post 12.88 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be given 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 payout ratio is 33.11%.

JPMorgan Chase & Co. Profile

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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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