Scissortail Wealth Management LLC Acquires 35,027 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Scissortail Wealth Management LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 123.2% during the fourth quarter, HoldingsChannel reports. The firm owned 63,455 shares of the financial services provider’s stock after buying an additional 35,027 shares during the period. JPMorgan Chase & Co. comprises about 3.5% of Scissortail Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. Scissortail Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $10,961,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Macroview Investment Management LLC increased its stake in shares of JPMorgan Chase & Co. by 7,833.3% during the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 235 shares during the period. Briaud Financial Planning Inc acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth about $40,000. Morton Brown Family Wealth LLC increased its stake in shares of JPMorgan Chase & Co. by 2,308.3% during the fourth quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 277 shares during the period. Bear Mountain Capital Inc. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $51,000. Finally, FSC Wealth Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 290.9% during the third quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 288 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $179.00, for a total transaction of $602,872.00. Following the transaction, the insider now owns 202,093 shares of the company’s stock, valued at $36,174,647. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.4 %

Shares of NYSE JPM opened at $192.11 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91. The company has a market capitalization of $551.76 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 2.34 and a beta of 1.15. The firm’s 50-day moving average is $189.46 and its two-hundred day moving average is $169.90. JPMorgan Chase & Co. has a 12-month low of $131.81 and a 12-month high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a dividend of $1.15 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.39%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Wall Street Analyst Weigh In

JPM has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their target price for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. BMO Capital Markets lowered their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. Royal Bank of Canada restated an “outperform” rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Finally, Evercore ISI upped their target price on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.