Scissortail Wealth Management LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 55.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,202 shares of the financial services provider’s stock after selling 34,488 shares during the period. JPMorgan Chase & Co. accounts for 3.6% of Scissortail Wealth Management LLC’s portfolio, making the stock its 6th largest holding. Scissortail Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $94,759,339,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. Cantor Fitzgerald Investment Advisor L.P lifted its holdings in shares of JPMorgan Chase & Co. by 81.1% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after buying an additional 99,636 shares during the last quarter. BCK Partners Inc. acquired a new position in JPMorgan Chase & Co. during the 1st quarter valued at $2,455,000. LSV Asset Management boosted its holdings in JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after purchasing an additional 9,800 shares during the period. Wsfs Capital Management LLC grew its position in JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 1,451.4% during the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 3,527 shares during the period. Institutional investors own 70.10% of the company’s stock.
JPMorgan Chase & Co. Stock Performance
Shares of NYSE:JPM opened at $156.02 on Friday. The business has a fifty day moving average of $146.36 and a 200-day moving average of $139.83. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.85 and a current ratio of 0.90. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $159.38. The firm has a market cap of $455.94 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 2.04 and a beta of 1.10.
JPMorgan Chase & Co. Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 6th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.74%.
Insider Buying and Selling at JPMorgan Chase & Co.
In other news, CEO Daniel E. Pinto sold 113,640 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the completion of the sale, the chief executive officer now owns 566,665 shares in the company, valued at $77,026,773.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Daniel E. Pinto sold 113,640 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $135.93, for a total value of $15,447,085.20. Following the transaction, the chief executive officer now owns 566,665 shares of the company’s stock, valued at approximately $77,026,773.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas B. Petno sold 4,930 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $142.16, for a total transaction of $700,848.80. Following the sale, the chief executive officer now directly owns 277,161 shares of the company’s stock, valued at $39,401,207.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,861 shares of company stock worth $19,858,275. Insiders own 0.79% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $160.00 to $173.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Atlantic Securities boosted their price objective on JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays raised their target price on JPMorgan Chase & Co. from $179.00 to $182.00 in a research report on Sunday, July 16th. Societe Generale lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Finally, BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a report on Tuesday, May 2nd. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.39.
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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
Read More
- Five stocks we like better than JPMorgan Chase & Co.
- How to Effectively Use the MarketBeat Ratings Screener
- 3 Best Meme ETFs to Buy Now
- How to Invest in Insurance Companies: A Guide
- XPO Keeps Reaching New Highs: Markets Love the Stock
- What Are Trending Stocks? Trending Stocks Explained
- Starbucks Market at a Turning Point: Is a Breakout Imminent?
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
