Park National Corp OH Has $104.93 Million Stock Position in JPMorgan Chase & Co. $JPM

Park National Corp OH trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.5% during the third quarter, Holdings Channel reports. The fund owned 332,664 shares of the financial services provider’s stock after selling 15,598 shares during the quarter. JPMorgan Chase & Co. accounts for 3.3% of Park National Corp OH’s holdings, making the stock its 7th largest position. Park National Corp OH’s holdings in JPMorgan Chase & Co. were worth $104,932,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Brighton Jones LLC boosted its holdings in JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after acquiring an additional 4,841 shares during the period. Acorns Advisers LLC lifted its position in shares of JPMorgan Chase & Co. by 6.9% during the 1st quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 100 shares during the last quarter. Waddell & Associates LLC lifted its position in shares of JPMorgan Chase & Co. by 5.5% during the 1st quarter. Waddell & Associates LLC now owns 11,877 shares of the financial services provider’s stock worth $2,913,000 after purchasing an additional 617 shares during the last quarter. Knuff & Co LLC boosted its stake in JPMorgan Chase & Co. by 2.3% during the 1st quarter. Knuff & Co LLC now owns 2,369 shares of the financial services provider’s stock valued at $581,000 after purchasing an additional 54 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in JPMorgan Chase & Co. by 4.7% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 666,789 shares of the financial services provider’s stock valued at $163,563,000 after buying an additional 29,877 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research analyst reports. Dbs Bank upgraded JPMorgan Chase & Co. to a “hold” rating in a report on Tuesday, October 21st. Zacks Research lowered shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Wells Fargo & Company upped their target price on shares of JPMorgan Chase & Co. from $345.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a “hold” rating in a report on Tuesday, September 30th. Finally, Daiwa Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Fifteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $327.05.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $315.85 on Wednesday. The stock’s fifty day simple moving average is $307.15 and its 200 day simple moving average is $297.62. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $322.88. The firm has a market cap of $859.84 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 1.66 and a beta of 1.08. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.86.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The company had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $44.42 billion. During the same period last year, the business earned $4.37 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. On average, analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Tuesday, January 6th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.72%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 966 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $311.92, for a total value of $301,314.72. Following the transaction, the insider directly owned 58,479 shares in the company, valued at $18,240,769.68. The trade was a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company Profile

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.