Park National Corp OH Trims Stake in JPMorgan Chase & Co. (NYSE:JPM)

Park National Corp OH decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 379,172 shares of the financial services provider’s stock after selling 10,467 shares during the quarter. JPMorgan Chase & Co. comprises approximately 3.3% of Park National Corp OH’s investment portfolio, making the stock its 6th largest position. Park National Corp OH’s holdings in JPMorgan Chase & Co. were worth $90,891,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. Eagle Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock valued at $4,423,000 after acquiring an additional 84 shares in the last quarter. Fiera Capital Corp increased its stake in JPMorgan Chase & Co. by 1.7% in the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock valued at $756,000 after purchasing an additional 63 shares in the last quarter. Vawter Financial Ltd. increased its stake in JPMorgan Chase & Co. by 30.5% in the second quarter. Vawter Financial Ltd. now owns 3,550 shares of the financial services provider’s stock valued at $718,000 after purchasing an additional 829 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 6.7% during the second quarter. Foundations Investment Advisors LLC now owns 95,156 shares of the financial services provider’s stock valued at $19,246,000 after purchasing an additional 5,946 shares during the period. Finally, Wealth Effects LLC boosted its position in shares of JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Wealth Effects LLC now owns 30,788 shares of the financial services provider’s stock worth $6,227,000 after purchasing an additional 311 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on JPM. Royal Bank of Canada boosted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Bank of America increased their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a research note on Tuesday, December 3rd. Finally, Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $245.83.

JPMorgan Chase & Co. Stock Up 1.0 %

Shares of NYSE:JPM opened at $243.16 on Wednesday. JPMorgan Chase & Co. has a 1 year low of $164.30 and a 1 year high of $254.31. The company has a market capitalization of $684.58 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The business has a fifty day moving average price of $240.46 and a two-hundred day moving average price of $221.95. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.33 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.06%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

JPMorgan Chase & Co. Company Profile

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.