JPMorgan Chase & Co. (NYSE:JPM) is Park National Corp OH’s 6th Largest Position

Park National Corp OH lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 379,172 shares of the financial services provider’s stock after selling 10,467 shares during the period. JPMorgan Chase & Co. comprises about 3.3% of Park National Corp OH’s investment portfolio, making the stock its 6th biggest position. Park National Corp OH’s holdings in JPMorgan Chase & Co. were worth $90,891,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Sterneck Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.8% during the 4th quarter. Sterneck Capital Management LLC now owns 5,299 shares of the financial services provider’s stock valued at $1,270,000 after buying an additional 93 shares in the last quarter. Innova Wealth Partners purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $422,000. One Wealth Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $210,000. Norway Savings Bank grew its position in shares of JPMorgan Chase & Co. by 0.7% in the fourth quarter. Norway Savings Bank now owns 22,260 shares of the financial services provider’s stock valued at $5,336,000 after purchasing an additional 151 shares in the last quarter. Finally, Rise Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 2.3% during the 4th quarter. Rise Advisors LLC now owns 3,256 shares of the financial services provider’s stock valued at $780,000 after purchasing an additional 73 shares during the period. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Royal Bank of Canada raised their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Bank of America boosted their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods lifted their price objective on 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $245.83.

JPMorgan Chase & Co. Trading Up 1.0 %

Shares of JPM opened at $243.16 on Wednesday. JPMorgan Chase & Co. has a fifty-two week low of $164.30 and a fifty-two week high of $254.31. The firm has a market cap of $684.58 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 3.54 and a beta of 1.11. The firm has a 50 day moving average price of $240.46 and a 200-day moving average price of $221.95. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. The firm had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $4.33 earnings per share. As a group, equities research 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. Shareholders of record on Monday, January 6th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 2.06%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 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.