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

Park National Corp OH decreased its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 379,172 shares of the financial services provider's stock after selling 10,467 shares during the quarter. JPMorgan Chase & Co. makes up 3.3% of Park National Corp OH's holdings, making the stock its 6th largest 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.

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

JPMorgan Chase & Co. Trading Down 0.1 %

Shares of NYSE JPM traded down $0.14 during midday trading on Wednesday, reaching $243.03. 8,671,845 shares of the stock were exchanged, compared to its average volume of 9,210,940. The stock has a market capitalization of $684.21 billion, a P/E ratio of 13.52, a PEG ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $164.30 and a twelve month high of $254.31. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50 day simple moving average of $240.83 and a 200 day simple moving average of $222.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.02 by $0.35. The business had revenue of $43.32 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.33 EPS. As a group, equities analysts expect 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 given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.82%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $257.00 to $304.00 and gave the stock an "overweight" rating in a research note on Monday. Royal Bank of Canada boosted their price objective 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. Wolfe Research upgraded JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price on the stock in a research report on Friday, January 3rd. Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, Morgan Stanley lowered JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and raised their price objective for the company from $220.00 to $224.00 in a report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $245.83.

JPMorgan Chase & Co. 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.