JPMorgan Chase & Co. $JPM Shares Sold by Park National Corp OH

Park National Corp OH reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 348,262 shares of the financial services provider’s stock after selling 19,552 shares during the period. JPMorgan Chase & Co. makes up approximately 3.3% of Park National Corp OH’s investment portfolio, making the stock its 6th biggest holding. Park National Corp OH’s holdings in JPMorgan Chase & Co. were worth $100,965,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $28,000. University of Illinois Foundation acquired a new position in JPMorgan Chase & Co. during the first quarter valued at $30,000. Curat Global LLC acquired a new position in JPMorgan Chase & Co. during the first quarter valued at $33,000. Capital A Wealth Management LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at $64,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at $72,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JPM has been the subject of a number of research reports. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Evercore ISI set a $298.00 target price on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Monday, July 7th. Citigroup set a $275.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Monday, July 7th. Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Finally, Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 target price for the company. in a research report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $291.67.

JPMorgan Chase & Co. Trading Up 0.4%

Shares of JPMorgan Chase & Co. stock opened at $306.88 on Friday. The firm has a 50-day simple moving average of $293.94 and a two-hundred day simple moving average of $267.32. The company has a market cap of $843.84 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $307.55. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.12 earnings per share. As a group, equities analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the sale, the director owned 82,207 shares of the company’s stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is owned by corporate insiders.

About JPMorgan Chase & Co.

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.