Park National Corp OH reduced its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 669,044 shares of the financial services provider’s stock after selling 6,033 shares during the period. J P Morgan Chase & Co accounts for approximately 3.7% of Park National Corp OH’s holdings, making the stock its 2nd biggest position. Park National Corp OH’s holdings in J P Morgan Chase & Co were worth $63,900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atlantic Trust LLC bought a new stake in shares of J P Morgan Chase & Co during the 2nd quarter worth $136,000. Northwest Investment Counselors LLC bought a new stake in shares of J P Morgan Chase & Co during the 2nd quarter worth $165,000. Capital Advisors Ltd. LLC boosted its holdings in shares of J P Morgan Chase & Co by 53.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after buying an additional 670 shares during the period. Tortoise Investment Management LLC boosted its holdings in shares of J P Morgan Chase & Co by 59.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock worth $179,000 after buying an additional 731 shares during the period. Finally, Tanaka Capital Management Inc. boosted its holdings in shares of J P Morgan Chase & Co by 15.3% during the 2nd quarter. Tanaka Capital Management Inc. now owns 1,994 shares of the financial services provider’s stock worth $182,000 after buying an additional 264 shares during the period. 73.93% of the stock is owned by institutional investors and hedge funds.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the transaction, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.88% of the company’s stock.

A number of brokerages have weighed in on JPM. Royal Bank of Canada reissued a “buy” rating on shares of J P Morgan Chase & Co in a report on Friday, December 8th. Wells Fargo & Company increased their price target on shares of J P Morgan Chase & Co from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of J P Morgan Chase & Co in a report on Wednesday, October 11th. Citigroup increased their price target on shares of J P Morgan Chase & Co from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, October 6th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $110.00 price target (up from $103.00) on shares of J P Morgan Chase & Co in a report on Monday, October 9th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $92.18.

J P Morgan Chase & Co (JPM) opened at $106.14 on Monday. J P Morgan Chase & Co has a one year low of $81.64 and a one year high of $108.40. The stock has a market cap of $368,276.72, a price-to-earnings ratio of 15.29, a PEG ratio of 2.30 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The company had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same quarter in the prior year, the company posted $1.58 EPS. The business’s revenue was up 2.6% on a year-over-year basis. sell-side analysts forecast that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Thursday, January 4th. J P Morgan Chase & Co’s dividend payout ratio is 32.28%.

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J P Morgan Chase & Co Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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