Park National Corp OH Has $56.63 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Park National Corp OH grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 502,857 shares of the financial services provider’s stock after acquiring an additional 7,929 shares during the period. JPMorgan Chase & Co. comprises approximately 2.7% of Park National Corp OH’s holdings, making the stock its 5th largest position. Park National Corp OH’s holdings in JPMorgan Chase & Co. were worth $56,627,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Dravo Bay LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter worth $26,000. Advanced Research Investment Solutions LLC boosted its holdings in JPMorgan Chase & Co. by 118.2% in the 1st quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider’s stock worth $39,000 after buying an additional 156 shares during the period. Swaine & Leidel Wealth Services LLC bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $44,000. Landmark Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $46,000. Finally, Cordant Inc. bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $47,000. Institutional investors own 68.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on JPM. Oppenheimer dropped their price objective on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a report on Friday, July 15th. Berenberg Bank raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price objective for the company in a report on Monday, July 18th. Morgan Stanley dropped their price objective on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a report on Tuesday, July 12th. BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $156.00 in a report on Tuesday, May 24th. Finally, UBS Group dropped their price objective on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $117.08 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.83. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96. The firm has a market capitalization of $343.35 billion, a P/E ratio of 9.36, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The company’s 50-day moving average is $115.80 and its 200 day moving average is $122.88.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.76. The company had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $3.78 EPS. Research analysts forecast that JPMorgan Chase & Co. will post 11.31 EPS for the current year.

JPMorgan Chase & Co. Profile

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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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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