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

Key Points

• Park National Corp OH has reduced its stake in JPMorgan Chase & Co. by 5.3%, selling 19,552 shares, while currently holding 348,262 shares worth approximately $100.97 million.
• Multiple hedge funds have adjusted their holdings in JPMorgan, with Wimmer Associates and Twin Lakes Capital Management each increasing their stake by 1.0% and 0.3% respectively during the recent quarter.
• JPMorgan reported an earnings per share of $4.96 for the last quarter, surpassing analysts' expectations, despite a 10.5% drop in revenue year-over-year.

Park National Corp OH lowered its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 348,262 shares of the financial services provider's stock after selling 19,552 shares during the period. JPMorgan Chase & Co. makes up about 3.3% of Park National Corp OH's portfolio, making the stock its 6th largest position. Park National Corp OH's holdings in JPMorgan Chase & Co. were worth $100,965,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of JPMorgan Chase & Co. by 25,861.9% during the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock valued at $5,778,289,000 after purchasing an additional 23,465,278 shares during the last quarter. Nuveen LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $3,972,807,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in JPMorgan Chase & Co. by 16.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,550,491 shares of the financial services provider's stock valued at $4,207,028,000 after buying an additional 2,465,572 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $454,042,000. Finally, National Bank of Canada FI grew its stake in shares of JPMorgan Chase & Co. by 44.4% during the first quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider's stock worth $1,108,415,000 after acquiring an additional 1,388,992 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

JPM traded up $1.32 during trading on Friday, hitting $306.88. The company's stock had a trading volume of 6,845,781 shares, compared to its average volume of 6,719,976. The firm has a market capitalization of $843.84 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 2.04 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $307.55. The business's fifty day simple moving average is $293.94 and its 200 day simple moving average is $267.44. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. The firm had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business's revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $6.12 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Activity

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 currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on JPM shares. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a research report on Wednesday, July 9th. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Friday, June 27th. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Finally, Phillip Securities cut JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and a consensus price target of $291.67.

JPMorgan Chase & Co. Company Profile

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.