Park National Corp Trimmed Position in J P Morgan Chase & Company (JPM) as Market Value Declined

June 18, 2018 - By Kurt Siggers

JPMorgan Chase & Co. (NYSE:JPM) LogoInvestors sentiment decreased to 0.81 in Q1 2018. Its down 0.07, from 0.88 in 2017Q4. It turned negative, as 52 investors sold JPM shares while 843 reduced holdings. 132 funds opened positions while 596 raised stakes. 2.39 billion shares or 2.61% less from 2.46 billion shares in 2017Q4 were reported. Sumitomo Mitsui Asset Mngmt Com reported 0.51% in JPMorgan Chase & Co. (NYSE:JPM). Stieven Cap Advsrs Ltd Partnership holds 61,900 shares or 1.08% of its portfolio. Victory Capital Management Inc has invested 0.2% in JPMorgan Chase & Co. (NYSE:JPM). Caprock Grp Inc Inc accumulated 26,094 shares. Horseman Capital Mngmt Limited stated it has 2.28% in JPMorgan Chase & Co. (NYSE:JPM). Marble Harbor Counsel Llc reported 3,206 shares stake. First Eagle Invest Management Ltd Co stated it has 30,000 shares. Brandywine Glob Management Limited Com reported 3.75% in JPMorgan Chase & Co. (NYSE:JPM). Cornerstone Capital invested in 0.13% or 6,998 shares. Gardner Russo & Gardner Limited Liability holds 0% or 2,000 shares. Reik Ltd Liability Com holds 2,722 shares. Moreover, D L Carlson Grp has 2.59% invested in JPMorgan Chase & Co. (NYSE:JPM). Guyasuta Inv has 36,176 shares for 0.47% of their portfolio. Comm Retail Bank stated it has 1.68% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Fny Managed Accounts Ltd holds 0% or 4 shares.

Since January 13, 2018, it had 3 buys, and 8 selling transactions for $18.63 million activity. 13,000 shares were bought by Combs Todd A., worth $1.49M on Monday, May 14. Giles Nicole sold $425,399 worth of stock. Another trade for 16,434 shares valued at $1.84M was sold by BACON ASHLEY. $7.31M worth of stock was sold by Erdoes Mary E. on Saturday, January 13. Shares for $1.91M were sold by Scher Peter. $1.03 million worth of JPMorgan Chase & Co. (NYSE:JPM) shares were sold by Lake Marianne.

Park National Corp decreased its stake in J P Morgan Chase & Company (JPM) by 8.38% based on its latest 2018Q1 regulatory filing with the SEC. Park National Corp sold 54,983 shares as the company’s stock declined 6.83% with the market. The institutional investor held 601,047 shares of the major banks company at the end of 2018Q1, valued at $66.10M, down from 656,030 at the end of the previous reported quarter. Park National Corp who had been investing in J P Morgan Chase & Company for a number of months, seems to be less bullish one the $367.33B market cap company. The stock decreased 0.12% or $0.13 during the last trading session, reaching $107.9. About 26.03M shares traded or 76.80% up from the average. JPMorgan Chase & Co. (NYSE:JPM) has risen 29.65% since June 18, 2017 and is uptrending. It has outperformed by 17.08% the S&P500.

Park National Corp, which manages about $1.72B US Long portfolio, upped its stake in International Business Machine (NYSE:IBM) by 27,775 shares to 253,981 shares, valued at $38.97 million in 2018Q1, according to the filing.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13 before the open. They expect $2.25 EPS, up 23.63 % or $0.43 from last year’s $1.82 per share. JPM’s profit will be $7.66 billion for 11.99 P/E if the $2.25 EPS becomes a reality. After $2.37 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -5.06 % negative EPS growth.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Bizjournals.com which released: “Will Chase avoid Citi’s stumbles in Boston? Bankers think so.” on June 05, 2018, also Seekingalpha.com with their article: “What’s Going On With JPMorgan?” published on June 17, 2018, Benzinga.com published: “A Concerning Weakness In Bank Stocks” on June 16, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Thestreet.com and their article: “5 Reasons Why JPMorgan Will Be a Monster Trade” published on May 30, 2018 as well as Seekingalpha.com‘s news article titled: “JPMorgan (JPM) Management Presents at Morgan Stanley Financials Conference (Transcript)” with publication date: June 13, 2018.

JPMorgan Chase & Co. (NYSE:JPM) Ratings Coverage

Among 18 analysts covering JP Morgan Chase (NYSE:JPM), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. JP Morgan Chase has $136 highest and $108.0 lowest target. $121.53’s average target is 12.63% above currents $107.9 stock price. JP Morgan Chase had 30 analyst reports since December 20, 2017 according to SRatingsIntel. The company was maintained on Friday, February 2 by Morgan Stanley. As per Wednesday, February 21, the company rating was maintained by Morgan Stanley. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Hold” rating by Robert W. Baird on Tuesday, January 2. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by Keefe Bruyette & Woods on Tuesday, February 13. As per Sunday, April 15, the company rating was maintained by Jefferies. Wells Fargo maintained JPMorgan Chase & Co. (NYSE:JPM) on Wednesday, December 20 with “Buy” rating. The firm has “Hold” rating given on Friday, April 13 by BMO Capital Markets. Barclays Capital maintained it with “Buy” rating and $132.0 target in Tuesday, January 2 report. Credit Suisse maintained JPMorgan Chase & Co. (NYSE:JPM) on Wednesday, January 24 with “Buy” rating. The rating was maintained by RBC Capital Markets on Friday, January 12 with “Buy”.

JPMorgan Chase & Co. (NYSE:JPM) Institutional Positions Chart

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