Atalanta Sosnoff Capital buys $92,428,583 stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Atalanta Sosnoff Capital scooped up 66,447 additional shares in JPMorgan Chase & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 1,493,916 shares of JPMorgan Chase & Co. which is valued at $92,428,583.JPMorgan Chase & Co. makes up approximately 2.88% of Atalanta Sosnoff Capital’s portfolio.

JPMorgan Chase & Co. closed down -0.72 points or -1.15% at $61.87 with 1,92,90,707 shares getting traded on Friday. Post opening the session at $62.88, the shares hit an intraday low of $61.45 and an intraday high of $62.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Oakwood Capital Managementca boosted its stake in JPM in the latest quarter, The investment management firm added 4,989 additional shares and now holds a total of 114,300 shares of JPMorgan Chase & Co. which is valued at $7,071,741. JPMorgan Chase & Co. makes up approx 1.85% of Oakwood Capital Managementca’s portfolio.Investment Counsel reduced its stake in JPM by selling 597 shares or 1.85% in the most recent quarter. The Hedge Fund company now holds 31,714 shares of JPM which is valued at $1,962,145. JPMorgan Chase & Co. makes up approx 1.82% of Investment Counsel’s portfolio.Beese Fulmer Investment Management boosted its stake in JPM in the latest quarter, The investment management firm added 1,902 additional shares and now holds a total of 56,175 shares of JPMorgan Chase & Co. which is valued at $3,475,547. JPMorgan Chase & Co. makes up approx 1.00% of Beese Fulmer Investment Management’s portfolio.British Columbia Investment Management Corp boosted its stake in JPM in the latest quarter, The investment management firm added 38,152 additional shares and now holds a total of 1,722,826 shares of JPMorgan Chase & Co. which is valued at $100,268,473. JPMorgan Chase & Co. makes up approx 0.95% of British Columbia Investment Management Corp’s portfolio.Private Asset Management Inc reduced its stake in JPM by selling 2,000 shares or 0.88% in the most recent quarter. The Hedge Fund company now holds 224,592 shares of JPM which is valued at $13,071,254. JPMorgan Chase & Co. makes up approx 2.38% of Private Asset Management Inc’s portfolio.

On the company’s financial health, JPMorgan Chase & Co. reported $1.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 13, 2016. Analyst had a consensus of $1.26. The company had revenue of $23200.00 million for the quarter, compared to analysts expectations of $22874.02 million. The company’s revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.45 EPS.

Many Wall Street Analysts have commented on JPMorgan Chase & Co.. JPMorgan Chase & Co. was Downgraded by Portales Partners to ” Underperform” on Feb 22, 2016. JPMorgan Chase & Co. was Downgraded by Nomura to ” Neutral” on Jan 25, 2016. JPMorgan Chase & Co. was Upgraded by Atlantic Equities to ” Overweight” on Jan 15, 2016.

JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking financial services for consumers and small businesses commercial banking financial transaction processing and asset management. JPMorgan Chase’s activities are organized into four business segments. The Company’s Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through ATMs online mobile and telephone banking. The Corporate & Investment Bank comprising Banking and Markets & Investor Services offers investment banking market-making prime brokerage and treasury and securities products and services. The Commercial Banking (CB) segment delivers industry knowledge local expertise and service to the United States and the United States multinational clients. The Asset Management segment comprises investment and wealth management. The Company also operates a Corporate segment.

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