Fragasso Group Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Fragasso Group reduced its stake in JPMorgan Chase & Co. by 5.51% during the most recent quarter end. The investment management company now holds a total of 34,816 shares of JPMorgan Chase & Co. which is valued at $2,154,066 after selling 2,031 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.JPMorgan Chase & Co. makes up approximately 0.84% of Fragasso Group’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 , Lenox Wealth Advisors reduced its stake in JPM by selling 268 shares or 18.24% in the most recent quarter. The Hedge Fund company now holds 1,201 shares of JPM which is valued at $74,306. JPMorgan Chase & Co. makes up approx 0.02% of Lenox Wealth Advisors’s portfolio.Chevy Chase Trust Holdings boosted its stake in JPM in the latest quarter, The investment management firm added 62,368 additional shares and now holds a total of 3,131,170 shares of JPMorgan Chase & Co. which is valued at $182,234,094. JPMorgan Chase & Co. makes up approx 1.05% of Chevy Chase Trust Holdings’s portfolio.Livingston Group Asset Management Co (operating As Southp… boosted its stake in JPM in the latest quarter, The investment management firm added 567 additional shares and now holds a total of 16,074 shares of JPMorgan Chase & Co. which is valued at $935,507. JPMorgan Chase & Co. makes up approx 0.61% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.Stillwater Investment Management boosted its stake in JPM in the latest quarter, The investment management firm added 579 additional shares and now holds a total of 36,222 shares of JPMorgan Chase & Co. which is valued at $2,108,120. JPMorgan Chase & Co. makes up approx 1.26% of Stillwater Investment Management’s portfolio.Nadler Financial Group reduced its stake in JPM by selling 26 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 5,128 shares of JPM which is valued at $298,450. JPMorgan Chase & Co. makes up approx 0.13% of Nadler Financial Group’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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