JPMorgan Chase & Co. (JPM) : North American Management Corp reduced its stake in JPMorgan Chase & Co. by 0.29% during the most recent quarter end. The investment management company now holds a total of 405,878 shares of JPMorgan Chase & Co. which is valued at $25,111,672 after selling 1,181 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.JPMorgan Chase & Co. makes up approximately 4.04% of North American Management Corp’s portfolio.
JPMorgan Chase & Co. opened for trading at $61.64 and hit $62.58 on the upside on Monday, eventually ending the session at $62.27, with a gain of 0.65% or 0.4 points. The heightened volatility saw the trading volume jump to 1,38,13,072 shares. Company has a market cap of $228,547 M.
Other Hedge Funds, Including , Taylor Wealth Management Partners reduced its stake in JPM by selling 400 shares or 30.77% in the most recent quarter. The Hedge Fund company now holds 900 shares of JPM which is valued at $55,683. JPMorgan Chase & Co. makes up approx 0.03% of Taylor Wealth Management Partners’s portfolio. Integral Derivatives added JPM to its portfolio by purchasing 7,814 company shares during the most recent quarter which is valued at $483,452. JPMorgan Chase & Co. makes up approx 0.20% of Integral Derivatives’s portfolio.Central Trust Co boosted its stake in JPM in the latest quarter, The investment management firm added 16,226 additional shares and now holds a total of 134,294 shares of JPMorgan Chase & Co. which is valued at $8,308,770. JPMorgan Chase & Co. makes up approx 0.65% of Central Trust Co’s portfolio.Nexus Investment Management boosted its stake in JPM in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 321,730 shares of JPMorgan Chase & Co. which is valued at $18,724,686. JPMorgan Chase & Co. makes up approx 3.57% of Nexus Investment Management’s portfolio.Waverton Investment Management Ltd reduced its stake in JPM by selling 918 shares or 5.66% in the most recent quarter. The Hedge Fund company now holds 15,302 shares of JPM which is valued at $890,576. JPMorgan Chase & Co. makes up approx 0.07% of Waverton Investment Management Ltd’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.