Gateway Investment Advisers Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Gateway Investment Advisers reduced its stake in JPMorgan Chase & Co. by 4.71% during the most recent quarter end. The investment management company now holds a total of 2,468,385 shares of JPMorgan Chase & Co. which is valued at $157,902,588 after selling 121,881 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.JPMorgan Chase & Co. makes up approximately 1.35% of Gateway Investment Advisers’s portfolio.

JPMorgan Chase & Co. opened for trading at $63.64 and hit $64.38 on the upside on Friday, eventually ending the session at $63.97, with a gain of 0.58% or 0.37 points. The heightened volatility saw the trading volume jump to 1,24,44,665 shares. Company has a market cap of $234,787 M.

Other Hedge Funds, Including , Murphy Capital Management Inc boosted its stake in JPM in the latest quarter, The investment management firm added 3,445 additional shares and now holds a total of 97,203 shares of JPMorgan Chase & Co. which is valued at $6,218,076. JPMorgan Chase & Co. makes up approx 0.96% of Murphy Capital Management Inc’s portfolio.Skylands Capital reduced its stake in JPM by selling 3,300 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 137,050 shares of JPM which is valued at $8,479,284. JPMorgan Chase & Co. makes up approx 1.34% of Skylands Capital’s portfolio.Exchange Capital Management boosted its stake in JPM in the latest quarter, The investment management firm added 37,097 additional shares and now holds a total of 114,548 shares of JPMorgan Chase & Co. which is valued at $7,087,085. JPMorgan Chase & Co. makes up approx 3.02% of Exchange Capital Management’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.Vigilant Capital Management reduced its stake in JPM by selling 138 shares or 7.5% in the most recent quarter. The Hedge Fund company now holds 1,703 shares of JPM which is valued at $99,115. JPMorgan Chase & Co. makes up approx 0.02% of Vigilant Capital Management’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. 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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