Wealthtrust-arizona buys $1,306,032 stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Wealthtrust-arizona scooped up 2,299 additional shares in JPMorgan Chase & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 20,394 shares of JPMorgan Chase & Co. which is valued at $1,306,032.JPMorgan Chase & Co. makes up approximately 0.78% of Wealthtrust-arizona’s portfolio.

Other Hedge Funds, Including , Rockefeller Financial Services Inc reduced its stake in JPM by selling 21,963 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 2,390,688 shares of JPM which is valued at $153,099,660. JPMorgan Chase & Co. makes up approx 2.95% of Rockefeller Financial Services Inc’s portfolio.North American Management Corp reduced its stake in JPM by selling 16,373 shares or 4.03% in the most recent quarter. The Hedge Fund company now holds 389,505 shares of JPM which is valued at $24,901,055. JPMorgan Chase & Co. makes up approx 4.02% of North American Management Corp’s portfolio. Heartwood Wealth Management Ltd added JPM to its portfolio by purchasing 25,956 company shares during the most recent quarter which is valued at $1,660,146. JPMorgan Chase & Co. makes up approx 2.37% of Heartwood Wealth Management Ltd’s portfolio.Hartford Financial Management reduced its stake in JPM by selling 475 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 57,406 shares of JPM which is valued at $3,684,317. JPMorgan Chase & Co. makes up approx 2.15% of Hartford Financial Management’s portfolio.Banced Corp reduced its stake in JPM by selling 5,761 shares or 31.48% in the most recent quarter. The Hedge Fund company now holds 12,537 shares of JPM which is valued at $791,837. JPMorgan Chase & Co. makes up approx 1.38% of Banced Corp’s portfolio.

JPMorgan Chase & Co. opened for trading at $64.11 and hit $64.229 on the upside on Wednesday, eventually ending the session at $63.93, with a gain of 0.11% or 0.07 points. The heightened volatility saw the trading volume jump to 1,04,11,068 shares. Company has a market cap of $233,770 M.

On the company’s financial health, JPMorgan Chase & Co. reported $1.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jul 14, 2016. Analyst had a consensus of $1.43. The company had revenue of $24400.00 million for the quarter, compared to analysts expectations of $23843.59 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS.

Many Wall Street Analysts have commented on JPMorgan Chase & Co.. Berenberg Initiated JPMorgan Chase & Co. on Jul 13, 2016 to “Sell”, Price Target of the shares are set at $52.

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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