JPMorgan Chase & Co. (JPM) : Channing Capital Management scooped up 29,836 additional shares in JPMorgan Chase & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 153,200 shares of JPMorgan Chase & Co. which is valued at $9,905,912.JPMorgan Chase & Co. makes up approximately 0.40% of Channing Capital Management’s portfolio.
Other Hedge Funds, Including , Wheatland Advisors Inc reduced its stake in JPM by selling 396 shares or 4.14% in the most recent quarter. The Hedge Fund company now holds 9,163 shares of JPM which is valued at $592,480. JPMorgan Chase & Co. makes up approx 0.31% of Wheatland Advisors Inc’s portfolio. First New York Securities Ny sold out all of its stake in JPM during the most recent quarter. The investment firm sold 6,000 shares of JPM which is valued $385,980.Hermes Investment Management Ltd boosted its stake in JPM in the latest quarter, The investment management firm added 12,700 additional shares and now holds a total of 188,738 shares of JPMorgan Chase & Co. which is valued at $12,086,782. JPMorgan Chase & Co. makes up approx 0.24% of Hermes Investment Management Ltd’s portfolio.Boyd Watterson Asset Managementoh reduced its stake in JPM by selling 7,004 shares or 12.71% in the most recent quarter. The Hedge Fund company now holds 48,096 shares of JPM which is valued at $3,076,220. JPMorgan Chase & Co. makes up approx 1.48% of Boyd Watterson Asset Managementoh’s portfolio. Vontobel Asset Management Inc sold out all of its stake in JPM during the most recent quarter. The investment firm sold 237,672 shares of JPM which is valued $15,011,364.
JPMorgan Chase & Co. closed down -0.1 points or -0.15% at $64.56 with 98,73,007 shares getting traded on Thursday. Post opening the session at $64.49, the shares hit an intraday low of $64.27 and an intraday high of $64.815 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.