Boston Private Wealth Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Boston Private Wealth reduced its stake in JPMorgan Chase & Co. by 3.01% during the most recent quarter end. The investment management company now holds a total of 832,865 shares of JPMorgan Chase & Co. which is valued at $53,853,051 after selling 25,844 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.JPMorgan Chase & Co. makes up approximately 2.13% of Boston Private Wealth’s portfolio.

Other Hedge Funds, Including , Cobiz Investment Management reduced its stake in JPM by selling 4,948 shares or 3.83% in the most recent quarter. The Hedge Fund company now holds 124,237 shares of JPM which is valued at $8,033,164. JPMorgan Chase & Co. makes up approx 1.96% of Cobiz Investment Management’s portfolio.First Midwest Bank Trust Division boosted its stake in JPM in the latest quarter, The investment management firm added 11,658 additional shares and now holds a total of 136,127 shares of JPMorgan Chase & Co. which is valued at $8,757,050. JPMorgan Chase & Co. makes up approx 1.05% of First Midwest Bank Trust Division’s portfolio.Berkshire Asset Managementpa reduced its stake in JPM by selling 9,652 shares or 2.8% in the most recent quarter. The Hedge Fund company now holds 335,231 shares of JPM which is valued at $21,431,318. JPMorgan Chase & Co. makes up approx 3.17% of Berkshire Asset Managementpa’s portfolio.Independent Portfolio Consultants boosted its stake in JPM in the latest quarter, The investment management firm added 1,745 additional shares and now holds a total of 42,758 shares of JPMorgan Chase & Co. which is valued at $2,734,802. JPMorgan Chase & Co. makes up approx 0.83% of Independent Portfolio Consultants’s portfolio.

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.

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