Dimensional Fund Advisors Lp buys $1,774,961,619 stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Dimensional Fund Advisors Lp scooped up 1,535,953 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 9, 2016. The investment management firm now holds a total of 26,852,672 shares of JPMorgan Chase & Co. which is valued at $1,774,961,619.JPMorgan Chase & Co. makes up approximately 0.98% of Dimensional Fund Advisors Lp’s portfolio.

Other Hedge Funds, Including , First Interstate Bank boosted its stake in JPM in the latest quarter, The investment management firm added 1,296 additional shares and now holds a total of 234,748 shares of JPMorgan Chase & Co. which is valued at $15,366,604. JPMorgan Chase & Co. makes up approx 3.08% of First Interstate Bank’s portfolio.Hirtle Callaghan Co reduced its stake in JPM by selling 150 shares or 2.58% in the most recent quarter. The Hedge Fund company now holds 5,670 shares of JPM which is valued at $366,622. JPMorgan Chase & Co. makes up approx 0.07% of Hirtle Callaghan Co’s portfolio.Clark Estates Incny reduced its stake in JPM by selling 12,000 shares or 8.72% in the most recent quarter. The Hedge Fund company now holds 125,550 shares of JPM which is valued at $8,118,063. JPMorgan Chase & Co. makes up approx 1.53% of Clark Estates Incny’s portfolio.Calamos Wealth Management boosted its stake in JPM in the latest quarter, The investment management firm added 4,887 additional shares and now holds a total of 109,031 shares of JPMorgan Chase & Co. which is valued at $7,013,964. JPMorgan Chase & Co. makes up approx 1.35% of Calamos Wealth Management’s portfolio.Louisiana State Employees Retirement System reduced its stake in JPM by selling 5,600 shares or 2.28% in the most recent quarter. The Hedge Fund company now holds 239,900 shares of JPM which is valued at $15,432,767. JPMorgan Chase & Co. makes up approx 0.78% of Louisiana State Employees Retirement System’s portfolio.

JPMorgan Chase & Co. opened for trading at $65.8 and hit $65.98 on the upside on Wednesday, eventually ending the session at $65.89, with a gain of 0.27% or 0.18 points. The heightened volatility saw the trading volume jump to 1,18,68,065 shares. Company has a market cap of $237,994 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.. JPMorgan Chase & Co. was Downgraded by Bernstein to ” Mkt Perform” on Aug 16, 2016. JPMorgan Chase & Co. was Downgraded by Citigroup to ” Neutral” on Aug 8, 2016. 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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