Heritage Investors Management Corp buys $19,455,888 stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Heritage Investors Management Corp scooped up 10,380 additional shares in JPMorgan Chase & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 314,464 shares of JPMorgan Chase & Co. which is valued at $19,455,888.JPMorgan Chase & Co. makes up approximately 1.48% of Heritage Investors Management Corp’s portfolio.

JPMorgan Chase & Co. opened for trading at $61.64 and hit $62.58 on the upside on Monday, eventually ending the session at $62.27, with a gain of 0.65% or 0.4 points. The heightened volatility saw the trading volume jump to 1,38,13,072 shares. Company has a market cap of $228,547 M.

Other Hedge Funds, Including , Swarthmore Group Inc reduced its stake in JPM by selling 109,375 shares or 22.59% in the most recent quarter. The Hedge Fund company now holds 374,850 shares of JPM which is valued at $23,191,970. JPMorgan Chase & Co. makes up approx 3.50% of Swarthmore Group Inc’s portfolio.Beese Fulmer Investment Management boosted its stake in JPM in the latest quarter, The investment management firm added 1,902 additional shares and now holds a total of 56,175 shares of JPMorgan Chase & Co. which is valued at $3,475,547. JPMorgan Chase & Co. makes up approx 1.00% of Beese Fulmer Investment Management’s portfolio.Eagle Asset Management Inc boosted its stake in JPM in the latest quarter, The investment management firm added 189,961 additional shares and now holds a total of 1,026,153 shares of JPMorgan Chase & Co. which is valued at $59,722,105. JPMorgan Chase & Co. makes up approx 0.42% of Eagle Asset Management Inc’s portfolio.Chevy Chase Trust Holdings boosted its stake in JPM in the latest quarter, The investment management firm added 62,368 additional shares and now holds a total of 3,131,170 shares of JPMorgan Chase & Co. which is valued at $182,234,094. JPMorgan Chase & Co. makes up approx 1.05% of Chevy Chase Trust Holdings’s portfolio.Private Asset Management Inc reduced its stake in JPM by selling 2,000 shares or 0.88% in the most recent quarter. The Hedge Fund company now holds 224,592 shares of JPM which is valued at $13,071,254. JPMorgan Chase & Co. makes up approx 2.38% of Private Asset Management Inc’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. was Upgraded by Atlantic Equities to ” Overweight” on Jan 15, 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.

Leave a Reply

JPMorgan Chase & Co. - Is it time to Sell?

Top Brokerage Firms are advising their investors on JPMorgan Chase & Co.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.