Independent Portfolio Consultants Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Independent Portfolio Consultants reduced its stake in JPMorgan Chase & Co. by 0.39% during the most recent quarter end. The investment management company now holds a total of 41,013 shares of JPMorgan Chase & Co. which is valued at $2,537,474 after selling 160 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.JPMorgan Chase & Co. makes up approximately 0.70% of Independent Portfolio Consultants’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 , Gradient Investments boosted its stake in JPM in the latest quarter, The investment management firm added 59,581 additional shares and now holds a total of 61,115 shares of JPMorgan Chase & Co. which is valued at $3,781,185. JPMorgan Chase & Co. makes up approx 0.46% of Gradient Investments’s portfolio.Integrated Investment Consultants boosted its stake in JPM in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 22,384 shares of JPMorgan Chase & Co. which is valued at $1,384,898. JPMorgan Chase & Co. makes up approx 0.78% of Integrated Investment Consultants’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.Eqis Capital Management boosted its stake in JPM in the latest quarter, The investment management firm added 122 additional shares and now holds a total of 14,601 shares of JPMorgan Chase & Co. which is valued at $849,778. JPMorgan Chase & Co. makes up approx 0.06% of Eqis Capital Management’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in JPM in the latest quarter, The investment management firm added 1,144 additional shares and now holds a total of 115,430 shares of JPMorgan Chase & Co. which is valued at $6,718,026. JPMorgan Chase & Co. makes up approx 1.34% of First Financial Bank N.a. – Trust Division’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.