Tufton Capital Management Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Tufton Capital Management reduced its stake in JPMorgan Chase & Co. by 0.08% during the most recent quarter end. The investment management company now holds a total of 183,750 shares of JPMorgan Chase & Co. which is valued at $11,368,613 after selling 155 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 2.81% of Tufton Capital Management’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 , Heritage Investors Management Corp boosted its stake in JPM in the latest quarter, The investment management firm added 10,380 additional shares and now holds a total of 314,464 shares of JPMorgan Chase & Co. which is valued at $19,455,888. JPMorgan Chase & Co. makes up approx 1.48% of Heritage Investors Management Corp’s portfolio.Central Trust Co boosted its stake in JPM in the latest quarter, The investment management firm added 16,226 additional shares and now holds a total of 134,294 shares of JPMorgan Chase & Co. which is valued at $8,308,770. JPMorgan Chase & Co. makes up approx 0.65% of Central Trust Co’s portfolio.First United Bank Trust boosted its stake in JPM in the latest quarter, The investment management firm added 1,074 additional shares and now holds a total of 16,722 shares of JPMorgan Chase & Co. which is valued at $1,034,590. JPMorgan Chase & Co. makes up approx 0.94% of First United Bank Trust’s portfolio.Denali Advisors boosted its stake in JPM in the latest quarter, The investment management firm added 19,900 additional shares and now holds a total of 192,400 shares of JPMorgan Chase & Co. which is valued at $11,903,788. JPMorgan Chase & Co. makes up approx 2.66% of Denali Advisors’s portfolio. Renaissance Investment Group sold out all of its stake in JPM during the most recent quarter. The investment firm sold 3,029 shares of JPM which is valued $181,346.

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.

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