Convergence Investment Partners Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Convergence Investment Partners reduced its stake in JPMorgan Chase & Co. by 6.54% during the most recent quarter end. The investment management company now holds a total of 257,833 shares of JPMorgan Chase & Co. which is valued at $15.8 Million after selling 18,044 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on May 11, 2016.JPMorgan Chase & Co. makes up approximately 1.90% of Convergence Investment Partners’s portfolio.

Other Hedge Funds, Including , Mrj Capital Inc reduced its stake in JPM by selling 16,900 shares or 20.18% in the most recent quarter. The Hedge Fund company now holds 66,833 shares of JPM which is valued at $4.1 Million. JPMorgan Chase & Co. makes up approx 2.84% of Mrj Capital Inc’s portfolio.Janney Montgomery Scott boosted its stake in JPM in the latest quarter, The investment management firm added 35,948 additional shares and now holds a total of 551,138 shares of JPMorgan Chase & Co. which is valued at $33.7 Million. JPMorgan Chase & Co. makes up approx 0.89% of Janney Montgomery Scott’s portfolio.Lsv Asset Management boosted its stake in JPM in the latest quarter, The investment management firm added 62,129 additional shares and now holds a total of 14,242,423 shares of JPMorgan Chase & Co. which is valued at $871.6 Million. JPMorgan Chase & Co. makes up approx 1.86% of Lsv Asset Management’s portfolio.Buckingham Capital Management boosted its stake in JPM in the latest quarter, The investment management firm added 8,939 additional shares and now holds a total of 87,059 shares of JPMorgan Chase & Co. which is valued at $5.3 Million. JPMorgan Chase & Co. makes up approx 1.47% of Buckingham Capital Management’s portfolio.Vantage Investment Partners boosted its stake in JPM in the latest quarter, The investment management firm added 1,651,845 additional shares and now holds a total of 1,942,765 shares of JPMorgan Chase & Co. which is valued at $119.7 Million. JPMorgan Chase & Co. makes up approx 14.13% of Vantage Investment Partners’s portfolio.

JPMorgan Chase & Co. opened for trading at $61.21 and hit $61.985 on the upside on Monday, eventually ending the session at $61.66, with a gain of 0.75% or 0.46 points. The heightened volatility saw the trading volume jump to 1,09,51,344 shares. Company has a market cap of $225,470 M.

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. 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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