Cornerstone Capital Management Holdings. buys $104.4 Million stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Cornerstone Capital Management Holdings. scooped up 25,421 additional shares in JPMorgan Chase & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 1,705,489 shares of JPMorgan Chase & Co. which is valued at $104.4 Million.JPMorgan Chase & Co. makes up approximately 0.88% of Cornerstone Capital Management Holdings.’s portfolio.

Other Hedge Funds, Including , Atlantic Trust Group boosted its stake in JPM in the latest quarter, The investment management firm added 124,159 additional shares and now holds a total of 2,351,003 shares of JPMorgan Chase & Co. which is valued at $143.9 Million. JPMorgan Chase & Co. makes up approx 1.09% of Atlantic Trust Group’s portfolio.Connable Office Inc boosted its stake in JPM in the latest quarter, The investment management firm added 4,369 additional shares and now holds a total of 57,213 shares of JPMorgan Chase & Co. which is valued at $3.5 Million. JPMorgan Chase & Co. makes up approx 0.97% of Connable Office Inc’s portfolio.Addenda Capital reduced its stake in JPM by selling 7,783 shares or 9.04% in the most recent quarter. The Hedge Fund company now holds 78,297 shares of JPM which is valued at $4.8 Million. JPMorgan Chase & Co. makes up approx 0.42% of Addenda Capital’s portfolio. Northstar Investment Advisors sold out all of its stake in JPM during the most recent quarter. The investment firm sold 3,336 shares of JPM which is valued $205,498.Nippon Life Insurance Co reduced its stake in JPM by selling 3,278 shares or 2.25% in the most recent quarter. The Hedge Fund company now holds 142,346 shares of JPM which is valued at $8.8 Million. JPMorgan Chase & Co. makes up approx 0.21% of Nippon Life Insurance Co’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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