Darrell King Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Darrell King reduced its stake in JPMorgan Chase & Co. by 5.63% during the most recent quarter end. The investment management company now holds a total of 478,507 shares of JPMorgan Chase & Co. which is valued at $30,241,642 after selling 28,552 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.JPMorgan Chase & Co. makes up approximately 5.79% of Darrell King’s portfolio.

JPMorgan Chase & Co. opened for trading at $63.69 and hit $64 on the upside on Monday, eventually ending the session at $63.79, with a gain of 0.93% or 0.59 points. The heightened volatility saw the trading volume jump to 1,02,47,330 shares. Company has a market cap of $233,258 M.

Other Hedge Funds, Including , Sonata Capital Group Inc reduced its stake in JPM by selling 3,550 shares or 16.9% in the most recent quarter. The Hedge Fund company now holds 17,450 shares of JPM which is valued at $1,102,840. JPMorgan Chase & Co. makes up approx 0.95% of Sonata Capital Group Inc’s portfolio.Washington Trust Bank reduced its stake in JPM by selling 311 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 65,162 shares of JPM which is valued at $4,118,238. JPMorgan Chase & Co. makes up approx 1.04% of Washington Trust Bank’s portfolio.Mechanics Bank Trust Department boosted its stake in JPM in the latest quarter, The investment management firm added 2,016 additional shares and now holds a total of 35,241 shares of JPMorgan Chase & Co. which is valued at $2,254,367. JPMorgan Chase & Co. makes up approx 0.87% of Mechanics Bank Trust Department’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in JPM in the latest quarter, The investment management firm added 4,280 additional shares and now holds a total of 1,105,180 shares of JPMorgan Chase & Co. which is valued at $70,698,365. JPMorgan Chase & Co. makes up approx 1.19% of Gulf International Bank (uk) Ltd’s portfolio.Sit Investment Associates Inc reduced its stake in JPM by selling 322,250 shares or 23.32% in the most recent quarter. The Hedge Fund company now holds 1,059,405 shares of JPM which is valued at $65,545,387. JPMorgan Chase & Co. makes up approx 1.19% of Sit Investment Associates 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. 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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