JPMorgan Chase & Co. (JPM) : Destrier Capital Management added new position in JPMorgan Chase & Co. during the most recent quarter end. The investment management firm now holds 155,000 shares of JPMorgan Chase & Co. which is valued at $9.5 Million , the company said in a statement filed on May 13, 2016 with the SEC.JPMorgan Chase & Co. makes up approximately 6.67% of Destrier Capital Management’s portfolio.
Other Hedge Funds, Including , Roosevelt Investment Group Inc reduced its stake in JPM by selling 332 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 14,044 shares of JPM which is valued at $859,493. JPMorgan Chase & Co. makes up approx 0.08% of Roosevelt Investment Group Inc’s portfolio.Utah Retirement Systems boosted its stake in JPM in the latest quarter, The investment management firm added 2,400 additional shares and now holds a total of 668,116 shares of JPMorgan Chase & Co. which is valued at $40.9 Million. JPMorgan Chase & Co. makes up approx 1.12% of Utah Retirement Systems’s portfolio.Anchor Capital Advisors reduced its stake in JPM by selling 923 shares or 15.36% in the most recent quarter. The Hedge Fund company now holds 5,088 shares of JPM which is valued at $311,386. JPMorgan Chase & Co. makes up approx 0.01% of Anchor Capital Advisors’s portfolio.South Dakota Investment Council reduced its stake in JPM by selling 33,740 shares or 2.48% in the most recent quarter. The Hedge Fund company now holds 1,327,708 shares of JPM which is valued at $81.8 Million. JPMorgan Chase & Co. makes up approx 1.78% of South Dakota Investment Council’s portfolio.Meag Munich Ergo Kapitalanlagegesellschaft Mbh boosted its stake in JPM in the latest quarter, The investment management firm added 359,663 additional shares and now holds a total of 414,481 shares of JPMorgan Chase & Co. which is valued at $25.5 Million. JPMorgan Chase & Co. makes up approx 1.31% of Meag Munich Ergo Kapitalanlagegesellschaft Mbh’s portfolio.
JPMorgan Chase & Co. opened for trading at $64.94 and hit $66.2 on the upside on Wednesday, eventually ending the session at $65.52, with a gain of 1.52% or 0.98 points. The heightened volatility saw the trading volume jump to 1,89,36,095 shares. Company has a market cap of $239,584 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.
Investors should note that on May 17, 2016, JPMorgan Chase & Co. announced a cash dividend of $0.4800. The company’s management has announced Jul 1, 2016 as the ex-dividend date and fixed the record date on Jul 6, 2016. The payable date has been fixed on Jul 31, 2016.
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.