JPMorgan Chase & Co. (JPM) : Edmond De Rothschild Holding S.a. reduced its stake in JPMorgan Chase & Co. by 14.82% during the most recent quarter end. The investment management company now holds a total of 1,074,099 shares of JPMorgan Chase & Co. which is valued at $65.7 Million after selling 186,810 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on May 12, 2016.JPMorgan Chase & Co. makes up approximately 2.24% of Edmond De Rothschild Holding S.a.’s portfolio.
Other Hedge Funds, Including , Mirae Asset Global Investments Ltd. reduced its stake in JPM by selling 1,615 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 337,854 shares of JPM which is valued at $20.7 Million. JPMorgan Chase & Co. makes up approx 0.57% of Mirae Asset Global Investments Ltd.’s portfolio.Birch Hill Investment Advisors reduced its stake in JPM by selling 10,722 shares or 9.71% in the most recent quarter. The Hedge Fund company now holds 99,677 shares of JPM which is valued at $6.1 Million. JPMorgan Chase & Co. makes up approx 0.64% of Birch Hill Investment Advisors’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in JPM by selling 4,880 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 1,139,433 shares of JPM which is valued at $70.2 Million. JPMorgan Chase & Co. makes up approx 0.63% of Los Angeles Capital Management Equity Research Inc’s portfolio.Bender Robert Associates reduced its stake in JPM by selling 65 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 5,119 shares of JPM which is valued at $323,521. JPMorgan Chase & Co. makes up approx 0.23% of Bender Robert Associates’s portfolio.
JPMorgan Chase & Co. opened for trading at $63.86 and hit $64.19 on the upside on Friday, eventually ending the session at $63.51, with a gain of 0.19% or 0.12 points. The heightened volatility saw the trading volume jump to 1,18,62,030 shares. Company has a market cap of $232,234 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.