Estabrook Capital Management buys $27.9 Million stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Estabrook Capital Management scooped up 2,377 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 455,464 shares of JPMorgan Chase & Co. which is valued at $27.9 Million.JPMorgan Chase & Co. makes up approximately 4.15% of Estabrook Capital Management’s portfolio.

Other Hedge Funds, Including , Contrarius Investment Management Ltd boosted its stake in JPM in the latest quarter, The investment management firm added 115,975 additional shares and now holds a total of 184,491 shares of JPMorgan Chase & Co. which is valued at $11.3 Million. JPMorgan Chase & Co. makes up approx 0.97% of Contrarius Investment Management Ltd’s portfolio.Northeast Investment Management reduced its stake in JPM by selling 4 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 16,587 shares of JPM which is valued at $1 Million. JPMorgan Chase & Co. makes up approx 0.10% of Northeast Investment Management’s portfolio.Noesis Capital Mangement Corp boosted its stake in JPM in the latest quarter, The investment management firm added 1,405 additional shares and now holds a total of 166,319 shares of JPMorgan Chase & Co. which is valued at $10.2 Million. JPMorgan Chase & Co. makes up approx 4.66% of Noesis Capital Mangement Corp’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in JPM by selling 200,000 shares or 4.09% in the most recent quarter. The Hedge Fund company now holds 4,695,000 shares of JPM which is valued at $296.7 Million. JPMorgan Chase & Co. makes up approx 1.33% of State Of New Jersey Common Pension Fund D’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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