North Star Investment Management Corp. buys $16,606,053 stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : North Star Investment Management Corp. scooped up 157 additional shares in JPMorgan Chase & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 262,754 shares of JPMorgan Chase & Co. which is valued at $16,606,053.JPMorgan Chase & Co. makes up approximately 3.15% of North Star Investment Management Corp.’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 , Bedrijfstakpensioenfonds Voor De Media Pno reduced its stake in JPM by selling 6,200 shares or 1.6% in the most recent quarter. The Hedge Fund company now holds 381,700 shares of JPM which is valued at $24,123,440. JPMorgan Chase & Co. makes up approx 3.46% of Bedrijfstakpensioenfonds Voor De Media Pno’s portfolio.Firstmerit Bank N A Trustee boosted its stake in JPM in the latest quarter, The investment management firm added 4,768 additional shares and now holds a total of 271,006 shares of JPMorgan Chase & Co. which is valued at $17,336,254. JPMorgan Chase & Co. makes up approx 1.42% of Firstmerit Bank N A Trustee’s portfolio.Delta Capital Management reduced its stake in JPM by selling 425 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 70,960 shares of JPM which is valued at $4,539,311. JPMorgan Chase & Co. makes up approx 3.12% of Delta Capital Management’s portfolio.Premier Asset Managment boosted its stake in JPM in the latest quarter, The investment management firm added 124,555 additional shares and now holds a total of 133,580 shares of JPMorgan Chase & Co. which is valued at $8,545,113. JPMorgan Chase & Co. makes up approx 2.17% of Premier Asset Managment’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in JPM in the latest quarter, The investment management firm added 68,525 additional shares and now holds a total of 893,620 shares of JPMorgan Chase & Co. which is valued at $55,288,269. JPMorgan Chase & Co. makes up approx 1.25% of Exxonmobil Investment Management Inc Tx’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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