Parametric Portfolio Associates buys $554.5 Million stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Parametric Portfolio Associates scooped up 124,668 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 13, 2016. The investment management firm now holds a total of 9,059,676 shares of JPMorgan Chase & Co. which is valued at $554.5 Million.JPMorgan Chase & Co. makes up approximately 0.91% of Parametric Portfolio Associates’s portfolio.

Other Hedge Funds, Including , Allianz Asset Management Ag reduced its stake in JPM by selling 519,389 shares or 3.41% in the most recent quarter. The Hedge Fund company now holds 14,692,508 shares of JPM which is valued at $899.2 Million. JPMorgan Chase & Co. makes up approx 1.26% of Allianz Asset Management Ag’s portfolio.Miles Capital reduced its stake in JPM by selling 152 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 23,878 shares of JPM which is valued at $1.5 Million. JPMorgan Chase & Co. makes up approx 0.98% of Miles Capital’s portfolio. Dg Capital Management Inc added JPM to its portfolio by purchasing 23,921 company shares during the most recent quarter which is valued at $1.5 Million. JPMorgan Chase & Co. makes up approx 1.45% of Dg Capital Management Inc’s portfolio.Janney Montgomery Scott boosted its stake in JPM in the latest quarter, The investment management firm added 35,948 additional shares and now holds a total of 551,138 shares of JPMorgan Chase & Co. which is valued at $33.7 Million. JPMorgan Chase & Co. makes up approx 0.89% of Janney Montgomery Scott’s portfolio.Northpointe Capital boosted its stake in JPM in the latest quarter, The investment management firm added 17,344 additional shares and now holds a total of 116,377 shares of JPMorgan Chase & Co. which is valued at $7.4 Million. JPMorgan Chase & Co. makes up approx 0.89% of Northpointe Capital’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.

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