JPMorgan Chase & Co. (JPM) : Washington Capital Management Inc reduced its stake in JPMorgan Chase & Co. by 5.59% during the most recent quarter end. The investment management company now holds a total of 46,480 shares of JPMorgan Chase & Co. which is valued at $2,844,576 after selling 2,750 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on May 9, 2016.JPMorgan Chase & Co. makes up approximately 2.06% of Washington Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Sandhill Capital Partners reduced its stake in JPM by selling 22 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 21,111 shares of JPM which is valued at $1,291,993. JPMorgan Chase & Co. makes up approx 0.42% of Sandhill Capital Partners’s portfolio.Nisa Investment Advisors L.l.c. boosted its stake in JPM in the latest quarter, The investment management firm added 2,520 additional shares and now holds a total of 1,303,526 shares of JPMorgan Chase & Co. which is valued at $82,382,843. JPMorgan Chase & Co. makes up approx 1.18% of Nisa Investment Advisors L.l.c.’s portfolio.Eads Heald Investment Counsel reduced its stake in JPM by selling 280 shares or 0.9% in the most recent quarter. The Hedge Fund company now holds 30,783 shares of JPM which is valued at $1,945,486. JPMorgan Chase & Co. makes up approx 1.35% of Eads Heald Investment Counsel’s portfolio.Telos Capital Management boosted its stake in JPM in the latest quarter, The investment management firm added 967 additional shares and now holds a total of 19,951 shares of JPMorgan Chase & Co. which is valued at $1,260,903. JPMorgan Chase & Co. makes up approx 0.66% of Telos Capital Management’s portfolio.Washington Trust Bank reduced its stake in JPM by selling 311 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 65,162 shares of JPM which is valued at $4,118,238. JPMorgan Chase & Co. makes up approx 1.04% of Washington Trust Bank’s portfolio.
JPMorgan Chase & Co. closed down -0.57 points or -0.92% at $61.2 with 1,51,22,325 shares getting traded on Friday. Post opening the session at $61.7, the shares hit an intraday low of $61.02 and an intraday high of $62.4001 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.