J.p. Marvel Investment Advisors Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : J.p. Marvel Investment Advisors reduced its stake in JPMorgan Chase & Co. by 0.08% during the most recent quarter end. The investment management company now holds a total of 161,883 shares of JPMorgan Chase & Co. which is valued at $10.6 Million after selling 124 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on May 26, 2016.JPMorgan Chase & Co. makes up approximately 3.64% of J.p. Marvel Investment Advisors’s portfolio.

Other Hedge Funds, Including , Hodges Capital Management boosted its stake in JPM in the latest quarter, The investment management firm added 773 additional shares and now holds a total of 8,755 shares of JPMorgan Chase & Co. which is valued at $572,840. JPMorgan Chase & Co. makes up approx 0.03% of Hodges Capital Management’s portfolio. Voloridge Investment Management added JPM to its portfolio by purchasing 343,404 company shares during the most recent quarter which is valued at $21.8 Million. JPMorgan Chase & Co. makes up approx 0.51% of Voloridge Investment Management’s portfolio.Hunter Associates Investment Management boosted its stake in JPM in the latest quarter, The investment management firm added 106 additional shares and now holds a total of 4,187 shares of JPMorgan Chase & Co. which is valued at $256,244. JPMorgan Chase & Co. makes up approx 0.12% of Hunter Associates Investment Management’s portfolio.Fuller Thaler Asset Management boosted its stake in JPM in the latest quarter, The investment management firm added 11,500 additional shares and now holds a total of 46,100 shares of JPMorgan Chase & Co. which is valued at $2.8 Million. JPMorgan Chase & Co. makes up approx 0.06% of Fuller Thaler Asset Management’s portfolio.Baldwin Brothers Incma reduced its stake in JPM by selling 15,172 shares or 21.42% in the most recent quarter. The Hedge Fund company now holds 55,654 shares of JPM which is valued at $3.4 Million. JPMorgan Chase & Co. makes up approx 0.61% of Baldwin Brothers Incma’s portfolio.

JPMorgan Chase & Co. opened for trading at $64.76 and hit $65.92 on the upside on Wednesday, eventually ending the session at $65.69, with a gain of 0.64% or 0.42 points. The heightened volatility saw the trading volume jump to 1,40,31,018 shares. Company has a market cap of $240,206 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.

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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