Moon Capital Management Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Moon Capital Management reduced its stake in JPMorgan Chase & Co. by 0.72% during the most recent quarter end. The investment management company now holds a total of 77,611 shares of JPMorgan Chase & Co. which is valued at $4,961,671 after selling 566 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.JPMorgan Chase & Co. makes up approximately 5.99% of Moon Capital Management’s portfolio.

Other Hedge Funds, Including , Kessler Investment Group boosted its stake in JPM in the latest quarter, The investment management firm added 2,236 additional shares and now holds a total of 36,325 shares of JPMorgan Chase & Co. which is valued at $2,322,257. JPMorgan Chase & Co. makes up approx 3.20% of Kessler Investment Group’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in JPM by selling 305,557 shares or 29.66% in the most recent quarter. The Hedge Fund company now holds 724,553 shares of JPM which is valued at $45,762,767. JPMorgan Chase & Co. makes up approx 0.42% of Nn Investment Partners Holdings N.v.’s portfolio.Chevy Chase Trust Holdings boosted its stake in JPM in the latest quarter, The investment management firm added 24,062 additional shares and now holds a total of 3,155,232 shares of JPMorgan Chase & Co. which is valued at $195,087,995. JPMorgan Chase & Co. makes up approx 1.07% of Chevy Chase Trust Holdings’s portfolio.Stillwater Investment Management reduced its stake in JPM by selling 234 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 35,988 shares of JPM which is valued at $2,225,138. JPMorgan Chase & Co. makes up approx 1.25% of Stillwater Investment Management’s portfolio.

JPMorgan Chase & Co. opened for trading at $64.11 and hit $64.229 on the upside on Wednesday, eventually ending the session at $63.93, with a gain of 0.11% or 0.07 points. The heightened volatility saw the trading volume jump to 1,04,11,068 shares. Company has a market cap of $233,770 M.

On the company’s financial health, JPMorgan Chase & Co. reported $1.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jul 14, 2016. Analyst had a consensus of $1.43. The company had revenue of $24400.00 million for the quarter, compared to analysts expectations of $23843.59 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS.

Many Wall Street Analysts have commented on JPMorgan Chase & Co.. Berenberg Initiated JPMorgan Chase & Co. on Jul 13, 2016 to “Sell”, Price Target of the shares are set at $52.

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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