Nordea Investment Management Ab Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Nordea Investment Management Ab reduced its stake in JPMorgan Chase & Co. by 12.72% during the most recent quarter end. The investment management company now holds a total of 6,156,289 shares of JPMorgan Chase & Co. which is valued at $393,571,556 after selling 897,216 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 1.12% of Nordea Investment Management Ab’s portfolio.

Other Hedge Funds, Including , Copper Rock Capital Partners added JPM to its portfolio by purchasing 4,753 company shares during the most recent quarter which is valued at $303,859. JPMorgan Chase & Co. makes up approx 0.02% of Copper Rock Capital Partners’s portfolio.Ruane Cunniff Goldfarb Inc boosted its stake in JPM in the latest quarter, The investment management firm added 992,221 additional shares and now holds a total of 1,010,846 shares of JPMorgan Chase & Co. which is valued at $64,653,710. JPMorgan Chase & Co. makes up approx 0.60% of Ruane Cunniff Goldfarb Inc’s portfolio.Founders Capital Management boosted its stake in JPM in the latest quarter, The investment management firm added 23 additional shares and now holds a total of 3,836 shares of JPMorgan Chase & Co. which is valued at $245,351. JPMorgan Chase & Co. makes up approx 0.13% of Founders Capital Management’s portfolio. Capital Asset Advisory Services sold out all of its stake in JPM during the most recent quarter. The investment firm sold 19,503 shares of JPM which is valued $1,231,809.American National Bank reduced its stake in JPM by selling 5,958 shares or 7.28% in the most recent quarter. The Hedge Fund company now holds 75,927 shares of JPM which is valued at $4,694,566. JPMorgan Chase & Co. makes up approx 1.73% of American National Bank’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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