Accuvest Global Advisors Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Accuvest Global Advisors reduced its stake in JPMorgan Chase & Co. by 23.0% during the most recent quarter end. The investment management company now holds a total of 7,264 shares of JPMorgan Chase & Co. which is valued at $474,484 after selling 2,170 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.JPMorgan Chase & Co. makes up approximately 0.28% of Accuvest Global Advisors’s portfolio.

Other Hedge Funds, Including , Delphi Private Advisors reduced its stake in JPM by selling 250 shares or 12.48% in the most recent quarter. The Hedge Fund company now holds 1,754 shares of JPM which is valued at $114,571. JPMorgan Chase & Co. makes up approx 0.20% of Delphi Private Advisors’s portfolio.First Mercantile Trust Co reduced its stake in JPM by selling 16,642 shares or 25.1% in the most recent quarter. The Hedge Fund company now holds 49,655 shares of JPM which is valued at $3,243,465. JPMorgan Chase & Co. makes up approx 0.38% of First Mercantile Trust Co’s portfolio.Reynders Mcveigh Capital Management reduced its stake in JPM by selling 2,590 shares or 29.64% in the most recent quarter. The Hedge Fund company now holds 6,149 shares of JPM which is valued at $407,679. JPMorgan Chase & Co. makes up approx 0.06% of Reynders Mcveigh Capital Management’s portfolio.Financial Partners Capital Management reduced its stake in JPM by selling 770 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 177,067 shares of JPM which is valued at $11,449,152. JPMorgan Chase & Co. makes up approx 3.05% of Financial Partners Capital Management’s portfolio.Garland Capital Management Inc reduced its stake in JPM by selling 450 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 71,330 shares of JPM which is valued at $4,560,127. JPMorgan Chase & Co. makes up approx 3.52% of Garland Capital Management Inc’s portfolio.

JPMorgan Chase & Co. closed down -0.03 points or -0.05% at $65.77 with 89,49,577 shares getting traded on Tuesday. Post opening the session at $66.07, the shares hit an intraday low of $65.76 and an intraday high of $66.34 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.. JPMorgan Chase & Co. was Downgraded by Bernstein to ” Mkt Perform” on Aug 16, 2016. JPMorgan Chase & Co. was Downgraded by Citigroup to ” Neutral” on Aug 8, 2016. 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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