JPMorgan Chase & Co. (JPM) : Aviance Capital Partners reduced its stake in JPMorgan Chase & Co. by 3.01% during the most recent quarter end. The investment management company now holds a total of 48,548 shares of JPMorgan Chase & Co. which is valued at $3,171,155 after selling 1,508 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 1.12% of Aviance Capital Partners’s portfolio.
Other Hedge Funds, Including , Broadview Advisors reduced its stake in JPM by selling 7,150 shares or 55.0% in the most recent quarter. The Hedge Fund company now holds 5,850 shares of JPM which is valued at $382,122. JPMorgan Chase & Co. makes up approx 0.05% of Broadview Advisors’s portfolio.Louisiana State Employees Retirement System reduced its stake in JPM by selling 5,600 shares or 2.28% in the most recent quarter. The Hedge Fund company now holds 239,900 shares of JPM which is valued at $15,432,767. JPMorgan Chase & Co. makes up approx 0.78% of Louisiana State Employees Retirement System’s portfolio.1st Global Advisors boosted its stake in JPM in the latest quarter, The investment management firm added 1,615 additional shares and now holds a total of 39,653 shares of JPMorgan Chase & Co. which is valued at $2,539,378. JPMorgan Chase & Co. makes up approx 0.34% of 1st Global Advisors’s portfolio.Regent Investment Management boosted its stake in JPM in the latest quarter, The investment management firm added 324 additional shares and now holds a total of 87,334 shares of JPMorgan Chase & Co. which is valued at $5,585,883. JPMorgan Chase & Co. makes up approx 2.92% of Regent Investment Management’s portfolio.Davis R M Inc boosted its stake in JPM in the latest quarter, The investment management firm added 4,335 additional shares and now holds a total of 44,594 shares of JPMorgan Chase & Co. which is valued at $2,852,232. JPMorgan Chase & Co. makes up approx 0.14% of Davis R M 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.