Forsta Ap-fonden adds JPMorgan Chase & Co. (JPM) to its portfolio

JPMorgan Chase & Co. (JPM) : Forsta Ap-fonden added new position in JPMorgan Chase & Co. during the most recent quarter end. The investment management firm now holds 1,177,238 shares of JPMorgan Chase & Co. which is valued at $77,061,999 , the company said in a statement filed on Aug 8, 2016 with the SEC.JPMorgan Chase & Co. makes up approximately 2.17% of Forsta Ap-fonden’s portfolio.

Other Hedge Funds, Including , Advisors Asset Management boosted its stake in JPM in the latest quarter, The investment management firm added 20,891 additional shares and now holds a total of 211,359 shares of JPMorgan Chase & Co. which is valued at $13,835,560. JPMorgan Chase & Co. makes up approx 0.22% of Advisors Asset Management’s portfolio.Asset Advisors Corp boosted its stake in JPM in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 1,232 shares of JPMorgan Chase & Co. which is valued at $79,661. JPMorgan Chase & Co. makes up approx 0.02% of Asset Advisors Corp’s portfolio.Patriot Wealth Management boosted its stake in JPM in the latest quarter, The investment management firm added 2,884 additional shares and now holds a total of 136,613 shares of JPMorgan Chase & Co. which is valued at $8,788,314. JPMorgan Chase & Co. makes up approx 1.68% of Patriot Wealth Management’s portfolio.Blb&b Advisors boosted its stake in JPM in the latest quarter, The investment management firm added 1,421 additional shares and now holds a total of 118,987 shares of JPMorgan Chase & Co. which is valued at $7,606,839. JPMorgan Chase & Co. makes up approx 1.39% of Blb&b Advisors’s portfolio.Hefty Wealth Partners boosted its stake in JPM in the latest quarter, The investment management firm added 104 additional shares and now holds a total of 654 shares of JPMorgan Chase & Co. which is valued at $41,307. JPMorgan Chase & Co. makes up approx 0.03% of Hefty Wealth Partners’s portfolio.

JPMorgan Chase & Co. opened for trading at $65.56 and hit $65.83 on the upside on Monday, eventually ending the session at $65.72, with a gain of 0.61% or 0.4 points. The heightened volatility saw the trading volume jump to 83,71,557 shares. Company has a market cap of $237,379 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.. 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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