JPMorgan Chase & Co. (JPM) : Mutual Of America Capital Management reduced its stake in JPMorgan Chase & Co. by 4.46% during the most recent quarter end. The investment management company now holds a total of 464,665 shares of JPMorgan Chase & Co. which is valued at $30,045,239 after selling 21,715 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.JPMorgan Chase & Co. makes up approximately 0.62% of Mutual Of America Capital Management’s portfolio.
Other Hedge Funds, Including , Woodstock Corp boosted its stake in JPM in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 47,807 shares of JPMorgan Chase & Co. which is valued at $3,091,201. JPMorgan Chase & Co. makes up approx 0.62% of Woodstock Corp’s portfolio. Quantbot Technologies Lp sold out all of its stake in JPM during the most recent quarter. The investment firm sold 22,357 shares of JPM which is valued $1,445,604.Palisade Capital Managementnj reduced its stake in JPM by selling 43,726 shares or 23.23% in the most recent quarter. The Hedge Fund company now holds 144,497 shares of JPM which is valued at $9,343,176. JPMorgan Chase & Co. makes up approx 0.40% of Palisade Capital Managementnj’s portfolio.Capital Fund Management S.a. reduced its stake in JPM by selling 540,000 shares or 48.95% in the most recent quarter. The Hedge Fund company now holds 563,138 shares of JPM which is valued at $36,226,668. JPMorgan Chase & Co. makes up approx 0.62% of Capital Fund Management S.a.’s portfolio.Cypress Asset Management Inctx reduced its stake in JPM by selling 8,250 shares or 4.94% in the most recent quarter. The Hedge Fund company now holds 158,634 shares of JPM which is valued at $10,141,472. JPMorgan Chase & Co. makes up approx 1.97% of Cypress Asset Management Inctx’s portfolio.
JPMorgan Chase & Co. closed down -0.2 points or -0.30% at $66.1 with 1,13,59,174 shares getting traded on Monday. Post opening the session at $66.07, the shares hit an intraday low of $65.84 and an intraday high of $66.485 and the price fluctuated in this range throughout the day.Shares ended Monday 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 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.