Signature Financial Management Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Signature Financial Management reduced its stake in JPMorgan Chase & Co. by 6.02% during the most recent quarter end. The investment management company now holds a total of 15,603 shares of JPMorgan Chase & Co. which is valued at $1,008,890 after selling 1,000 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 0.47% of Signature Financial Management’s portfolio.

Other Hedge Funds, Including , Keating Investment Counselors Inc reduced its stake in JPM by selling 15,090 shares or 67.29% in the most recent quarter. The Hedge Fund company now holds 7,334 shares of JPM which is valued at $474,216. JPMorgan Chase & Co. makes up approx 0.23% of Keating Investment Counselors Inc’s portfolio.Dumont Blake Investment Advisors reduced its stake in JPM by selling 740 shares or 2.11% in the most recent quarter. The Hedge Fund company now holds 34,375 shares of JPM which is valued at $2,222,688. JPMorgan Chase & Co. makes up approx 1.09% of Dumont Blake Investment Advisors’s portfolio.Kalos Management reduced its stake in JPM by selling 18,387 shares or 49.39% in the most recent quarter. The Hedge Fund company now holds 18,840 shares of JPM which is valued at $1,218,194. JPMorgan Chase & Co. makes up approx 0.92% of Kalos Management’s portfolio.Premier Fund Managers Ltd boosted its stake in JPM in the latest quarter, The investment management firm added 8,800 additional shares and now holds a total of 54,800 shares of JPMorgan Chase & Co. which is valued at $3,505,556. JPMorgan Chase & Co. makes up approx 3.30% of Premier Fund Managers Ltd’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.

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