Wespac Advisors buys $1,431,150 stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Wespac Advisors scooped up 2,914 additional shares in JPMorgan Chase & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 22,247 shares of JPMorgan Chase & Co. which is valued at $1,431,150.JPMorgan Chase & Co. makes up approximately 1.45% of Wespac Advisors’s portfolio.

Other Hedge Funds, Including , Pggm Investments boosted its stake in JPM in the latest quarter, The investment management firm added 128,295 additional shares and now holds a total of 2,585,339 shares of JPMorgan Chase & Co. which is valued at $166,314,858. JPMorgan Chase & Co. makes up approx 0.83% of Pggm Investments’s portfolio.Commonwealth Financial Services reduced its stake in JPM by selling 467 shares or 19.01% in the most recent quarter. The Hedge Fund company now holds 1,990 shares of JPM which is valued at $127,440. JPMorgan Chase & Co. makes up approx 0.15% of Commonwealth Financial Services’s portfolio. Visionary Asset Management sold out all of its stake in JPM during the most recent quarter. The investment firm sold 4,157 shares of JPM which is valued $265,882.Webster Bank N. A. reduced its stake in JPM by selling 3,753 shares or 2.53% in the most recent quarter. The Hedge Fund company now holds 144,815 shares of JPM which is valued at $9,146,515. JPMorgan Chase & Co. makes up approx 1.31% of Webster Bank N. A.’s portfolio.Triangle Securities Wealth Management reduced its stake in JPM by selling 5,916 shares or 13.17% in the most recent quarter. The Hedge Fund company now holds 39,002 shares of JPM which is valued at $2,411,494. JPMorgan Chase & Co. makes up approx 1.78% of Triangle Securities Wealth Management’s portfolio.

JPMorgan Chase & Co. closed down -0.13 points or -0.20% at $63.97 with 1,32,10,412 shares getting traded on Friday. Post opening the session at $63.8, the shares hit an intraday low of $63.75 and an intraday high of $64.29 and the price fluctuated in this range throughout the day.Shares ended Friday 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.. 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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