Capstone Asset Management Co Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Capstone Asset Management Co reduced its stake in JPMorgan Chase & Co. by 6.04% during the most recent quarter end. The investment management company now holds a total of 432,656 shares of JPMorgan Chase & Co. which is valued at $29,554,731 after selling 27,797 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.JPMorgan Chase & Co. makes up approximately 0.86% of Capstone Asset Management Co’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in JPM by selling 269,942 shares or 15.93% in the most recent quarter. The Hedge Fund company now holds 1,424,712 shares of JPM which is valued at $97,322,077. JPMorgan Chase & Co. makes up approx 0.99% of British Columbia Investment Management Corp’s portfolio. Contravisory Investment Management added JPM to its portfolio by purchasing 35 company shares during the most recent quarter which is valued at $2,402.Addison Capital Co reduced its stake in JPM by selling 916 shares or 2.79% in the most recent quarter. The Hedge Fund company now holds 31,961 shares of JPM which is valued at $2,193,803. JPMorgan Chase & Co. makes up approx 1.93% of Addison Capital Co’s portfolio.Stillwater Capital Advisors reduced its stake in JPM by selling 1,348 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 180,975 shares of JPM which is valued at $12,422,124. JPMorgan Chase & Co. makes up approx 3.62% of Stillwater Capital Advisors’s portfolio. Lvm Capital Management Ltdmi added JPM to its portfolio by purchasing 4,675 company shares during the most recent quarter which is valued at $316,451. JPMorgan Chase & Co. makes up approx 0.10% of Lvm Capital Management Ltdmi’s portfolio.

JPMorgan Chase & Co. closed down -0.33 points or -0.48% at $68.31 with 1,56,57,104 shares getting traded on Tuesday. Post opening the session at $68.5, the shares hit an intraday low of $67.93 and an intraday high of $68.82 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 Macquarie to ” Neutral” on Sep 9, 2016. 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.

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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