Farmers Trust Co Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Farmers Trust Co reduced its stake in JPMorgan Chase & Co. by 3.59% during the most recent quarter end. The investment management company now holds a total of 112,312 shares of JPMorgan Chase & Co. which is valued at $7,583,306 after selling 4,180 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.JPMorgan Chase & Co. makes up approximately 2.65% of Farmers Trust Co’s portfolio.

Other Hedge Funds, Including , Sonora Investment Management boosted its stake in JPM in the latest quarter, The investment management firm added 1,232 additional shares and now holds a total of 6,820 shares of JPMorgan Chase & Co. which is valued at $460,486. JPMorgan Chase & Co. makes up approx 0.24% of Sonora Investment Management’s portfolio.Creative Planning boosted its stake in JPM in the latest quarter, The investment management firm added 10,727 additional shares and now holds a total of 373,689 shares of JPMorgan Chase & Co. which is valued at $25,526,696. JPMorgan Chase & Co. makes up approx 0.16% of Creative Planning’s portfolio. Maple Securities Usa Inc sold out all of its stake in JPM during the most recent quarter. The investment firm sold 37,250 shares of JPM which is valued $2,556,840.First United Bank Trust boosted its stake in JPM in the latest quarter, The investment management firm added 580 additional shares and now holds a total of 17,842 shares of JPMorgan Chase & Co. which is valued at $1,224,675. JPMorgan Chase & Co. makes up approx 1.02% of First United Bank Trust’s portfolio.

JPMorgan Chase & Co. closed down -0.22 points or -0.32% at $67.52 with 2,41,63,776 shares getting traded on Friday. Post opening the session at $68.8, the shares hit an intraday low of $67.3 and an intraday high of $69.03 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 $1.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Oct 14, 2016. Analyst had a consensus of $1.39. The company had revenue of $24673.00 million for the quarter, compared to analysts expectations of $23687.07 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS.

Many Wall Street Analysts have commented on JPMorgan Chase & Co.. Buckingham Research Downgraded JPMorgan Chase & Co. on Oct 17, 2016 to ” Neutral”, Price Target of the shares are set at $74.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. 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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