Capital Analysts Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Capital Analysts reduced its stake in JPMorgan Chase & Co. by 4.39% during the most recent quarter end. The investment management company now holds a total of 46,159 shares of JPMorgan Chase & Co. which is valued at $3,670,102 after selling 2,120 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.JPMorgan Chase & Co. makes up approximately 0.70% of Capital Analysts’s portfolio.

Other Hedge Funds, Including , Euclid Advisors sold out all of its stake in JPM during the most recent quarter. The investment firm sold 173,040 shares of JPM which is valued $13,758,410.King Luther Capital Management Corp boosted its stake in JPM in the latest quarter, The investment management firm added 33,119 additional shares and now holds a total of 1,600,187 shares of JPMorgan Chase & Co. which is valued at $122,654,334. JPMorgan Chase & Co. makes up approx 1.19% of King Luther Capital Management Corp’s portfolio.Argent Trust Co boosted its stake in JPM in the latest quarter, The investment management firm added 515 additional shares and now holds a total of 43,305 shares of JPMorgan Chase & Co. which is valued at $3,172,091. JPMorgan Chase & Co. makes up approx 1.35% of Argent Trust Co’s portfolio.Exchange Capital Management boosted its stake in JPM in the latest quarter, The investment management firm added 590 additional shares and now holds a total of 115,537 shares of JPMorgan Chase & Co. which is valued at $8,463,085. JPMorgan Chase & Co. makes up approx 3.34% of Exchange Capital Management’s portfolio.National Investment Services Inc Wi reduced its stake in JPM by selling 966 shares or 2.18% in the most recent quarter. The Hedge Fund company now holds 43,247 shares of JPM which is valued at $2,982,746. JPMorgan Chase & Co. makes up approx 3.44% of National Investment Services Inc Wi’s portfolio.

JPMorgan Chase & Co. closed down -0.31 points or -0.40% at $77.71 with 1,97,69,965 shares getting traded on Monday. Post opening the session at $77.96, the shares hit an intraday low of $77.55 and an intraday high of $78.42 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 $1.58 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.. Robert W. Baird Downgraded JPMorgan Chase & Co. on Nov 9, 2016 to ” Neutral”, Price Target of the shares are set at $72.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. 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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