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

JPMorgan Chase & Co. (JPM) : Barrett Asset Management reduced its stake in JPMorgan Chase & Co. by 1.53% during the most recent quarter end. The investment management company now holds a total of 362,327 shares of JPMorgan Chase & Co. which is valued at $23,163,565 after selling 5,612 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.JPMorgan Chase & Co. makes up approximately 1.93% of Barrett Asset Management’s portfolio.

Other Hedge Funds, Including , Stewart Patten Co boosted its stake in JPM in the latest quarter, The investment management firm added 926 additional shares and now holds a total of 350,580 shares of JPMorgan Chase & Co. which is valued at $22,412,579. JPMorgan Chase & Co. makes up approx 4.27% of Stewart Patten Co’s portfolio.Mitchell Mcleod Pugh Williams Inc boosted its stake in JPM in the latest quarter, The investment management firm added 24 additional shares and now holds a total of 18,137 shares of JPMorgan Chase & Co. which is valued at $1,160,043. JPMorgan Chase & Co. makes up approx 0.86% of Mitchell Mcleod Pugh Williams Inc’s portfolio.Gradient Investments boosted its stake in JPM in the latest quarter, The investment management firm added 6,869 additional shares and now holds a total of 67,984 shares of JPMorgan Chase & Co. which is valued at $4,348,257. JPMorgan Chase & Co. makes up approx 0.46% of Gradient Investments’s portfolio.Bank Of Stockton boosted its stake in JPM in the latest quarter, The investment management firm added 885 additional shares and now holds a total of 22,925 shares of JPMorgan Chase & Co. which is valued at $1,417,453. JPMorgan Chase & Co. makes up approx 0.74% of Bank Of Stockton’s portfolio.

JPMorgan Chase & Co. opened for trading at $64.11 and hit $64.229 on the upside on Wednesday, eventually ending the session at $63.93, with a gain of 0.11% or 0.07 points. The heightened volatility saw the trading volume jump to 1,04,11,068 shares. Company has a market cap of $233,770 M.

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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