Mckinley Carter Wealth Services Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Mckinley Carter Wealth Services reduced its stake in JPMorgan Chase & Co. by 8.27% during the most recent quarter end. The investment management company now holds a total of 11,795 shares of JPMorgan Chase & Co. which is valued at $762,665 after selling 1,064 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.JPMorgan Chase & Co. makes up approximately 0.39% of Mckinley Carter Wealth Services’s portfolio.

Other Hedge Funds, Including , Pillar Pacific Capital Management boosted its stake in JPM in the latest quarter, The investment management firm added 1,164 additional shares and now holds a total of 41,079 shares of JPMorgan Chase & Co. which is valued at $2,656,168. JPMorgan Chase & Co. makes up approx 0.43% of Pillar Pacific Capital Management’s portfolio.American Century Companies Inc reduced its stake in JPM by selling 450,970 shares or 5.19% in the most recent quarter. The Hedge Fund company now holds 8,237,585 shares of JPM which is valued at $529,923,843. JPMorgan Chase & Co. makes up approx 0.59% of American Century Companies Inc’s portfolio.W.g. Shaheen Associates Dba Whitney Co boosted its stake in JPM in the latest quarter, The investment management firm added 1,124 additional shares and now holds a total of 28,084 shares of JPMorgan Chase & Co. which is valued at $1,798,499. JPMorgan Chase & Co. makes up approx 0.71% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Eagle Asset Management Inc boosted its stake in JPM in the latest quarter, The investment management firm added 371,541 additional shares and now holds a total of 1,397,694 shares of JPMorgan Chase & Co. which is valued at $89,354,577. JPMorgan Chase & Co. makes up approx 0.59% of Eagle Asset Management Inc’s portfolio.

JPMorgan Chase & Co. closed down -0.1 points or -0.15% at $64.56 with 98,73,007 shares getting traded on Thursday. Post opening the session at $64.49, the shares hit an intraday low of $64.27 and an intraday high of $64.815 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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