JPMorgan Chase & Co. (JPM) : Barrow Hanley Mewhinney Strauss reduced its stake in JPMorgan Chase & Co. by 2.89% during the most recent quarter end. The investment management company now holds a total of 30,137,691 shares of JPMorgan Chase & Co. which is valued at $1,972,813,253 after selling 896,353 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.JPMorgan Chase & Co. makes up approximately 2.90% of Barrow Hanley Mewhinney Strauss’s portfolio.
Other Hedge Funds, Including , Gmt Capital Corp reduced its stake in JPM by selling 145,600 shares or 22.42% in the most recent quarter. The Hedge Fund company now holds 503,800 shares of JPM which is valued at $32,978,748. JPMorgan Chase & Co. makes up approx 0.74% of Gmt Capital Corp’s portfolio.First Midwest Bank Trust Division boosted its stake in JPM in the latest quarter, The investment management firm added 11,658 additional shares and now holds a total of 136,127 shares of JPMorgan Chase & Co. which is valued at $8,757,050. JPMorgan Chase & Co. makes up approx 1.05% of First Midwest Bank Trust Division’s portfolio.Dorchester Wealth Management Co boosted its stake in JPM in the latest quarter, The investment management firm added 1,195 additional shares and now holds a total of 33,525 shares of JPMorgan Chase & Co. which is valued at $2,146,941. JPMorgan Chase & Co. makes up approx 0.78% of Dorchester Wealth Management Co’s portfolio.Arcadia Investment Management Corpmi boosted its stake in JPM in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 7,603 shares of JPMorgan Chase & Co. which is valued at $486,288. JPMorgan Chase & Co. makes up approx 0.15% of Arcadia Investment Management Corpmi’s portfolio.
JPMorgan Chase & Co. opened for trading at $65.56 and hit $65.83 on the upside on Monday, eventually ending the session at $65.72, with a gain of 0.61% or 0.4 points. The heightened volatility saw the trading volume jump to 83,71,557 shares. Company has a market cap of $237,379 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.. JPMorgan Chase & Co. was Downgraded by Citigroup to ” Neutral” on Aug 8, 2016. 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.