Phillips Financial Management Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Phillips Financial Management reduced its stake in JPMorgan Chase & Co. by 3.65% during the most recent quarter end. The investment management company now holds a total of 14,158 shares of JPMorgan Chase & Co. which is valued at $926,783 after selling 536 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 0.25% of Phillips Financial Management’s portfolio.

Other Hedge Funds, Including , Flippin Bruce Porter Inc boosted its stake in JPM in the latest quarter, The investment management firm added 6,614 additional shares and now holds a total of 203,195 shares of JPMorgan Chase & Co. which is valued at $13,301,145. JPMorgan Chase & Co. makes up approx 3.73% of Flippin Bruce Porter Inc’s portfolio. Hap Trading sold out all of its stake in JPM during the most recent quarter. The investment firm sold 45,232 shares of JPM which is valued $2,998,882.Staley Capital Advisers Inc boosted its stake in JPM in the latest quarter, The investment management firm added 17,550 additional shares and now holds a total of 428,939 shares of JPMorgan Chase & Co. which is valued at $28,438,656. JPMorgan Chase & Co. makes up approx 2.84% of Staley Capital Advisers Inc’s portfolio.Commonwealth Equity Services Inc boosted its stake in JPM in the latest quarter, The investment management firm added 30,417 additional shares and now holds a total of 578,911 shares of JPMorgan Chase & Co. which is valued at $38,381,799. JPMorgan Chase & Co. makes up approx 0.31% of Commonwealth Equity Services Inc’s portfolio.Alta Capital Management reduced its stake in JPM by selling 950 shares or 18.83% in the most recent quarter. The Hedge Fund company now holds 4,096 shares of JPM which is valued at $262,308. JPMorgan Chase & Co. makes up approx 0.02% of Alta Capital Management’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.

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