Teachers Advisors Inc buys $473,603,966 stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Teachers Advisors Inc scooped up 238,419 additional shares in JPMorgan Chase & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 7,250,520 shares of JPMorgan Chase & Co. which is valued at $473,603,966.JPMorgan Chase & Co. makes up approximately 0.79% of Teachers Advisors Inc’s portfolio.

Other Hedge Funds, Including , Raab Moskowitz Asset Management reduced its stake in JPM by selling 2,348 shares or 13.21% in the most recent quarter. The Hedge Fund company now holds 15,427 shares of JPM which is valued at $1,007,692. JPMorgan Chase & Co. makes up approx 0.55% of Raab Moskowitz Asset Management’s portfolio.Private Advisor Group boosted its stake in JPM in the latest quarter, The investment management firm added 48,657 additional shares and now holds a total of 147,040 shares of JPMorgan Chase & Co. which is valued at $9,719,344. JPMorgan Chase & Co. makes up approx 0.38% of Private Advisor Group’s portfolio.Rafferty Asset Management reduced its stake in JPM by selling 96,225 shares or 19.65% in the most recent quarter. The Hedge Fund company now holds 393,508 shares of JPM which is valued at $25,759,034. JPMorgan Chase & Co. makes up approx 1.62% of Rafferty Asset Management’s portfolio.Cardinal Capital Management reduced its stake in JPM by selling 115 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 56,683 shares of JPM which is valued at $3,626,012. JPMorgan Chase & Co. makes up approx 1.43% of Cardinal Capital Management’s portfolio.

JPMorgan Chase & Co. closed down -0.03 points or -0.05% at $65.77 with 89,49,577 shares getting traded on Tuesday. Post opening the session at $66.07, the shares hit an intraday low of $65.76 and an intraday high of $66.34 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.. JPMorgan Chase & Co. was Downgraded by Bernstein to ” Mkt Perform” on Aug 16, 2016. 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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