JPMorgan Chase & Co. (JPM) : Sadoff Investment Management reduced its stake in JPMorgan Chase & Co. by 7.79% during the most recent quarter end. The investment management company now holds a total of 4,310 shares of JPMorgan Chase & Co. which is valued at $293,554 after selling 364 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.JPMorgan Chase & Co. makes up approximately 0.03% of Sadoff Investment Management’s portfolio.
Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in JPM by selling 24,259 shares or 2.56% in the most recent quarter. The Hedge Fund company now holds 922,268 shares of JPM which is valued at $62,815,673. JPMorgan Chase & Co. makes up approx 1.32% of Exxonmobil Investment Management Inc Tx’s portfolio.Independent Portfolio Consultants reduced its stake in JPM by selling 2,590 shares or 6.06% in the most recent quarter. The Hedge Fund company now holds 40,168 shares of JPM which is valued at $2,718,972. JPMorgan Chase & Co. makes up approx 0.86% of Independent Portfolio Consultants’s portfolio.West Oak Capital boosted its stake in JPM in the latest quarter, The investment management firm added 1,049 additional shares and now holds a total of 32,294 shares of JPMorgan Chase & Co. which is valued at $2,185,981. JPMorgan Chase & Co. makes up approx 1.51% of West Oak Capital’s portfolio. Ct Mason added JPM to its portfolio by purchasing 6,000 company shares during the most recent quarter which is valued at $406,140. JPMorgan Chase & Co. makes up approx 0.18% of Ct Mason’s portfolio.Beacon Financial Group boosted its stake in JPM in the latest quarter, The investment management firm added 1,101 additional shares and now holds a total of 4,678 shares of JPMorgan Chase & Co. which is valued at $316,654. JPMorgan Chase & Co. makes up approx 0.07% of Beacon Financial Group’s portfolio.
JPMorgan Chase & Co. opened for trading at $67.79 and hit $68.18 on the upside on Friday, eventually ending the session at $68.11, with a gain of 0.35% or 0.24 points. The heightened volatility saw the trading volume jump to 1,84,97,019 shares. Company has a market cap of $246,012 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 Macquarie to ” Neutral” on Sep 9, 2016. 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.
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.