JPMorgan Chase & Co. (JPM) : Manufacturers Life Insurance Company The reduced its stake in JPMorgan Chase & Co. by 8.71% during the most recent quarter end. The investment management company now holds a total of 14,022,496 shares of JPMorgan Chase & Co. which is valued at $1,075,385,218 after selling 1,337,078 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.JPMorgan Chase & Co. makes up approximately 1.61% of Manufacturers Life Insurance Company The’s portfolio.
Other Hedge Funds, Including , Tradewinds Global Investors sold out all of its stake in JPM during the most recent quarter. The investment firm sold 4,037 shares of JPM which is valued $320,982.Seizert Capital Partners reduced its stake in JPM by selling 69,848 shares or 9.78% in the most recent quarter. The Hedge Fund company now holds 644,202 shares of JPM which is valued at $47,187,797. JPMorgan Chase & Co. makes up approx 1.73% of Seizert Capital Partners’s portfolio.Murphy Capital Management Inc boosted its stake in JPM in the latest quarter, The investment management firm added 1,652 additional shares and now holds a total of 101,103 shares of JPMorgan Chase & Co. which is valued at $6,962,964. JPMorgan Chase & Co. makes up approx 1.09% of Murphy Capital Management Inc’s portfolio. Equitec Specialists added JPM to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $6,887.Bridge Creek Capital Management boosted its stake in JPM in the latest quarter, The investment management firm added 355 additional shares and now holds a total of 56,183 shares of JPMorgan Chase & Co. which is valued at $3,835,052. JPMorgan Chase & Co. makes up approx 2.24% of Bridge Creek Capital Management’s portfolio.
JPMorgan Chase & Co. closed down -0.31 points or -0.40% at $77.71 with 1,97,69,965 shares getting traded on Monday. Post opening the session at $77.96, the shares hit an intraday low of $77.55 and an intraday high of $78.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, JPMorgan Chase & Co. reported $1.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Oct 14, 2016. Analyst had a consensus of $1.39. The company had revenue of $24673.00 million for the quarter, compared to analysts expectations of $23687.07 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS.
Many Wall Street Analysts have commented on JPMorgan Chase & Co.. Robert W. Baird Downgraded JPMorgan Chase & Co. on Nov 9, 2016 to ” Neutral”, Price Target of the shares are set at $72.Buckingham Research Downgraded JPMorgan Chase & Co. on Oct 17, 2016 to ” Neutral”, Price Target of the shares are set at $74.JPMorgan Chase & Co. was Downgraded by Macquarie to ” Neutral” on Sep 9, 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.