Gvo Asset Management Ltd buys $34,002,351 stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Gvo Asset Management Ltd scooped up 23,319 additional shares in JPMorgan Chase & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 14, 2016. The investment management firm now holds a total of 531,619 shares of JPMorgan Chase & Co. which is valued at $34,002,351.JPMorgan Chase & Co. makes up approximately 3.82% of Gvo Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Private Bank Trust Co reduced its stake in JPM by selling 1,427 shares or 2.45% in the most recent quarter. The Hedge Fund company now holds 56,786 shares of JPM which is valued at $3,632,033. JPMorgan Chase & Co. makes up approx 0.55% of Private Bank Trust Co’s portfolio.Patten Patten Inctn reduced its stake in JPM by selling 90 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 120,342 shares of JPM which is valued at $7,440,746. JPMorgan Chase & Co. makes up approx 1.02% of Patten Patten Inctn’s portfolio.Howland Capital Management boosted its stake in JPM in the latest quarter, The investment management firm added 843 additional shares and now holds a total of 13,780 shares of JPMorgan Chase & Co. which is valued at $852,017. JPMorgan Chase & Co. makes up approx 0.08% of Howland Capital Management’s portfolio.Iowa State Bank boosted its stake in JPM in the latest quarter, The investment management firm added 925 additional shares and now holds a total of 68,092 shares of JPMorgan Chase & Co. which is valued at $4,210,128. JPMorgan Chase & Co. makes up approx 2.13% of Iowa State Bank’s portfolio.

JPMorgan Chase & Co. closed down -0.22 points or -0.34% at $63.96 with 1,08,24,364 shares getting traded on Monday. Post opening the session at $64.13, the shares hit an intraday low of $63.9 and an intraday high of $64.4 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 $1.55 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.. 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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