J.p. Marvel Investment Advisors Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : J.p. Marvel Investment Advisors reduced its stake in JPMorgan Chase & Co. by 0.08% during the most recent quarter end. The investment management company now holds a total of 161,883 shares of JPMorgan Chase & Co. which is valued at $10,574,198 after selling 124 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.JPMorgan Chase & Co. makes up approximately 3.54% of J.p. Marvel Investment Advisors’s portfolio.

Other Hedge Funds, Including , Baker Avenue Asset Management Lp reduced its stake in JPM by selling 7,749 shares or 10.88% in the most recent quarter. The Hedge Fund company now holds 63,477 shares of JPM which is valued at $4,146,318. JPMorgan Chase & Co. makes up approx 0.60% of Baker Avenue Asset Management Lp’s portfolio.Shoker Investment Counsel reduced its stake in JPM by selling 514 shares or 2.02% in the most recent quarter. The Hedge Fund company now holds 24,905 shares of JPM which is valued at $1,626,795. JPMorgan Chase & Co. makes up approx 1.40% of Shoker Investment Counsel’s portfolio. Marathon Trading Investment Management sold out all of its stake in JPM during the most recent quarter. The investment firm sold 3,477 shares of JPM which is valued $227,118.Rfg Advisory Group reduced its stake in JPM by selling 233 shares or 2.87% in the most recent quarter. The Hedge Fund company now holds 7,875 shares of JPM which is valued at $509,198. JPMorgan Chase & Co. makes up approx 0.43% of Rfg Advisory Group’s portfolio.World Asset Management Inc boosted its stake in JPM in the latest quarter, The investment management firm added 2,095 additional shares and now holds a total of 370,956 shares of JPMorgan Chase & Co. which is valued at $23,986,015. JPMorgan Chase & Co. makes up approx 0.89% of World Asset Management Inc’s portfolio.

JPMorgan Chase & Co. closed down -0.29 points or -0.43% at $67.21 with 1,22,26,517 shares getting traded on Thursday. Post opening the session at $67.64, the shares hit an intraday low of $66.65 and an intraday high of $67.72 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

JPMorgan Chase & Co. - Is it time to Sell?

Top Brokerage Firms are advising their investors on JPMorgan Chase & Co.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.