Louisiana State Employees Retirement System Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Louisiana State Employees Retirement System reduced its stake in JPMorgan Chase & Co. by 2.28% during the most recent quarter end. The investment management company now holds a total of 239,900 shares of JPMorgan Chase & Co. which is valued at $15,432,767 after selling 5,600 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.JPMorgan Chase & Co. makes up approximately 0.78% of Louisiana State Employees Retirement System’s portfolio.

Other Hedge Funds, Including , Atalanta Sosnoff Capital reduced its stake in JPM by selling 180,084 shares or 12.05% in the most recent quarter. The Hedge Fund company now holds 1,313,832 shares of JPM which is valued at $84,518,813. JPMorgan Chase & Co. makes up approx 2.74% of Atalanta Sosnoff Capital’s portfolio.Alta Capital Management reduced its stake in JPM by selling 950 shares or 18.83% in the most recent quarter. The Hedge Fund company now holds 4,096 shares of JPM which is valued at $262,308. JPMorgan Chase & Co. makes up approx 0.02% of Alta Capital Management’s portfolio.Blb&b Advisors boosted its stake in JPM in the latest quarter, The investment management firm added 1,421 additional shares and now holds a total of 118,987 shares of JPMorgan Chase & Co. which is valued at $7,606,839. JPMorgan Chase & Co. makes up approx 1.39% of Blb&b Advisors’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in JPM in the latest quarter, The investment management firm added 52,907 additional shares and now holds a total of 946,527 shares of JPMorgan Chase & Co. which is valued at $58,523,764. JPMorgan Chase & Co. makes up approx 1.22% of Exxonmobil Investment Management Inc Tx’s portfolio.Beutel Goodman Co Ltd. boosted its stake in JPM in the latest quarter, The investment management firm added 128,679 additional shares and now holds a total of 2,714,100 shares of JPMorgan Chase & Co. which is valued at $167,812,803. JPMorgan Chase & Co. makes up approx 1.69% of Beutel Goodman Co Ltd.’s portfolio.

JPMorgan Chase & Co. closed down -0.13 points or -0.20% at $63.97 with 1,32,10,412 shares getting traded on Friday. Post opening the session at $63.8, the shares hit an intraday low of $63.75 and an intraday high of $64.29 and the price fluctuated in this range throughout the day.Shares ended Friday 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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