JPMorgan Chase & Co. (JPM) : Panagora Asset Management Inc reduced its stake in JPMorgan Chase & Co. by 7.97% during the most recent quarter end. The investment management company now holds a total of 3,377,757 shares of JPMorgan Chase & Co. which is valued at $220,635,087 after selling 292,329 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 1.04% of Panagora Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Chilton Capital Management boosted its stake in JPM in the latest quarter, The investment management firm added 45 additional shares and now holds a total of 18,768 shares of JPMorgan Chase & Co. which is valued at $1,225,926. JPMorgan Chase & Co. makes up approx 0.12% of Chilton Capital Management’s portfolio.Highland Private Wealth Management reduced its stake in JPM by selling 13 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 4,980 shares of JPM which is valued at $325,294. JPMorgan Chase & Co. makes up approx 0.17% of Highland Private Wealth Management’s portfolio.Ubs Asset Management Americas Inc reduced its stake in JPM by selling 68,246 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 13,100,460 shares of JPM which is valued at $857,556,112. JPMorgan Chase & Co. makes up approx 0.94% of Ubs Asset Management Americas Inc’s portfolio.Smith Chas P Associates Pa Cpas boosted its stake in JPM in the latest quarter, The investment management firm added 15,279 additional shares and now holds a total of 270,366 shares of JPMorgan Chase & Co. which is valued at $17,481,866. JPMorgan Chase & Co. makes up approx 2.91% of Smith Chas P Associates Pa Cpas’s portfolio.Bender Robert Associates reduced its stake in JPM by selling 170 shares or 3.32% in the most recent quarter. The Hedge Fund company now holds 4,949 shares of JPM which is valued at $316,934. JPMorgan Chase & Co. makes up approx 0.21% of Bender Robert Associates’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.