Parametric Portfolio Associates buys $604,595,061 stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Parametric Portfolio Associates scooped up 196,219 additional shares in JPMorgan Chase & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 9,255,895 shares of JPMorgan Chase & Co. which is valued at $604,595,061.JPMorgan Chase & Co. makes up approximately 0.91% of Parametric Portfolio Associates’s portfolio.

Other Hedge Funds, Including , White Pine Capital boosted its stake in JPM in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 14,102 shares of JPMorgan Chase & Co. which is valued at $921,143. JPMorgan Chase & Co. makes up approx 0.37% of White Pine Capital’s portfolio.Chartwell Investment Partners boosted its stake in JPM in the latest quarter, The investment management firm added 8,135 additional shares and now holds a total of 325,681 shares of JPMorgan Chase & Co. which is valued at $21,592,650. JPMorgan Chase & Co. makes up approx 0.36% of Chartwell Investment Partners’s portfolio.Manning Napier Advisors boosted its stake in JPM in the latest quarter, The investment management firm added 15,043 additional shares and now holds a total of 327,746 shares of JPMorgan Chase & Co. which is valued at $21,729,560. JPMorgan Chase & Co. makes up approx 0.13% of Manning Napier Advisors’s portfolio.Pitcairn Co boosted its stake in JPM in the latest quarter, The investment management firm added 6,473 additional shares and now holds a total of 49,500 shares of JPMorgan Chase & Co. which is valued at $3,184,335. JPMorgan Chase & Co. makes up approx 0.40% of Pitcairn Co’s portfolio.Gradient Investments boosted its stake in JPM in the latest quarter, The investment management firm added 6,869 additional shares and now holds a total of 67,984 shares of JPMorgan Chase & Co. which is valued at $4,348,257. JPMorgan Chase & Co. makes up approx 0.46% of Gradient Investments’s portfolio.

JPMorgan Chase & Co. opened for trading at $66.49 and hit $67.1 on the upside on Monday, eventually ending the session at $66.95, with a gain of 1.10% or 0.73 points. The heightened volatility saw the trading volume jump to 1,45,83,145 shares. Company has a market cap of $241,822 M.

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.

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