Provise Management Group Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : Provise Management Group reduced its stake in JPMorgan Chase & Co. by 1.15% during the most recent quarter end. The investment management company now holds a total of 43,042 shares of JPMorgan Chase & Co. which is valued at $2,783,096 after selling 500 shares in JPMorgan Chase & Co. , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.JPMorgan Chase & Co. makes up approximately 0.50% of Provise Management Group’s portfolio.

Other Hedge Funds, Including , Pekin Singer Strauss Asset Management Il reduced its stake in JPM by selling 524 shares or 2.05% in the most recent quarter. The Hedge Fund company now holds 25,066 shares of JPM which is valued at $1,620,768. JPMorgan Chase & Co. makes up approx 0.35% of Pekin Singer Strauss Asset Management Il’s portfolio.First Citizens Bank Trust Co reduced its stake in JPM by selling 43,452 shares or 10.45% in the most recent quarter. The Hedge Fund company now holds 372,178 shares of JPM which is valued at $23,808,227. JPMorgan Chase & Co. makes up approx 2.06% of First Citizens Bank Trust Co’s portfolio. Filament sold out all of its stake in JPM during the most recent quarter. The investment firm sold 5,670 shares of JPM which is valued $362,710.Barometer Capital Management boosted its stake in JPM in the latest quarter, The investment management firm added 2,100 additional shares and now holds a total of 21,100 shares of JPMorgan Chase & Co. which is valued at $1,349,556. JPMorgan Chase & Co. makes up approx 0.13% of Barometer Capital Management’s portfolio.Campbell Newman Asset Management Inc boosted its stake in JPM in the latest quarter, The investment management firm added 27,615 additional shares and now holds a total of 293,143 shares of JPMorgan Chase & Co. which is valued at $18,514,912. JPMorgan Chase & Co. makes up approx 3.29% of Campbell Newman Asset Management Inc’s portfolio.

JPMorgan Chase & Co. closed down -0.2 points or -0.30% at $66.1 with 1,13,59,174 shares getting traded on Monday. Post opening the session at $66.07, the shares hit an intraday low of $65.84 and an intraday high of $66.485 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.. 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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