True Bearing Asset Management Lp Lowers stake in JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM) : True Bearing Asset Management Lp reduced its stake in JPMorgan Chase & Co. by 24.16% during the most recent quarter end. The investment management company now holds a total of 18,960 shares of JPMorgan Chase & Co. which is valued at $1,238,467 after selling 6,040 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 2.99% of True Bearing Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Securities Holdings Ltd. added JPM to its portfolio by purchasing 1,030 company shares during the most recent quarter which is valued at $67,280. JPMorgan Chase & Co. makes up approx 0.21% of Mitsubishi Ufj Securities Holdings Ltd.’s portfolio.Seven Eight Capital boosted its stake in JPM in the latest quarter, The investment management firm added 13,500 additional shares and now holds a total of 15,100 shares of JPMorgan Chase & Co. which is valued at $986,332. JPMorgan Chase & Co. makes up approx 0.33% of Seven Eight Capital’s portfolio.Vantage Investment Partners boosted its stake in JPM in the latest quarter, The investment management firm added 25,000 additional shares and now holds a total of 1,967,765 shares of JPMorgan Chase & Co. which is valued at $128,534,410. JPMorgan Chase & Co. makes up approx 13.09% of Vantage Investment Partners’s portfolio. Integral Derivatives sold out all of its stake in JPM during the most recent quarter. The investment firm sold 7,814 shares of JPM which is valued $518,068.Macguire Cheswick Tuttle Investment Counsel boosted its stake in JPM in the latest quarter, The investment management firm added 5,025 additional shares and now holds a total of 261,572 shares of JPMorgan Chase & Co. which is valued at $16,751,071. JPMorgan Chase & Co. makes up approx 3.59% of Macguire Cheswick Tuttle Investment Counsel’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.

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