J P Morgan Chase & Co (JPM) Shareholder Neuberger Berman Group LLC Has Trimmed Holding

December 8, 2017 - By Nellie Frank

Investors sentiment increased to 1.19 in Q2 2017. Its up 0.32, from 0.87 in 2017Q1. It increased, as 56 investors sold JPM shares while 678 reduced holdings. 146 funds opened positions while 731 raised stakes. 2.69 billion shares or 4.21% more from 2.58 billion shares in 2017Q1 were reported. Triangle Wealth has invested 2.07% in JPMorgan Chase & Co. (NYSE:JPM). Nationwide Fund has invested 0.92% in JPMorgan Chase & Co. (NYSE:JPM). 3,294 are owned by Wedgewood Invsts Pa. Tokio Marine Asset Management Company, Japan-based fund reported 56,727 shares. Spirit Of America Management New York reported 14,977 shares or 0.15% of all its holdings. Caprock Grp stated it has 0.51% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). 646,205 are held by Mirae Asset Global Limited. Farr Miller And Washington Lc Dc reported 2.68% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Guggenheim Capital Limited Company reported 1.25M shares. Baring Asset Mngmt Ltd stated it has 66,496 shares. Peddock Cap Advsr Ltd Limited Liability Company, a Massachusetts-based fund reported 25,805 shares. 8,160 are owned by Horizon Kinetics Ltd Liability Corp. Nordea Invest Management Ab reported 6.17M shares or 1.42% of all its holdings. Sandhill Prns Ltd Co invested 0.4% in JPMorgan Chase & Co. (NYSE:JPM). Waratah Capital Advsr accumulated 21,945 shares or 0.28% of the stock.

Neuberger Berman Group Llc decreased its stake in J P Morgan Chase & Co (JPM) by 1.23% based on its latest 2017Q2 regulatory filing with the SEC. Neuberger Berman Group Llc sold 197,228 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 15.89M shares of the major banks company at the end of 2017Q2, valued at $1.45B, down from 16.09 million at the end of the previous reported quarter. Neuberger Berman Group Llc who had been investing in J P Morgan Chase & Co for a number of months, seems to be less bullish one the $362.95 billion market cap company. The stock decreased 0.30% or $0.31 during the last trading session, reaching $104.62. About 13.37 million shares traded or 6.63% up from the average. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since December 8, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.

Neuberger Berman Group Llc, which manages about $77.86B US Long portfolio, upped its stake in Dynegy Inc (NYSE:DYN) by 784,221 shares to 2.03M shares, valued at $16.82M in 2017Q2, according to the filing. It also increased its holding in Jd.Com Inc (NASDAQ:JD) by 87,920 shares in the quarter, for a total of 377,065 shares, and has risen its stake in Jazz Pharmaceuticals Plc (NASDAQ:JAZZ).

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on January, 12. They expect $1.71 EPS, 0.00 % or $0.00 from last year’s $1.71 per share. JPM’s profit will be $5.93 billion for 15.30 P/E if the $1.71 EPS becomes a reality. After $1.76 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -2.84 % negative EPS growth.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Investorplace.com which released: “Weak Industry Group Rank Drops JPMorgan Chase & Co (JPM) to Hold” on December 05, 2017, also Globenewswire.com with their article: “JPMorgan Chase & Co notifies 3.12% shareholding in TiGenix” published on November 24, 2017, Bloomberg.com published: “JPMorgan, Wells Fargo Form Company to Handle Partnership Vetting” on November 14, 2017. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Crainsdetroit.com and their article: “JPMorgan Chase grants $900000 for Detroit sustainability efforts” published on November 16, 2017 as well as Seekingalpha.com‘s news article titled: “JPMorgan Chase & Co (JPM) Presents at Wells Fargo Investment Thought …” with publication date: December 08, 2017.

JPMorgan Chase & Co. (NYSE:JPM) Ratings Coverage

Among 32 analysts covering JPMorgan Chase & Co (NYSE:JPM), 17 have Buy rating, 2 Sell and 13 Hold. Therefore 53% are positive. JPMorgan Chase & Co has $110 highest and $52 lowest target. $89.23’s average target is -14.71% below currents $104.62 stock price. JPMorgan Chase & Co had 88 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Neutral” rating by Nomura on Thursday, April 14. The stock has “Buy” rating by UBS on Wednesday, January 11. The firm has “Buy” rating by UBS given on Friday, February 5. The firm has “Neutral” rating by Robert W. Baird given on Friday, October 13. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Hold” rating given on Tuesday, June 6 by Keefe Bruyette & Woods. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Neutral” rating given on Wednesday, November 9 by Robert W. Baird. Guggenheim upgraded JPMorgan Chase & Co. (NYSE:JPM) on Wednesday, April 26 to “Buy” rating. The company was maintained on Monday, July 17 by Credit Suisse. The firm earned “Hold” rating on Tuesday, September 26 by Deutsche Bank. The stock has “Neutral” rating by Goldman Sachs on Thursday, April 14.

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