Jpmorgan Chase & Co (JPM) Holder Adage Capital Partners Gp LLC Trimmed Its Position as Shares Declined

February 21, 2018 - By Ellis Scott

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.28, from 1.19 in 2017Q2. It fall, as 65 investors sold JPM shares while 767 reduced holdings. 125 funds opened positions while 635 raised stakes. 2.50 billion shares or 7.05% less from 2.69 billion shares in 2017Q2 were reported. 77,115 were reported by Dearborn Prtn Ltd Com. Hrt Fin Llc has invested 0.44% in JPMorgan Chase & Co. (NYSE:JPM). Baring Asset Mngmt Limited has invested 0.36% in JPMorgan Chase & Co. (NYSE:JPM). 6.96M are held by Credit Suisse Ag. Stoneridge Investment Prtnrs Limited Company owns 122,182 shares. Pathstone Family Office Lc reported 1,430 shares. Deroy Devereaux Private Invest Counsel invested in 2.08% or 193,463 shares. Hirtle Callaghan And Com Ltd Liability Corp holds 5,332 shares or 0.05% of its portfolio. Private Ocean Ltd Limited Liability Company stated it has 0.04% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). 683 Capital Management Limited Company reported 0.2% stake. Us Retail Bank De reported 1.09% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Los Angeles Management And Equity Research holds 0.6% or 1.08 million shares. Capital Wealth Planning Lc holds 1.13% or 14,990 shares in its portfolio. Tortoise Invest Limited Liability Co holds 6,609 shares or 0.19% of its portfolio. East Coast Asset Limited Liability Company owns 9,769 shares.

Since October 25, 2017, it had 1 buy, and 9 insider sales for $22.34 million activity. Shares for $1.84 million were sold by BACON ASHLEY on Saturday, January 13. Petno Douglas B sold $5.43 million worth of JPMorgan Chase & Co. (NYSE:JPM) on Saturday, January 13. On Saturday, January 13 the insider Scher Peter sold $1.91 million. Another trade for 9,194 shares valued at $1.03M was made by Lake Marianne on Saturday, January 13. $425,399 worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Giles Nicole. Another trade for 65,101 shares valued at $7.31 million was sold by Erdoes Mary E..

Phill Gross decreased its stake in Jpmorgan Chase & Co (JPM) by 22.77% based on its latest 2017Q3 regulatory filing with the SEC. Adage Capital Partners Gp Llc sold 1.17M shares as the company’s stock declined 6.04% while stock markets rallied. The hedge fund run by Phill Gross held 3.98M shares of the major banks company at the end of 2017Q3, valued at $379.85M, down from 5.15M at the end of the previous reported quarter. Adage Capital Partners Gp Llc who had been investing in Jpmorgan Chase & Co for a number of months, seems to be less bullish one the $392.86B market cap company. The stock increased 0.03% or $0.03 during the last trading session, reaching $114.71. About 13.46M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since February 21, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

Adage Capital Partners Gp Llc, which manages about $41.15B US Long portfolio, upped its stake in Arconic Inc by 334,924 shares to 625,324 shares, valued at $15.56M in 2017Q3, according to the filing. It also increased its holding in Tenneco Inc (NYSE:TEN) by 237,727 shares in the quarter, for a total of 337,727 shares, and has risen its stake in Parsley Energy Inc (NYSE:PE).

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on April, 12. They expect $2.23 EPS, up 35.15 % or $0.58 from last year’s $1.65 per share. JPM’s profit will be $7.64 billion for 12.86 P/E if the $2.23 EPS becomes a reality. After $1.76 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts 26.70 % EPS growth.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Investorplace.com which released: “JPMorgan Chase & Co (JPM) a Buy This Week” on February 20, 2018, also Cnbc.com with their article: “Amazon, Berkshire Hathaway, and JPMorgan Chase to partner on US employee …” published on January 30, 2018, Bloomberg.com published: “JPMorgan Pledges $20 Billion for Loans, Jobs After Tax Cut” on January 23, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Investorplace.com and their article: “JPMorgan Chase & Co (JPM) Ranking Raised to Buy at recent price of $110.17, on …” published on February 12, 2018 as well as Seekingalpha.com‘s news article titled: “JPMorgan Chase: Riding Out The Squall” with publication date: February 15, 2018.

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

Among 33 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 13 Hold. Therefore 55% are positive. JPMorgan Chase & Co had 110 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by Citigroup on Monday, October 5. The firm earned “Buy” rating on Tuesday, September 1 by Vetr. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by Credit Suisse on Wednesday, January 24. On Tuesday, July 21 the stock rating was maintained by Jefferies with “Buy”. Credit Suisse maintained the stock with “Outperform” rating in Monday, July 17 report. The stock has “Buy” rating by Bank of America on Friday, October 13. Nomura maintained the shares of JPM in report on Friday, October 13 with “Neutral” rating. The rating was maintained by Jefferies on Wednesday, February 24 with “Buy”. As per Thursday, December 21, the company rating was upgraded by Buckingham Research. The firm has “Buy” rating given on Friday, September 15 by Jefferies.

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