Jpmorgan Chase & Co Com (JPM) Stake Increased by Pinebridge Investments Lp

January 20, 2018 - By Henry Gaston

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.28, from 1.19 in 2017Q2. It worsened, 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. Moreover, Adell Harriman And Carpenter has 2.63% invested in JPMorgan Chase & Co. (NYSE:JPM). Mackenzie Finance stated it has 657,938 shares or 0.34% of all its holdings. Pekin Singer Strauss Asset Il holds 0.46% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 25,583 shares. Vigilant Capital Ltd owns 2,597 shares. First Fincl Bank holds 1.83% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 112,904 shares. 3.11 million are owned by Aviva Public Ltd. Investors Asset Management Of Georgia Ga Adv reported 2.35% stake. Private Grp Inc holds 527,145 shares. Associated Banc has invested 2.12% in JPMorgan Chase & Co. (NYSE:JPM). Moreover, Douglass Winthrop Advsr Ltd Liability Corp has 0.47% invested in JPMorgan Chase & Co. (NYSE:JPM) for 84,064 shares. 11,506 are owned by Loews. Rex Capital Advsrs Limited Com holds 11,520 shares or 0.86% of its portfolio. Sei Investments Com has invested 0.71% in JPMorgan Chase & Co. (NYSE:JPM). Putnam has 8.09M shares for 1.78% of their portfolio. Paragon Cap Mngmt holds 0.28% or 7,674 shares.

Since August 21, 2017, it had 0 insider buys, and 9 selling transactions for $21.06 million activity. 17,729 JPMorgan Chase & Co. (NYSE:JPM) shares with value of $1.99 million were sold by Friedman Stacey. Another trade for 17,057 shares valued at $1.91 million was sold by Scher Peter. Giles Nicole had sold 3,783 shares worth $425,399 on Saturday, January 13. Shares for $7.31M were sold by Erdoes Mary E. on Saturday, January 13. 16,434 shares valued at $1.84M were sold by BACON ASHLEY on Saturday, January 13. 9,194 JPMorgan Chase & Co. (NYSE:JPM) shares with value of $1.03M were sold by Lake Marianne.

Pinebridge Investments Lp increased its stake in Jpmorgan Chase & Co Com (JPM) by 15.37% based on its latest 2017Q3 regulatory filing with the SEC. Pinebridge Investments Lp bought 172,954 shares as the company’s stock declined 6.04% while stock markets rallied. The hedge fund held 1.30M shares of the major banks company at the end of 2017Q3, valued at $123.96M, up from 1.12 million at the end of the previous reported quarter. Pinebridge Investments Lp who had been investing in Jpmorgan Chase & Co Com for a number of months, seems to be bullish on the $392.06B market cap company. The stock decreased 0.22% or $0.25 during the last trading session, reaching $113.01. About 18.79 million shares traded or 40.10% up from the average. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since January 20, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

Pinebridge Investments Lp, which manages about $38.23 billion and $4.16B US Long portfolio, decreased its stake in Johnson & Johnson Com (NYSE:JNJ) by 63,425 shares to 143,171 shares, valued at $18.61 million in 2017Q3, according to the filing. It also reduced its holding in Berkshire Hathaway Inc Del Cl B New (BRKB) by 94,639 shares in the quarter, leaving it with 45,377 shares, and cut its stake in Ishares Tr Core S&P Scp Etf (IJR).

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Seekingalpha.com which released: “JPMorgan Earnings Review: Bullish” on January 17, 2018, also Seekingalpha.com with their article: “JPMorgan Chase & Co’s (JPM) CEO James Dimon on Q4 2017 Results – Earnings Call …” published on January 12, 2018, Seekingalpha.com published: “JPMorgan Chase: Positive Outlook For 2018” on January 19, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Seekingalpha.com and their article: “Cautiously Bullish On JPMorgan Chase” published on January 15, 2018 as well as Investorplace.com‘s news article titled: “Trade of the Day: JPMorgan Chase & Co. (JPM)” with publication date: December 29, 2017.

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

Among 33 analysts covering JPMorgan Chase & Co (NYSE:JPM), 16 have Buy rating, 2 Sell and 15 Hold. Therefore 48% are positive. JPMorgan Chase & Co has $132.0 highest and $52 lowest target. $101.27’s average target is -10.39% below currents $113.01 stock price. JPMorgan Chase & Co had 107 analyst reports since July 21, 2015 according to SRatingsIntel. Portales Partners downgraded the shares of JPM in report on Monday, February 22 to “Underperform” rating. Jefferies maintained JPMorgan Chase & Co. (NYSE:JPM) on Wednesday, October 7 with “Buy” rating. The stock has “Hold” rating by Robert W. Baird on Wednesday, November 15. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, October 3. Buckingham Research downgraded JPMorgan Chase & Co. (NYSE:JPM) on Monday, October 17 to “Neutral” rating. The rating was downgraded by Nomura on Monday, January 25 to “Neutral”. As per Wednesday, August 12, the company rating was maintained by Deutsche Bank. On Monday, January 11 the stock rating was downgraded by Goldman Sachs to “Neutral”. Nomura maintained the shares of JPM in report on Wednesday, September 7 with “Neutral” rating. The company was maintained on Wednesday, February 24 by Nomura.

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