Morgan Stanley Raised Stake in Jpmorgan Chase & Co (JPM) by $72.51 Million as Market Valuation Declined

January 22, 2018 - By Henry Gaston

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.28, from 1.19 in 2017Q2. It dropped, 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, Philadelphia Trust Comm has 0.26% invested in JPMorgan Chase & Co. (NYSE:JPM). Ballentine Partners Ltd Llc invested in 28,523 shares or 0.15% of the stock. Channing Cap Limited Liability Company, a Illinois-based fund reported 90,526 shares. Iowa Bank & Trust holds 2.94% in JPMorgan Chase & Co. (NYSE:JPM) or 65,372 shares. Boston Common Asset Management Ltd Liability Corp accumulated 192,525 shares or 2.29% of the stock. Tanaka Mgmt invested in 1,994 shares or 0.42% of the stock. Stewart West Indies Trading Communication Ltd invested in 1.03 million shares or 8.58% of the stock. Endowment Ltd Partnership reported 4,080 shares stake. 1.65M were accumulated by Sentry Invests. Orleans Capital Mngmt Corp La accumulated 2,201 shares. Osborne Prtn Cap Management Limited Co accumulated 2.97% or 226,980 shares. Riggs Asset Managment, a Pennsylvania-based fund reported 76,242 shares. Westchester Management Incorporated accumulated 109 shares or 0% of the stock. Smithfield has 0.39% invested in JPMorgan Chase & Co. (NYSE:JPM). Private Na invested 1.62% in JPMorgan Chase & Co. (NYSE:JPM).

Since August 21, 2017, it had 0 buys, and 9 insider sales for $21.06 million activity. Shares for $425,399 were sold by Giles Nicole. Shares for $5.43 million were sold by Petno Douglas B on Saturday, January 13. 65,101 shares were sold by Erdoes Mary E., worth $7.31 million on Saturday, January 13. BACON ASHLEY had sold 16,434 shares worth $1.84 million on Saturday, January 13. 9,194 shares were sold by Lake Marianne, worth $1.03 million on Saturday, January 13. Another trade for 17,057 shares valued at $1.91 million was sold by Scher Peter.

Morgan Stanley increased its stake in Jpmorgan Chase & Co (JPM) by 2.28% based on its latest 2017Q3 regulatory filing with the SEC. Morgan Stanley bought 763,310 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 34.19M shares of the major banks company at the end of 2017Q3, valued at $3.27 billion, up from 33.43 million at the end of the previous reported quarter. Morgan Stanley who had been investing in Jpmorgan Chase & Co for a number of months, seems to be bullish on the $392.06 billion market cap company. The stock decreased 0.22% or $0.25 during the last trading session, reaching $113.01. About 18.79M shares traded or 40.43% up from the average. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since January 22, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

Morgan Stanley, which manages about $60.09 billion and $333.86B US Long portfolio, decreased its stake in Lumber Liquidators Hldgs Inc (NYSE:LL) by 129,900 shares to 330,516 shares, valued at $12.88 million in 2017Q3, according to the filing. It also reduced its holding in International Game Technolog by 841,204 shares in the quarter, leaving it with 865,037 shares, and cut its stake in Spdr Series Trust (SDY).

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Seekingalpha.com which released: “JPMorgan Chase: The Year Went Well” on January 16, 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: “Chasing JPMorgan Chase?” on January 16, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Seekingalpha.com and their article: “JPMorgan Chase: Positive Outlook For 2018” published on January 19, 2018 as well as Bizjournals.com‘s news article titled: “Major bank ups its stake in Kindred Healthcare” with publication date: January 16, 2018.

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. RBC Capital Markets maintained JPMorgan Chase & Co. (NYSE:JPM) on Friday, January 12 with “Buy” rating. On Monday, October 9 the stock rating was maintained by Credit Suisse with “Buy”. The rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform” on Tuesday, January 17. Vetr upgraded JPMorgan Chase & Co. (NYSE:JPM) rating on Tuesday, September 1. Vetr has “Buy” rating and $71.88 target. Citigroup maintained the shares of JPM in report on Friday, October 6 with “Neutral” rating. BMO Capital Markets maintained JPMorgan Chase & Co. (NYSE:JPM) rating on Friday, October 6. BMO Capital Markets has “Hold” rating and $86.0 target. As per Wednesday, April 26, the company rating was upgraded by Guggenheim. The rating was upgraded by BMO Capital Markets on Wednesday, September 16 to “Outperform”. Atlantic Securities upgraded JPMorgan Chase & Co. (NYSE:JPM) on Friday, January 15 to “Overweight” rating. On Friday, April 28 the stock rating was maintained by Vining Sparks with “Outperform”.

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