Sarasin & Partners Llp Trimmed Its Holding in Jpmorgan Chase & Co (JPM) by $12.14 Million as Stock Declined

November 7, 2017 - By Stephen Andrade

Investors sentiment increased to 1.19 in 2017 Q2. Its up 0.32, from 0.87 in 2017Q1. It is positive, 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. Everence Capital Mngmt Inc reported 1.81% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Invest House Limited Liability invested in 3,620 shares or 0.04% of the stock. Barbara Oil owns 67,000 shares or 4.41% of their US portfolio. Amalgamated Natl Bank holds 399,113 shares or 1.2% of its portfolio. Sun Life Fincl Inc accumulated 26,133 shares or 0.26% of the stock. Aberdeen Asset Public Ltd Com Uk accumulated 0.66% or 2.18 million shares. M Securities owns 0.86% invested in JPMorgan Chase & Co. (NYSE:JPM) for 27,521 shares. Maple Capital Mngmt holds 0.33% or 12,392 shares. Gradient Lc owns 75,929 shares or 0.49% of their US portfolio. Cambridge Invest Rech Advsr reported 212,892 shares. Beacon Mngmt reported 50 shares. Putnam Investments Limited Liability Company holds 1.8% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 8.41M shares. Logan Mgmt accumulated 9,042 shares or 0.06% of the stock. Amer Bancorp holds 55,112 shares or 1.61% of its portfolio. Cetera Advisors Ltd Limited Liability Company accumulated 0.34% or 58,965 shares.

Sarasin & Partners Llp decreased its stake in Jpmorgan Chase & Co (JPM) by 4.71% based on its latest 2017Q2 regulatory filing with the SEC. Sarasin & Partners Llp sold 133,455 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 2.70 million shares of the major banks company at the end of 2017Q2, valued at $246.80M, down from 2.83 million at the end of the previous reported quarter. Sarasin & Partners Llp who had been investing in Jpmorgan Chase & Co for a number of months, seems to be less bullish one the $342.81 billion market cap company. The stock declined 1.95% or $1.97 reaching $98.8 per share. About 6.99M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since November 7, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.

Sarasin & Partners Llp, which manages about $17.00B and $5.11 billion US Long portfolio, upped its stake in Leggett & Platt Inc (NYSE:LEG) by 72,526 shares to 588,738 shares, valued at $30.93M in 2017Q2, according to the filing. It also increased its holding in Zions Bancorporation (NASDAQ:ZION) by 127,184 shares in the quarter, for a total of 1.38M shares, and has risen its stake in Charter Communications Inc N.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Reuters.com which released: “JPMorgan reaches beyond its branches with new mobile account app” on October 23, 2017, also Businesswire.com with their article: “JPMorgan Chase Announces $4.2 Million Investment to Support Veteran Small …” published on November 07, 2017, Seekingalpha.com published: “JPMorgan: Is Donald Trump A Threat?” on October 30, 2017. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Reuters.com and their article: “JPMorgan partners with data start-up to boost fixed-income trading” published on October 23, 2017 as well as Seekingalpha.com‘s news article titled: “JPMorgan: How It Can Go Higher” with publication date: October 27, 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 had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Nomura on Thursday, April 14. The rating was maintained by Citigroup with “Neutral” on Friday, October 6. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Hold” rating given on Friday, July 14 by Keefe Bruyette & Woods. The company was maintained on Friday, July 14 by Oppenheimer. The stock has “Buy” rating by Jefferies on Wednesday, February 24. Credit Suisse maintained JPMorgan Chase & Co. (NYSE:JPM) rating on Monday, July 17. Credit Suisse has “Outperform” rating and $103 target. Goldman Sachs downgraded the shares of JPM in report on Monday, January 11 to “Neutral” rating. On Friday, October 13 the stock rating was maintained by Morgan Stanley with “Overweight”. Barclays Capital maintained the shares of JPM in report on Friday, October 13 with “Overweight” rating. The company was maintained on Sunday, July 16 by Bank of America.

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