Jpmorgan Chase (JPM) Market Valuation Rose While Hartford Investment Management Co Has Trimmed by $23.93 Million Its Position

November 10, 2018 - By Michael Collier

JPMorgan Chase & Co. (NYSE:JPM) LogoInvestors sentiment increased to 0.99 in Q2 2018. Its up 0.18, from 0.81 in 2018Q1. It is positive, as 51 investors sold JPM shares while 741 reduced holdings. 112 funds opened positions while 669 raised stakes. 2.34 billion shares or 2.08% less from 2.39 billion shares in 2018Q1 were reported. Sumitomo Mitsui Tru Inc reported 1.36% stake. Ci Global Invests stated it has 0% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Homrich & Berg has 15,763 shares for 0.12% of their portfolio. Lee Danner Bass holds 18,048 shares. Clarivest Asset Mngmt Ltd Liability Corp has invested 0.02% in JPMorgan Chase & Co. (NYSE:JPM). Tiaa Cref Investment Lc accumulated 17.44M shares. Usca Ria Llc accumulated 0.65% or 58,439 shares. Lombard Odier Asset (Usa) holds 0.27% or 40,199 shares. 5.06 million are owned by Canada Pension Plan Invest Board. First Natl Bank Of Omaha has 330,978 shares for 2.18% of their portfolio. Sterling Invest Mngmt Incorporated invested in 4,515 shares. Jennison Assocs Limited Liability invested 1.67% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Pekin Singer Strauss Asset Management Il owns 0.53% invested in JPMorgan Chase & Co. (NYSE:JPM) for 24,983 shares. Monetary Grp Inc has invested 1.94% in JPMorgan Chase & Co. (NYSE:JPM). Evergreen Management Ltd reported 0.17% in JPMorgan Chase & Co. (NYSE:JPM).

Since May 14, 2018, it had 0 insider purchases, and 1 sale for $3.50 million activity. Combs Todd A. also bought $1.49M worth of JPMorgan Chase & Co. (NYSE:JPM) on Monday, May 14.

Hartford Investment Management Co decreased its stake in Jpmorgan Chase (JPM) by 33.22% based on its latest 2018Q2 regulatory filing with the SEC. Hartford Investment Management Co sold 230,106 shares as the company’s stock rose 2.83% with the market. The institutional investor held 462,578 shares of the major banks company at the end of 2018Q2, valued at $48.20M, down from 692,684 at the end of the previous reported quarter. Hartford Investment Management Co who had been investing in Jpmorgan Chase for a number of months, seems to be less bullish one the $370.03B market cap company. The stock decreased 0.97% or $1.09 during the last trading session, reaching $111.29. About 10.43M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 24.41% since November 10, 2017 and is uptrending. It has outperformed by 8.79% the S&P500.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on January, 11. They expect $2.24 earnings per share, up 27.27 % or $0.48 from last year’s $1.76 per share. JPM’s profit will be $7.45B for 12.42 P/E if the $2.24 EPS becomes a reality. After $2.34 actual earnings per share reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -4.27 % negative EPS growth.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Seekingalpha.com which released: “Keep An Eye On Insider Buying – Cramer’s Mad Money (11/5/18)” on November 06, 2018, also Finance.Yahoo.com with their article: “Stocks – Dow Skids on Global Growth Concerns, but Posts Solid Weekly Gain” published on November 10, 2018, Seekingalpha.com published: “JPMorgan: Lovely Quarter, Investors Disagree” on October 14, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Streetinsider.com and their article: “JPMorgan Chase (JPM) to sell access to its trading software Athena to investors for the first time – CNBC” published on November 05, 2018 as well as Finance.Yahoo.com‘s news article titled: “Looking for a Bank Buy? You Can Do a Lot Better than Wells Fargo Stock” with publication date: November 08, 2018.

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

Among 4 analysts covering JPMorgan Chase (NYSE:JPM), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. JPMorgan Chase has $132 highest and $118 lowest target. $125’s average target is 12.32% above currents $111.29 stock price. JPMorgan Chase had 4 analyst reports since July 16, 2018 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, September 26 by Citigroup. As per Monday, July 16, the company rating was maintained by BMO Capital Markets. The rating was upgraded by DZ Bank on Thursday, July 19 to “Buy”. Bank of America maintained JPMorgan Chase & Co. (NYSE:JPM) on Monday, September 17 with “Buy” rating.

JPMorgan Chase & Co. (NYSE:JPM) Institutional Positions Chart

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