Korea Investment Corp Trimmed Stake in Jpmorgan & Chase & Co (JPM) by $4.69 Million as Share Value Rose

JPMorgan Chase & Co. (NYSE:JPM) LogoInvestors sentiment increased to 0.99 in Q2 2018. Its up 0.18, from 0.81 in 2018Q1. It improved, 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. Sandhill Cap Limited holds 0.34% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 20,669 shares. 61,000 were reported by Castleark Mngmt Limited Liability Com. Smith Moore & Com owns 0.38% invested in JPMorgan Chase & Co. (NYSE:JPM) for 14,435 shares. Moreover, First Mercantile Tru Commerce has 0.54% invested in JPMorgan Chase & Co. (NYSE:JPM). Colony Group Inc Lc holds 266,228 shares. The Alabama-based Hayek Kallen Investment Mngmt has invested 0.52% in JPMorgan Chase & Co. (NYSE:JPM). General Invsts Incorporated holds 205,000 shares or 1.94% of its portfolio. Ci Glob Invs has 0% invested in JPMorgan Chase & Co. (NYSE:JPM). Royal Comml Bank Of Canada accumulated 14.98 million shares. Lincoln Natl Corp stated it has 0.12% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Kenmare Prtnrs Limited Co owns 29,922 shares or 3.6% of their US portfolio. Hartline Investment, Illinois-based fund reported 16,644 shares. Wisconsin-based Madison Investment Holdings has invested 0.5% in JPMorgan Chase & Co. (NYSE:JPM). Moreover, Ibm Retirement Fund has 1.52% invested in JPMorgan Chase & Co. (NYSE:JPM) for 69,727 shares. Phillips Fincl Llc invested in 0.3% or 13,441 shares.

Since July 23, 2018, it had 1 buying transaction, and 1 sale for $3.38 million activity. $125,281 worth of JPMorgan Chase & Co. (NYSE:JPM) was bought by HOBSON MELLODY L on Friday, October 19.

Korea Investment Corp decreased its stake in Jpmorgan & Chase & Co (JPM) by 1.41% based on its latest 2018Q2 regulatory filing with the SEC. Korea Investment Corp sold 45,100 shares as the company’s stock rose 2.83% with the market. The institutional investor held 3.16 million shares of the major banks company at the end of 2018Q2, valued at $329.31M, down from 3.21M at the end of the previous reported quarter. Korea Investment Corp who had been investing in Jpmorgan & Chase & Co for a number of months, seems to be less bullish one the $369.70 billion market cap company. The stock increased 1.03% or $1.13 during the last trading session, reaching $111.19. About 18.65 million shares traded or 23.85% up from the average. JPMorgan Chase & Co. (NYSE:JPM) has risen 24.41% since December 2, 2017 and is uptrending. It has outperformed by 8.79% the S&P500.

Korea Investment Corp, which manages about $21.95B US Long portfolio, upped its stake in Ishares Tr Latn Amer 40 (ILF) by 350,000 shares to 1.08 million shares, valued at $31.87M in 2018Q2, according to the filing. It also increased its holding in At&T Inc (NYSE:T) by 1.18 million shares in the quarter, for a total of 5.57 million shares, and has risen its stake in Cbs Corp (NYSE:CBS).

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 $7.45 billion for 12.41 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: “What’s Going On With JPMorgan? – Seeking Alpha” on June 17, 2018, also Businesswire.com with their article: “JPMorgan Chase Announces Final Adjustment to Warrant Exercise Price – Business Wire” published on October 04, 2018, Seekingalpha.com published: “JPMorgan – 5.75% Forever – Seeking Alpha” on September 18, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Fool.com and their article: “Why Did Berkshire Hathaway Buy JPMorgan Chase Stock? – The Motley Fool” published on November 18, 2018 as well as Bizjournals.com‘s news article titled: “No chip? No problem as JPMorgan issues ‘contactless cards’ – New York Business Journal” with publication date: November 15, 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 12.42% above currents $111.19 stock price. JPMorgan Chase had 4 analyst reports since July 16, 2018 according to SRatingsIntel. As per Monday, July 16, the company rating was maintained by BMO Capital Markets. The rating was maintained by Citigroup on Wednesday, September 26 with “Neutral”. The firm earned “Buy” rating on Thursday, July 19 by DZ Bank. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by Bank of America on Monday, September 17.

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

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