Texas Permanent School Fund Has Cut Jpmorgan Chase & Co (JPM) Stake by $5.81 Million; Stock Value Rose

September 16, 2018 - By Michele Cranor

JPMorgan Chase & Co. (NYSE:JPM) LogoInvestors sentiment increased to 0.99 in Q2 2018. Its up 0.18, from 0.81 in 2018Q1. It increased, 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. Clean Yield owns 5,412 shares. Family Mgmt accumulated 0.32% or 4,979 shares. First Comml Bank Trust Of Newtown accumulated 12,014 shares. Beaumont Partners Limited Liability Com, a Massachusetts-based fund reported 10,660 shares. Redwood Ltd Liability Co, Massachusetts-based fund reported 127,857 shares. Westchester Mngmt holds 3.74% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 84,478 shares. Sun Life has invested 0.14% in JPMorgan Chase & Co. (NYSE:JPM). Stratos Wealth Prtn owns 168,921 shares. The Oregon-based Mengis Mngmt has invested 3.41% in JPMorgan Chase & Co. (NYSE:JPM). Hollencrest Capital Mngmt accumulated 20,024 shares or 0.28% of the stock. Whittier Of Nevada accumulated 195,434 shares or 1.26% of the stock. Alta Limited Com, Utah-based fund reported 2,187 shares. Gulf National Bank & Trust (Uk) has invested 1.44% in JPMorgan Chase & Co. (NYSE:JPM). Cap Int Inc Ca reported 0.48% stake. Hightower Advsr Ltd Liability Corp reported 1.16 million shares or 0.95% of all its holdings.

Since April 16, 2018, it had 2 insider buys, and 1 sale for $14,319 activity. Combs Todd A. had bought 13,000 shares worth $1.49 million. $3.50 million worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Smith Gordon.

Texas Permanent School Fund decreased its stake in Jpmorgan Chase & Co (JPM) by 6.3% based on its latest 2018Q2 regulatory filing with the SEC. Texas Permanent School Fund sold 55,897 shares as the company’s stock rose 2.83% with the market. The institutional investor held 830,848 shares of the major banks company at the end of 2018Q2, valued at $86.57 million, down from 886,745 at the end of the previous reported quarter. Texas Permanent School Fund who had been investing in Jpmorgan Chase & Co for a number of months, seems to be less bullish one the $381.41 billion market cap company. The stock decreased 0.02% or $0.02 during the last trading session, reaching $113.5. About 10.34M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 24.41% since September 16, 2017 and is uptrending. It has outperformed by 8.79% the S&P500.

Texas Permanent School Fund, which manages about $7.32B US Long portfolio, upped its stake in At&T Inc (NYSE:T) by 185,569 shares to 1.77M shares, valued at $56.90M in 2018Q2, according to the filing.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on October, 11. They expect $2.29 EPS, up 30.11 % or $0.53 from last year’s $1.76 per share. JPM’s profit will be $7.70B for 12.39 P/E if the $2.29 EPS becomes a reality. After $2.29 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Bizjournals.com which released: “Raymond James Bank muscles past Bank of America for market share leader in Tampa Bay” on September 14, 2018, also Seekingalpha.com with their article: “JPMorgan Chase Declares Preferred Stock Dividends” published on September 14, 2018, Seekingalpha.com published: “JPMorgan Chase & Co. (JPM) Management at the Barclays Global Financial Services Conference (Transcript)” on September 14, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: 247Wallst.com and their article: “Joe Public Is Running Out of Excuses Not to Invest and Save for the Future” published on August 21, 2018 as well as Nasdaq.com‘s news article titled: “3 Top Bank Stocks to Buy in September” with publication date: September 15, 2018.

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

Among 7 analysts covering JPMorgan Chase (NYSE:JPM), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. JPMorgan Chase had 9 analyst reports since March 19, 2018 according to SRatingsIntel. The company was maintained on Monday, July 16 by BMO Capital Markets. The company was maintained on Friday, April 13 by Nomura. The rating was upgraded by DZ Bank to “Buy” on Thursday, July 19. The company was upgraded on Thursday, April 12 by Credit Suisse. The firm earned “Outperform” rating on Monday, March 19 by Credit Suisse. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by Jefferies on Sunday, April 15. The firm has “Overweight” rating by Morgan Stanley given on Monday, April 30. On Friday, April 13 the stock rating was maintained by BMO Capital Markets with “Hold”.

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

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