Thornburg Investment Management INC Increases Holding in Jpmorgan Chase & Co (JPM)

May 16, 2018 - By Christine McCrea

JPMorgan Chase & Co. (NYSE:JPM) LogoInvestors sentiment decreased to 0.88 in 2017 Q4. Its down 0.03, from 0.91 in 2017Q3. It dived, as 55 investors sold JPM shares while 802 reduced holdings. 142 funds opened positions while 611 raised stakes. 2.46 billion shares or 1.60% less from 2.50 billion shares in 2017Q3 were reported. Texas Permanent School Fund invested in 947,200 shares. Miles Cap holds 0.3% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 4,913 shares. The Maryland-based Sol Co has invested 0.76% in JPMorgan Chase & Co. (NYSE:JPM). Cullinan Associate reported 119,302 shares stake. Pennsylvania owns 344,882 shares for 1.65% of their portfolio. Terril Brothers holds 1.64% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 49,757 shares. Ar Asset Mgmt, a California-based fund reported 81,334 shares. Cadence Bank Na invested in 54,212 shares. Ironwood Investment Counsel Lc owns 14,858 shares. Veritas Investment (Uk) Limited reported 2,300 shares. Interocean Ltd Co holds 1.05% or 72,887 shares. Chesapeake Asset Mngmt Ltd Limited Liability Company reported 32,085 shares stake. Stillwater Invest Ltd Liability accumulated 37,559 shares. Fiduciary Company has 0.94% invested in JPMorgan Chase & Co. (NYSE:JPM) for 296,574 shares. Systematic Fincl Mngmt LP holds 0.23% or 108,622 shares in its portfolio.

Since January 13, 2018, it had 2 buys, and 8 selling transactions for $20.12 million activity. 9,194 shares were sold by Lake Marianne, worth $1.03M. $2.00M worth of stock was bought by HOBSON MELLODY L on Monday, April 16. On Tuesday, January 16 the insider CROWN JAMES S bought $825,327. Scher Peter also sold $3.01M worth of JPMorgan Chase & Co. (NYSE:JPM) shares. Friedman Stacey also sold $1.99 million worth of JPMorgan Chase & Co. (NYSE:JPM) shares. $5.43 million worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Petno Douglas B on Saturday, January 13.

Thornburg Investment Management Inc increased its stake in Jpmorgan Chase & Co (JPM) by 2% based on its latest 2017Q4 regulatory filing with the SEC. Thornburg Investment Management Inc bought 122,222 shares as the company’s stock rose 0.67% while stock markets declined. The institutional investor held 6.25M shares of the major banks company at the end of 2017Q4, valued at $668.06 million, up from 6.12M at the end of the previous reported quarter. Thornburg Investment Management Inc who had been investing in Jpmorgan Chase & Co for a number of months, seems to be bullish on the $384.79B market cap company. The stock decreased 0.76% or $0.87 during the last trading session, reaching $113.03. About 11.54M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.99% since May 16, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.

Thornburg Investment Management Inc, which manages about $94.41B and $14.38 billion US Long portfolio, decreased its stake in Cvs Health Corp (NYSE:CVS) by 1.50 million shares to 1.72 million shares, valued at $124.96 million in 2017Q4, according to the filing. It also reduced its holding in Alibaba Group Holding (NYSE:BABA) by 467,802 shares in the quarter, leaving it with 716,013 shares, and cut its stake in Mastercard Inc (NYSE:MA).

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Benzinga.com which released: “JPMorgan, HSBC, Citigroup, Early Warning Execs Talk Fintech Collaboration” on May 15, 2018, also Seekingalpha.com with their article: “JPMorgan Chase: A Compelling Upside Case” published on May 03, 2018, Seekingalpha.com published: “JPMorgan ups automated stock trading efforts” on May 10, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Livetradingnews.com and their article: “JPMorgan Chase & Co. (NYSE:JPM) Trending Upwards” published on May 11, 2018 as well as Seekingalpha.com‘s news article titled: “JPMorgan Chase & Co’s (JPM) CEO Jamie Dimon Hosts Annual Shareholders Meeting Broker Conference Call …” with publication date: May 15, 2018.

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

Among 18 analysts covering JP Morgan Chase (NYSE:JPM), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. JP Morgan Chase has $136 highest and $108.0 lowest target. $121.53’s average target is 7.52% above currents $113.03 stock price. JP Morgan Chase had 32 analyst reports since December 6, 2017 according to SRatingsIntel. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Overweight” rating by Morgan Stanley on Monday, April 30. Nomura maintained JPMorgan Chase & Co. (NYSE:JPM) on Wednesday, February 28 with “Neutral” rating. As per Wednesday, February 28, the company rating was maintained by BMO Capital Markets. The stock has “Buy” rating by Credit Suisse on Thursday, April 12. BMO Capital Markets maintained it with “Hold” rating and $11000 target in Friday, April 13 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, December 12. The company was downgraded on Thursday, January 11 by Credit Suisse. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Hold” rating given on Tuesday, January 16 by Sandler O’Neill. The stock has “Hold” rating by Societe Generale on Tuesday, January 9. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Buy” rating given on Monday, January 8 by Jefferies.

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

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