Stock Worth Watching: Jpmorgan Chase & Co (NYSE:JPM) Institutional Investor Sentiment

November 24, 2016 - By Marie Mckinney   ·   0 Comments

Stock Worth Watching: Jpmorgan Chase & Co (NYSE:JPM) Institutional Investor Sentiment

Sentiment for Jpmorgan Chase & Co (NYSE:JPM)

Jpmorgan Chase & Co (NYSE:JPM) institutional sentiment decreased to 0.97 in 2016 Q2. Its down -0.01, from 0.98 in 2016Q1. The ratio has worsened, as 750 investment managers increased or opened new positions, while 767 trimmed and sold holdings in Jpmorgan Chase & Co. The investment managers in our partner’s database reported: 2.60 billion shares, down from 2.64 billion shares in 2016Q1. Also, the number of investment managers holding Jpmorgan Chase & Co in their top 10 positions increased from 263 to 277 for an increase of 14. Sold All: 84 Reduced: 683 Increased: 650 New Position: 100.

JPMorgan Chase & Co. is a financial holding company. The company has a market cap of $283.92 billion. The Firm is engaged in investment banking, financial services. It has a 13.59 P/E ratio. It operates in four divisions, as well as a Corporate segment.

The stock increased 0.42% or $0.33 on November 23, hitting $78.86. About 13.40 million shares traded hands. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.28% since April 22, 2016 and is uptrending. It has outperformed by 17.87% the S&P500.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on January, 13 before the open. They expect $1.40 earnings per share, up 3.70% or $0.05 from last year’s $1.35 per share. JPM’s profit will be $5.04 billion for 14.08 P/E if the $1.40 EPS becomes a reality. After $1.58 actual earnings per share reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -11.39% negative EPS growth.

According to Zacks Investment Research, “JPMorgan Chase & Co. is a financial services firm. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. It offers various investment banking products and services, including advising on corporate strategy and structure, capital-raising in equity and debt markets, risk management, market-making in cash securities and derivative instruments, prime brokerage. It also offers consumer and business, and mortgage banking products and services that include checking and savings accounts, mortgages, home equity and business loans, and investments. JPMorgan Chase & Co. is headquartered in New York.”

Michael & Susan Dell Foundation holds 15.33% of its portfolio in JPMorgan Chase & Co. for 237,853 shares. Lloyds Banking Group Plc owns 28,892 shares or 14.78% of their US portfolio. Moreover, Lansdowne Partners (Uk) Llp has 13.64% invested in the company for 23.54 million shares. The New York-based Eos Management L.P. has invested 13.35% in the stock. Vantage Investment Partners Llc, a Kansas-based fund reported 1.97 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 7 insider sales for $5.85 million net activity.

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

Ratings analysis reveals 57% of JPMorgan Chase & Co’s analysts are positive. Out of 23 Wall Street analysts rating JPMorgan Chase & Co, 13 give it “Buy”, 2 “Sell” rating, while 8 recommend “Hold”. The lowest target is $52 while the high is $79. The stock’s average target of $71.78 is -8.98% below today’s ($78.86) share price. JPM was included in 46 notes of analysts from July 21, 2015. The company was downgraded on Monday, January 11 by Goldman Sachs. Vetr downgraded JPMorgan Chase & Co. (NYSE:JPM) rating on Friday, August 28. Vetr has “Strong-Buy” rating and $71.61 price target. The firm has “Buy” rating given on Monday, January 18 by Argus Research. The stock has “Outperform” rating given by CLSA on Tuesday, August 25. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Neutral” rating by UBS on Monday, January 18. As per Tuesday, August 25, the company rating was upgraded by Credit Agricole. On Monday, October 5 the stock rating was maintained by Citigroup with “Buy”. The rating was downgraded by Sandler O’Neill to “Hold” on Thursday, October 6. The company was downgraded on Monday, January 25 by Nomura. Jefferies maintained JPMorgan Chase & Co. (NYSE:JPM) on Tuesday, July 21 with “Buy” rating.

JPM Company Profile

JPMorgan Chase & Co. (JPMorgan Chase), incorporated on October 28, 1968, is a financial holding company. The Firm is engaged in investment banking, financial services for clients and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chase’s activities are organized into four business divisions, as well as a Corporate segment. The Company’s divisions are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Company’s principal bank subsidiaries are JPMorgan Chase Bank, National Association (JPMorgan Chase Bank, N.A.), a national banking association with branches in over 20 states, and Chase Bank USA, National Association (Chase Bank USA, N.A.), a national banking association that is the Company’s credit card-issuing bank. JPMorgan Chase’s principal nonbank subsidiary is J.P. Morgan Securities LLC (JPMorgan Securities), the Company’s the United States investment banking firm. The bank and nonbank subsidiaries of JPMorgan Chase operate nationally, as well as through overseas branches and subsidiaries, representative offices and subsidiary foreign banks. The Company’s principal operating subsidiary in the United Kingdom is J.P. Morgan Securities plc, a subsidiary of JPMorgan Chase Bank, N.A.

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By Marie Mckinney


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