As Jpmorgan Chase & Co (JPM) Stock Price Rose, Texas Permanent School Fund Trimmed by $5.81 Million Its Holding

September 16, 2018 - By Julie Barnes

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. Mount Vernon Associates Md invested 4.27% in JPMorgan Chase & Co. (NYSE:JPM). Factory Mutual invested in 2.39% or 2.13 million shares. Moreover, Driehaus Capital Management Ltd Liability Corporation has 0.02% invested in JPMorgan Chase & Co. (NYSE:JPM). Hexavest has 1.03% invested in JPMorgan Chase & Co. (NYSE:JPM). Cobblestone Advsrs Ltd Liability Company Ny has invested 0.21% in JPMorgan Chase & Co. (NYSE:JPM). Cohen Lawrence B accumulated 2.43% or 32,533 shares. The New York-based Paradigm Asset Management Ltd Liability has invested 0% in JPMorgan Chase & Co. (NYSE:JPM). Smith Salley And Assoc invested 2.69% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Deroy And Devereaux Private Invest Counsel reported 190,805 shares. Florida-based Deprince Race Zollo has invested 0.52% in JPMorgan Chase & Co. (NYSE:JPM). Adage Cap Prtnrs Gru Limited Liability Co holds 4.22 million shares or 1.01% of its portfolio. Rmsincerbeaux Capital Mgmt Ltd Co stated it has 39,764 shares. Private Gru invested 2.36% in JPMorgan Chase & Co. (NYSE:JPM). Spc invested 0.56% in JPMorgan Chase & Co. (NYSE:JPM). Reliance Tru Co owns 2,764 shares.

Since April 16, 2018, it had 2 buys, and 1 sale for $14,319 activity. HOBSON MELLODY L bought $2.00 million worth of JPMorgan Chase & Co. (NYSE:JPM) on Monday, April 16. 13,000 shares were bought by Combs Todd A., worth $1.49M on Monday, May 14.

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 $7.32 billion US Long portfolio, upped its stake in At&T Inc (NYSE:T) by 185,569 shares to 1.77M shares, valued at $56.90 million in 2018Q2, according to the filing.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on October, 11. They expect $2.29 earnings per share, up 30.11 % or $0.53 from last year’s $1.76 per share. JPM’s profit will be $7.70 billion for 12.39 P/E if the $2.29 EPS becomes a reality. After $2.29 actual earnings per share 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: Nasdaq.com which released: “3 Top Bank Stocks to Buy in September” on September 15, 2018, also Bizjournals.com with their article: “Transit, tech, good schools key for cities like Orlando, says JPMorgan Chase’s chief economist” published on September 05, 2018, 247Wallst.com published: “Joe Public Is Running Out of Excuses Not to Invest and Save for the Future” on August 21, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Bizjournals.com and their article: “Raymond James Bank muscles past Bank of America for market share leader in Tampa Bay” published on September 14, 2018 as well as Seekingalpha.com‘s news article titled: “JPMorgan Chase & Co. (JPM) Management at the Barclays Global Financial Services Conference (Transcript)” with publication date: September 14, 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. As per Sunday, April 15, the company rating was maintained by Jefferies. The stock has “Market Perform” rating by BMO Capital Markets on Monday, July 16. The firm earned “Hold” rating on Friday, April 13 by Nomura. The firm has “Buy” rating given on Thursday, July 19 by DZ Bank. As per Monday, March 19, the company rating was maintained by Credit Suisse. The stock has “Buy” rating by Credit Suisse on Thursday, April 12. The company was maintained on Monday, April 30 by Morgan Stanley. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Hold” rating given on Friday, April 13 by BMO Capital Markets.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.