Todd Asset Management Has Cut By $2.34 Million Its J P Morgan Chase & Co (JPM) Position; Blackrock Income Trust (BKT) Has 1.38 Sentiment

February 22, 2018 - By Ellis Scott

Todd Asset Management Llc decreased J P Morgan Chase & Co (JPM) stake by 4.29% reported in 2017Q3 SEC filing. Todd Asset Management Llc sold 24,601 shares as J P Morgan Chase & Co (JPM)’s stock declined 6.04%. The Todd Asset Management Llc holds 548,588 shares with $52.40M value, down from 573,189 last quarter. J P Morgan Chase & Co now has $394.51B valuation. The stock increased 0.42% or $0.48 during the last trading session, reaching $115.19. About 14.21M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since February 22, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

The stock decreased 0.17% or $0.01 during the last trading session, reaching $5.8. About 121,897 shares traded. BlackRock Income Trust, Inc. (BKT) has declined 3.09% since February 22, 2017 and is downtrending. It has underperformed by 19.79% the S&P500.

Todd Asset Management Llc increased Suntrust Banks Inc (NYSE:STI) stake by 25,840 shares to 561,729 valued at $33.57 million in 2017Q3. It also upped Nuveen Kentucky Municipal Bond stake by 36,799 shares and now owns 123,951 shares. Fedex Corp (NYSE:FDX) was raised too.

Since October 25, 2017, it had 1 insider purchase, and 9 sales for $22.34 million activity. 26,532 shares valued at $3.01M were sold by Scher Peter on Friday, January 19. Erdoes Mary E. also sold $7.31 million worth of JPMorgan Chase & Co. (NYSE:JPM) on Saturday, January 13. Shares for $5.43 million were sold by Petno Douglas B. $1.84M worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by BACON ASHLEY. Lake Marianne sold $1.03M worth of JPMorgan Chase & Co. (NYSE:JPM) on Saturday, January 13. Another trade for 7,280 shares valued at $825,327 was made by CROWN JAMES S on Tuesday, January 16. Another trade for 3,783 shares valued at $425,399 was sold by Giles Nicole.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on April, 12. They expect $2.23 EPS, up 35.15% or $0.58 from last year’s $1.65 per share. JPM’s profit will be $7.64 billion for 12.91 P/E if the $2.23 EPS becomes a reality. After $1.76 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts 26.70% EPS growth.

Among 33 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 13 Hold. Therefore 55% are positive. JPMorgan Chase & Co had 111 analyst reports since July 21, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, January 17 by Keefe Bruyette & Woods. On Friday, August 28 the stock rating was downgraded by Vetr to “Strong-Buy”. The firm has “Buy” rating by Barclays Capital given on Tuesday, January 2. The rating was downgraded by Ertse Group to “Hold” on Monday, April 25. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Outperform” rating given on Friday, April 28 by Vining Sparks. Jefferies maintained the stock with “Buy” rating in Wednesday, October 7 report. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, August 12 report. RBC Capital Markets maintained JPMorgan Chase & Co. (NYSE:JPM) on Friday, January 12 with “Buy” rating. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, October 11. The rating was maintained by Morgan Stanley on Friday, October 13 with “Overweight”.

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.28, from 1.19 in 2017Q2. It worsened, as 65 investors sold JPM shares while 767 reduced holdings. 125 funds opened positions while 635 raised stakes. 2.50 billion shares or 7.05% less from 2.69 billion shares in 2017Q2 were reported. Intll Ca invested 0.71% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Kames Public invested in 3.48% or 1.33M shares. Oppenheimer & invested in 1.04% or 408,426 shares. Moreover, Cohen Lawrence B has 2.44% invested in JPMorgan Chase & Co. (NYSE:JPM). Df Dent & Co accumulated 4,280 shares. Van Cleef Asset Managementinc holds 0.59% in JPMorgan Chase & Co. (NYSE:JPM) or 22,486 shares. Aviva Public Ltd has invested 1.6% in JPMorgan Chase & Co. (NYSE:JPM). 34,441 were reported by Laurion Mngmt Limited Partnership. Lockheed Martin Invest Mgmt holds 58,000 shares. Voya Inv Ltd Liability holds 1.06% in JPMorgan Chase & Co. (NYSE:JPM) or 5.15M shares. Alleghany De accumulated 1.80M shares. Front Barnett Assocs Limited Liability Corporation invested in 254,505 shares or 4.28% of the stock. Palisades Hudson Asset Mngmt Lp holds 0.24% in JPMorgan Chase & Co. (NYSE:JPM) or 4,407 shares. Harris Associates Lp accumulated 11.00M shares. Grantham Mayo Van Otterloo And Lc has invested 0.37% in JPMorgan Chase & Co. (NYSE:JPM).

Karpus Management Inc. holds 3.06% of its portfolio in BlackRock Income Trust, Inc. for 9.46 million shares. Sit Investment Associates Inc owns 8.79 million shares or 1.37% of their US portfolio. Moreover, 1607 Capital Partners Llc has 0.56% invested in the company for 1.58 million shares. The Colorado-based Icon Advisers Inc Co has invested 0.27% in the stock. Cue Financial Group Inc., a Arizona-based fund reported 38,005 shares.

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