As Jpmorgan Chase & Co (JPM) Market Value Rose, Holder Gvo Asset Management LTD Trimmed Its Position; Allegheny Technologies (ATI) Stock Price Declined While Mcclain Value Management Has Increased Its Position

April 24, 2018 - By Adrian Mccoy

JPMorgan Chase & Co. (NYSE:JPM) Logo

Gvo Asset Management Ltd decreased its stake in Jpmorgan Chase & Co (JPM) by 36.04% based on its latest 2017Q4 regulatory filing with the SEC. Gvo Asset Management Ltd sold 103,700 shares as the company’s stock rose 0.67% while stock markets declined. The institutional investor held 184,072 shares of the major banks company at the end of 2017Q4, valued at $19.69M, down from 287,772 at the end of the previous reported quarter. Gvo Asset Management Ltd who had been investing in Jpmorgan Chase & Co for a number of months, seems to be less bullish one the $379.65 billion market cap company. The stock increased 0.53% or $0.59 during the last trading session, reaching $111.52. About 5.60M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.99% since April 24, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.

Mcclain Value Management Llc increased its stake in Allegheny Technologies Inc (ATI) by 27.23% based on its latest 2017Q4 regulatory filing with the SEC. Mcclain Value Management Llc bought 64,180 shares as the company’s stock declined 5.12% with the market. The institutional investor held 299,892 shares of the steel and iron ore company at the end of 2017Q4, valued at $7.24 million, up from 235,712 at the end of the previous reported quarter. Mcclain Value Management Llc who had been investing in Allegheny Technologies Inc for a number of months, seems to be bullish on the $3.39B market cap company. The stock increased 4.21% or $1.09 during the last trading session, reaching $26.99. About 3.24 million shares traded or 87.29% up from the average. Allegheny Technologies Incorporated (NYSE:ATI) has risen 37.25% since April 24, 2017 and is uptrending. It has outperformed by 25.70% the S&P500.

Since October 25, 2017, it had 2 insider purchases, and 8 selling transactions for $20.12 million activity. Another trade for 9,194 shares valued at $1.03M was sold by Lake Marianne. CROWN JAMES S bought 7,280 shares worth $825,327. BACON ASHLEY sold $1.84M worth of stock. Petno Douglas B sold 48,344 shares worth $5.43 million. $2.00 million worth of stock was bought by HOBSON MELLODY L on Monday, April 16. Shares for $7.31M were sold by Erdoes Mary E..

Gvo Asset Management Ltd, which manages about $433.62 million US Long portfolio, upped its stake in Blackstone Group LP (NYSE:BX) by 62,700 shares to 1.37 million shares, valued at $44.01M in 2017Q4, according to the filing.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.03, from 0.91 in 2017Q3. It fall, 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. Hitchwood Management Limited Partnership owns 550,000 shares. Hamel Associate Inc reported 5,550 shares. Trust Com Of Oklahoma invested in 0.15% or 3,100 shares. The Georgia-based Acg Wealth has invested 1.1% in JPMorgan Chase & Co. (NYSE:JPM). Northpointe Ltd has 97,450 shares. Kbc Group Nv has invested 1.54% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). State Of Tennessee Treasury Department invested 1.44% in JPMorgan Chase & Co. (NYSE:JPM). Autus Asset Ltd reported 47,650 shares. Central Securities reported 3.08% in JPMorgan Chase & Co. (NYSE:JPM). Cidel Asset Mngmt holds 0.01% or 2,235 shares in its portfolio. 1.09M were reported by Hightower Advsr Lc. Brookstone Mgmt stated it has 6,449 shares or 0.06% of all its holdings. Summit Finance Wealth Advsrs reported 31,434 shares stake. Bsw Wealth Ptnrs stated it has 0.41% in JPMorgan Chase & Co. (NYSE:JPM). Massmutual Fsb Adv owns 0% invested in JPMorgan Chase & Co. (NYSE:JPM) for 300 shares.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13. They expect $2.22 earnings per share, up 21.98% or $0.40 from last year’s $1.82 per share. JPM’s profit will be $7.56 billion for 12.56 P/E if the $2.22 EPS becomes a reality. After $2.37 actual earnings per share reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -6.33% negative EPS growth.

Among 34 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 14 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 119 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Mkt Perform” rating given on Tuesday, January 17 by Keefe Bruyette & Woods. As per Friday, July 14, the company rating was maintained by Oppenheimer. The company was downgraded on Monday, October 17 by Buckingham Research. The rating was maintained by Wells Fargo on Wednesday, January 17 with “Buy”. On Wednesday, September 20 the stock rating was maintained by Robert W. Baird with “Hold”. The stock has “Buy” rating by RBC Capital Markets on Monday, November 13. The rating was maintained by Citigroup with “Neutral” on Friday, October 6. BMO Capital Markets maintained the stock with “Outperform” rating in Thursday, April 14 report. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by Guggenheim on Wednesday, April 26. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”.

Among 15 analysts covering Allegheny Tech (NYSE:ATI), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Allegheny Tech had 44 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Thursday, March 16 by Seaport Global. Stifel Nicolaus maintained it with “Buy” rating and $40 target in Thursday, October 1 report. The stock of Allegheny Technologies Incorporated (NYSE:ATI) has “Buy” rating given on Friday, September 9 by Seaport Global. The firm earned “Neutral” rating on Wednesday, January 24 by JP Morgan. JP Morgan upgraded Allegheny Technologies Incorporated (NYSE:ATI) on Wednesday, July 26 to “Neutral” rating. The rating was upgraded by Deutsche Bank on Monday, October 5 to “Buy”. On Wednesday, October 11 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. KeyBanc Capital Markets maintained it with “Buy” rating and $3100 target in Tuesday, April 3 report. As per Tuesday, July 21, the company rating was downgraded by Bank of America. The rating was maintained by Buckingham Research with “Buy” on Tuesday, February 9.

Investors sentiment increased to 1.73 in 2017 Q4. Its up 0.87, from 0.86 in 2017Q3. It improved, as 26 investors sold ATI shares while 58 reduced holdings. 49 funds opened positions while 96 raised stakes. 126.25 million shares or 8.42% more from 116.44 million shares in 2017Q3 were reported. Oakworth holds 0.01% or 2,107 shares in its portfolio. Broadview Advsrs Lc holds 522,550 shares. State Of New Jersey Common Pension Fund D invested in 65,000 shares or 0.01% of the stock. Tuttle Tactical reported 0.97% in Allegheny Technologies Incorporated (NYSE:ATI). Rathbone Brothers Public Limited Co invested in 0.01% or 12,000 shares. 35 are held by Valley Natl Advisers. Adirondack Company holds 0% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI) for 20 shares. Gabelli Funds Limited Liability Com has invested 0.04% in Allegheny Technologies Incorporated (NYSE:ATI). Mesirow Financial Invest Mgmt invested in 1.3% or 762,865 shares. Fruth Investment Mngmt stated it has 0.31% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). Creative Planning holds 9,047 shares or 0% of its portfolio. Frontier Capital Comm Limited Liability Com has 1.38% invested in Allegheny Technologies Incorporated (NYSE:ATI) for 7.85M shares. Macquarie Group Inc accumulated 0% or 1,006 shares. 188,618 were reported by State Teachers Retirement. Ls Inv Advsr Limited Liability holds 0.01% or 8,217 shares in its portfolio.

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