Jarislowsky Fraser LTD Has Raised Jpmorgan Chase & Co. (JPM) Stake by $7.22 Million as Market Value Rose; Financial Architects Stake in Chevron New (CVX) Raised as Share Price Declined

April 24, 2018 - By Michael Collier

Chevron Corporation (NYSE:CVX) Logo

Jarislowsky Fraser Ltd increased its stake in Jpmorgan Chase & Co. (JPM) by 2.64% based on its latest 2017Q4 regulatory filing with the SEC. Jarislowsky Fraser Ltd bought 68,108 shares as the company’s stock rose 0.67% while stock markets declined. The institutional investor held 2.65M shares of the major banks company at the end of 2017Q4, valued at $283.61M, up from 2.58M at the end of the previous reported quarter. Jarislowsky Fraser Ltd who had been investing in Jpmorgan Chase & Co. for a number of months, seems to be bullish on the $382.20B market cap company. The stock increased 1.21% or $1.34 during the last trading session, reaching $112.27. About 1.09 million 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.

Financial Architects Inc increased its stake in Chevron Corp New (CVX) by 1418.09% based on its latest 2017Q4 regulatory filing with the SEC. Financial Architects Inc bought 10,664 shares as the company’s stock declined 8.26% with the market. The institutional investor held 11,416 shares of the integrated oil company at the end of 2017Q4, valued at $1.43 million, up from 752 at the end of the previous reported quarter. Financial Architects Inc who had been investing in Chevron Corp New for a number of months, seems to be bullish on the $237.72 billion market cap company. The stock increased 0.66% or $0.82 during the last trading session, reaching $124.4. About 558,412 shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since April 24, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

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. Jefferies maintained JPMorgan Chase & Co. (NYSE:JPM) rating on Wednesday, February 24. Jefferies has “Buy” rating and $67 target. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Overweight” rating given on Friday, October 13 by Barclays Capital. The stock has “Buy” rating by Wells Fargo on Wednesday, January 17. Credit Suisse maintained JPMorgan Chase & Co. (NYSE:JPM) rating on Wednesday, January 24. Credit Suisse has “Buy” rating and $125.0 target. BMO Capital Markets maintained it with “Market Perform” rating and $111 target in Wednesday, February 28 report. As per Friday, August 28, the company rating was downgraded by Vetr. The rating was maintained by Keefe Bruyette & Woods with “Outperform” on Wednesday, October 14. The firm has “Hold” rating by Sandler O’Neill given on Tuesday, January 16. The firm earned “Hold” rating on Monday, April 25 by Ertse Group. Deutsche Bank maintained JPMorgan Chase & Co. (NYSE:JPM) rating on Wednesday, August 12. Deutsche Bank has “Buy” rating and $75 target.

Jarislowsky Fraser Ltd, which manages about $33.95B and $17.19 billion US Long portfolio, decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 24,951 shares to 1.50M shares, valued at $125.51M in 2017Q4, according to the filing. It also reduced its holding in Vermilion Energy Inc. (NYSE:VET) by 78,859 shares in the quarter, leaving it with 6.25M shares, and cut its stake in Fiserv Inc. (NASDAQ:FISV).

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.03, from 0.91 in 2017Q3. It worsened, 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. 3,638 are held by First Heartland Consultants. 53,000 were accumulated by Kemper Corporation Master Retirement. Winslow Asset Inc invested in 2.25% or 114,508 shares. Badgley Phelps Bell Incorporated reported 203,535 shares. Temasek Hldg (Private) reported 0.12% stake. Lmr Prns Llp has 0.07% invested in JPMorgan Chase & Co. (NYSE:JPM) for 6,738 shares. Lederer Associate Inv Counsel Ca reported 22,821 shares. Balasa Dinverno Foltz Limited Liability reported 0.3% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Smithfield Trust Comm has 0.41% invested in JPMorgan Chase & Co. (NYSE:JPM). Eagle Glob Advisors Llc has invested 0.58% in JPMorgan Chase & Co. (NYSE:JPM). Amp Cap owns 1.65 million shares. Intersect Capital Limited Liability Com invested 1.45% in JPMorgan Chase & Co. (NYSE:JPM). Kempen Management Nv holds 0.31% or 36,845 shares in its portfolio. Fiera Capital invested in 578,881 shares. Vantage Investment Advisors Limited Liability owns 3,095 shares or 0.08% of their US portfolio.

Since October 25, 2017, it had 2 buys, and 8 selling transactions for $20.12 million activity. HOBSON MELLODY L bought $2.00M worth of stock or 18,000 shares. Shares for $1.84 million were sold by BACON ASHLEY on Saturday, January 13. Shares for $1.91M were sold by Scher Peter on Saturday, January 13. $214,019 worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Friedman Stacey. Another trade for 3,783 shares valued at $425,399 was made by Giles Nicole on Saturday, January 13. The insider Erdoes Mary E. sold 65,101 shares worth $7.31 million.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 120 analyst reports since August 4, 2015 according to SRatingsIntel. On Thursday, July 6 the stock rating was maintained by RBC Capital Markets with “Underperform”. The stock of Chevron Corporation (NYSE:CVX) has “Overweight” rating given on Wednesday, January 24 by Morgan Stanley. The stock of Chevron Corporation (NYSE:CVX) has “Overweight” rating given on Tuesday, August 9 by PiperJaffray. The firm has “Buy” rating by Bank of America given on Wednesday, February 28. The firm earned “Buy” rating on Wednesday, December 20 by Jefferies. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Wednesday, December 16 by Argus Research. The firm has “Hold” rating by Bank of America given on Thursday, January 4. Credit Suisse maintained Chevron Corporation (NYSE:CVX) on Wednesday, March 7 with “Neutral” rating. The rating was upgraded by Macquarie Research on Tuesday, October 17 to “Buy”. RBC Capital Markets maintained Chevron Corporation (NYSE:CVX) rating on Tuesday, September 19. RBC Capital Markets has “Sell” rating and $100.0 target.

Financial Architects Inc, which manages about $599.26M US Long portfolio, decreased its stake in Oracle Corp (Put) (NYSE:ORCL) by 7,672 shares to 400 shares, valued at $19,000 in 2017Q4, according to the filing.

Since April 17, 2018, it had 0 buys, and 1 insider sale for $3.11 million activity.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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