Spinnaker Trust Upped Jpmorgan Chase & Co (JPM) Stake; Cafepress (PRSS) Sentiment Is 1.14

June 23, 2018 - By Darrin Black

JPMorgan Chase & Co. (NYSE:JPM) Logo

Spinnaker Trust increased Jpmorgan Chase & Co (JPM) stake by 32.39% reported in 2018Q1 SEC filing. Spinnaker Trust acquired 7,345 shares as Jpmorgan Chase & Co (JPM)’s stock declined 6.83%. The Spinnaker Trust holds 30,023 shares with $3.30M value, up from 22,678 last quarter. Jpmorgan Chase & Co now has $360.01B valuation. The stock decreased 1.64% or $1.76 during the last trading session, reaching $105.75. About 19.94M shares traded or 37.15% up from the average. JPMorgan Chase & Co. (NYSE:JPM) has risen 29.65% since June 23, 2017 and is uptrending. It has outperformed by 17.08% the S&P500. Some Historical JPM News: 13/04/2018 – JPMORGAN CHASE & CO – QTRLY FIXED INCOME MARKETS REV GROWTH WAS OFFSET BY LOWER CLIENT ACTIVITY IN RATES AND CREDIT; 20/04/2018 – Protectionism is a “major risk” to the global recovery now underway, says Jacob Frenkel, chairman of J.P. Morgan Chase International; 30/03/2018 – SAUDI PRINCE MET SEPARATELY WITH MORGAN STANLEY, JPM CEOS; 03/04/2018 – Anvil International Acquires FlexHead from Atkore International Group Inc; 27/03/2018 – BROADTREE RESIDENTIAL – HAS OBTAINED $100 MLN SENIOR SECURED REVOLVING LINE OF CREDIT WITH JPMORGAN CHASE; 10/05/2018 – Casa Systems Presenting at JPMorgan Conference May 16; 16/05/2018 – Lithium Giant SQM Surge on Takeover Talk a Misread: JPMorgan; 15/05/2018 – UBI BANCA UBI.Ml : JP MORGAN RAISES TARGET PRICE TO EUR 5.3 FROM EUR 5.1; 04/05/2018 – NetScout Presenting at JPMorgan Conference May 17; 23/05/2018 – JP MORGAN PUSHES BACK ECB RATE HIKE EXPECTATIONS TO JUNE 2019 FROM MARCH 2019 AFTER EURO AREA PMI FALLS

Cafepress Inc (PRSS) investors sentiment increased to 1.14 in Q1 2018. It’s up 0.54, from 0.6 in 2017Q4. The ratio improved, as 8 active investment managers increased and started new holdings, while 7 decreased and sold stakes in Cafepress Inc. The active investment managers in our database now possess: 3.79 million shares, down from 3.86 million shares in 2017Q4. Also, the number of active investment managers holding Cafepress Inc in top ten holdings was flat from 1 to 1 for the same number . Sold All: 4 Reduced: 3 Increased: 4 New Position: 4.

The stock decreased 3.60% or $0.05 during the last trading session, reaching $1.34. About 29,539 shares traded or 70.30% up from the average. CafePress Inc. (PRSS) has declined 42.52% since June 23, 2017 and is downtrending. It has underperformed by 55.09% the S&P500. Some Historical PRSS News: 20/04/2018 – DJ Cafepress Inc, Inst Holders, 1Q 2018 (PRSS); 02/05/2018 – CafePress 1Q Loss/Shr 21c; 09/03/2018 – CafePress COO Robert Barton to Resign; 09/03/2018 CafePress Inc. Announces Additional Restructuring and Changes to its Leadership Team and Board of Directors; 09/03/2018 – CafePress to Board Size; 09/03/2018 – CAFEPRESS INC – INDICATED FURTHER 7% REDUCTION IN HEADCOUNT; 09/03/2018 – CafePress to Further Cut Workforce By 7%; 09/03/2018 – CafePress to Cut Board Size; 02/05/2018 – CafePress 1Q Rev $14.6M; 09/03/2018 – CAFEPRESS INC – RESTRUCTURING WILL RESULT IN REDUCTION IN SIZE OF BOARD BY TWO MEMBERS

CafePress Inc. operates as an online retailer of personalized products in the United States and internationally. The company has market cap of $22.76 million. The firm offers gifts and accessories, including T-shirts and apparels, mugs and drinkware, and home goods, such as custom shower curtains and bed coverings. It currently has negative earnings. CafePress Inc. conducts its business on its primary United States based domain, CafePress.com; and also operates CafePress branded Websites for the markets in the United Kingdom, Canada, and Australia.

Standard General L.P. holds 3.77% of its portfolio in CafePress Inc. for 2.50 million shares. Blackhill Capital Inc owns 108,831 shares or 0.03% of their US portfolio. Moreover, Bank Of America Corp De has 0% invested in the company for 412 shares. The United Kingdom-based Barclays Plc has invested 0% in the stock. Blackrock Inc., a New York-based fund reported 35,754 shares.

Spinnaker Trust decreased Procter & Gamble Co (NYSE:PG) stake by 5,599 shares to 41,034 valued at $3.25 million in 2018Q1. It also reduced Magellan Midstream Partners (NYSE:MMP) stake by 25,439 shares and now owns 38,907 shares. Ishares Short Maturity Bond was reduced too.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Seekingalpha.com which released: “Stocks To Watch: More Trade Tiffs And Stress Tests” on June 23, 2018, also Seekingalpha.com with their article: “What’s Going On With JPMorgan?” published on June 17, 2018, Investorplace.com published: “3 Key Bank Stocks Ahead of the Stress Tests” on June 20, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Benzinga.com and their article: “JPMorgan Enters The REIT ETF Space” published on June 20, 2018 as well as Nasdaq.com‘s news article titled: “Buffett, Bezos and Dimon Found Their CEO — Now Comes the Hard Part” with publication date: June 22, 2018.

Investors sentiment decreased to 0.81 in 2018 Q1. Its down 0.07, from 0.88 in 2017Q4. It dropped, as 52 investors sold JPM shares while 843 reduced holdings. 132 funds opened positions while 596 raised stakes. 2.39 billion shares or 2.61% less from 2.46 billion shares in 2017Q4 were reported. Tiger Llc stated it has 4.19% in JPMorgan Chase & Co. (NYSE:JPM). Interocean Ltd Com invested 1% in JPMorgan Chase & Co. (NYSE:JPM). California-based Partnervest Advisory Service Limited Liability Company has invested 1.25% in JPMorgan Chase & Co. (NYSE:JPM). Timber Hill Limited Liability Com has invested 1.21% in JPMorgan Chase & Co. (NYSE:JPM). Quantres Asset Management Limited holds 14,800 shares or 0.99% of its portfolio. Kelly Lawrence W Assoc Ca holds 1.38% or 66,210 shares. Beach Inv Counsel Pa holds 5.45% in JPMorgan Chase & Co. (NYSE:JPM) or 476,109 shares. Glenmede Na owns 1.87M shares for 0.83% of their portfolio. The Tennessee-based Lee Danner And Bass has invested 0.2% in JPMorgan Chase & Co. (NYSE:JPM). Buckingham Mngmt invested in 114,104 shares. Osterweis Capital Mngmt Inc holds 3.36% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 429,433 shares. Comml Bank Of The Ozarks stated it has 19,789 shares or 0.86% of all its holdings. Scholtz And Lc reported 0.22% in JPMorgan Chase & Co. (NYSE:JPM). Cornerstone Cap reported 6,998 shares. Next Finance Gp holds 0.3% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 13,066 shares.

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 120 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Argus Research on Monday, January 18. The firm earned “Neutral” rating on Thursday, July 6 by Goldman Sachs. On Friday, August 18 the stock rating was maintained by RBC Capital Markets with “Buy”. Credit Suisse maintained JPMorgan Chase & Co. (NYSE:JPM) on Monday, October 9 with “Buy” rating. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Buy” rating given on Wednesday, October 14 by Argus Research. As per Friday, October 13, the company rating was maintained by Nomura. The firm has “Outperform” rating by Bruyette & Woods” given on Monday, August 17. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. As per Wednesday, November 9, the company rating was downgraded by Robert W. Baird. BMO Capital Markets maintained JPMorgan Chase & Co. (NYSE:JPM) on Thursday, June 1 with “Hold” rating.

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

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