California Public Employees Retirement System Increases Holding in Jpmorgan Chase Co (JPM)

July 14, 2018 - By Hazel Jackson

JPMorgan Chase & Co. (NYSE:JPM) LogoInvestors sentiment decreased to 0.81 in Q1 2018. Its down 0.07, from 0.88 in 2017Q4. It fall, 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. Ardsley Advisory Prtn invested in 0.05% or 3,000 shares. Stelliam Inv LP has invested 1.62% in JPMorgan Chase & Co. (NYSE:JPM). Moreover, Captrust Financial Advsrs has 0.5% invested in JPMorgan Chase & Co. (NYSE:JPM) for 75,219 shares. Thompson Davis reported 4,429 shares or 1.28% of all its holdings. State Street Corp holds 1.47% or 157.29 million shares in its portfolio. Argent Mgmt Limited Liability holds 4.23% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 1.05M shares. Brandes Investment Ptnrs Ltd Partnership has 0.15% invested in JPMorgan Chase & Co. (NYSE:JPM). 7,460 were accumulated by Paragon Mgmt Limited. Granite Point Capital Mgmt Limited Partnership has 16,500 shares. 640,920 were reported by Parallax Volatility Advisers Ltd Partnership. 90,654 were accumulated by Channing Capital Mngmt Limited Liability. Guardian Lp reported 227,733 shares stake. Rothschild Prtn Ltd Liability Corp holds 110,240 shares. Karp Mngmt stated it has 23,868 shares. Asset holds 207,093 shares or 1.07% of its portfolio.

Since January 13, 2018, it had 3 insider buys, and 1 insider sale for $1.30 million activity. HOBSON MELLODY L had bought 18,000 shares worth $2.00M on Monday, April 16. Shares for $1.99 million were sold by Friedman Stacey on Saturday, January 13. Scher Peter sold $1.91M worth of stock. Another trade for 48,344 shares valued at $5.43M was sold by Petno Douglas B. Erdoes Mary E. sold $7.31 million worth of JPMorgan Chase & Co. (NYSE:JPM) on Saturday, January 13. 16,434 shares were sold by BACON ASHLEY, worth $1.84M on Saturday, January 13.

California Public Employees Retirement System increased its stake in Jpmorgan Chase Co (JPM) by 0.47% based on its latest 2018Q1 regulatory filing with the SEC. California Public Employees Retirement System bought 44,527 shares as the company’s stock declined 6.83% with the market. The institutional investor held 9.43M shares of the major banks company at the end of 2018Q1, valued at $1.04B, up from 9.39 million at the end of the previous reported quarter. California Public Employees Retirement System who had been investing in Jpmorgan Chase Co for a number of months, seems to be bullish on the $362.08 billion market cap company. The stock decreased 0.46% or $0.49 during the last trading session, reaching $106.36. About 21.30 million shares traded or 48.15% up from the average. JPMorgan Chase & Co. (NYSE:JPM) has risen 29.65% since July 14, 2017 and is uptrending. It has outperformed by 17.08% the S&P500.

California Public Employees Retirement System, which manages about $70.22B US Long portfolio, decreased its stake in Wells Fargo Co (NYSE:WFC) by 191,116 shares to 12.34 million shares, valued at $646.48 million in 2018Q1, according to the filing. It also reduced its holding in Exelon Corp (NYSE:EXC) by 594,797 shares in the quarter, leaving it with 2.46M shares, and cut its stake in American International Group (NYSE:AIG).

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Streetinsider.com which released: “JPMorgan (JPM) Tops Q2 EPS by 7c” on July 13, 2018, also Fool.com with their article: “Citigroup Earnings: A Mix of Good News and Disappointments” published on July 13, 2018, Seekingalpha.com published: “JPMorgan: Another Beautiful Quarter” on July 13, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Finance.Yahoo.com and their article: “Is Wells Fargo Stock Worth Buying Ahead of Earnings?” published on July 13, 2018 as well as Seekingalpha.com‘s news article titled: “A Derivatives View On Q1 That Might Help Explain Q2 (And After)” with publication date: July 14, 2018.

JPMorgan Chase & Co. (NYSE:JPM) Ratings Coverage

Among 10 analysts covering JP Morgan Chase (NYSE:JPM), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. JP Morgan Chase has $136 highest and $11000 lowest target. $122.22’s average target is 14.91% above currents $106.36 stock price. JP Morgan Chase had 16 analyst reports since January 16, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, February 28 by Nomura. Credit Suisse maintained JPMorgan Chase & Co. (NYSE:JPM) on Wednesday, January 24 with “Buy” rating. The firm has “Overweight” rating given on Monday, April 30 by Morgan Stanley. Credit Suisse upgraded it to “Buy” rating and $12700 target in Thursday, April 12 report. The firm has “Hold” rating by DZ Bank given on Wednesday, January 17. The firm earned “Buy” rating on Wednesday, January 17 by Wells Fargo. The rating was maintained by Credit Suisse on Monday, March 19 with “Outperform”. The company was maintained on Tuesday, January 16 by Sandler O’Neill. The rating was maintained by Morgan Stanley on Wednesday, February 21 with “Overweight”. Jefferies maintained the stock with “Buy” rating in Sunday, April 15 report.

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

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