State Of Tennessee Treasury Department Has Lowered Holding in Jp Morgan Chase & Co (JPM) by $35.84 Million as Share Price Declined

June 20, 2017 - By Louis Casey

Investors sentiment decreased to 0.82 in Q4 2016. Its down 0.15, from 0.97 in 2016Q3. It turned negative, as 69 investors sold JPM shares while 807 reduced holdings. 166 funds opened positions while 553 raised stakes. 2.60 billion shares or 2.27% more from 2.54 billion shares in 2016Q3 were reported. Dean Inv Assocs Ltd Limited Liability Company invested in 27,941 shares or 0.41% of the stock. Blackrock Japan invested 1.49% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Menta Cap Ltd Liability Corp has invested 0.14% in JPMorgan Chase & Co. (NYSE:JPM). Bryn Mawr Trust Company, Pennsylvania-based fund reported 323,132 shares. Coatue Management Lc owns 1.88 million shares. 2.24M are owned by Public Employees Retirement Association Of Colorado. Panagora Asset Management Inc has 3.13M shares. 8,387 were accumulated by Rfg Advisory Ltd Liability Corporation. Aull & Monroe Invest, Alabama-based fund reported 26,091 shares. Spinnaker Trust stated it has 0.19% in JPMorgan Chase & Co. (NYSE:JPM). Lowe Brockenbrough & holds 2.63% in JPMorgan Chase & Co. (NYSE:JPM) or 182,343 shares. Moreover, Rothschild Invest Corp Il has 2.51% invested in JPMorgan Chase & Co. (NYSE:JPM). Lpl Fin Limited Com has invested 0.11% in JPMorgan Chase & Co. (NYSE:JPM). Lakeview Partners Lc reported 2.58% stake. Wade G W And Inc holds 2.09% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 147,008 shares.

Since January 13, 2017, it had 0 insider purchases, and 10 selling transactions for $21.13 million activity. 35,799 shares valued at $3.01 million were sold by Erdoes Mary E. on Friday, January 13. Lake Marianne also sold $1.09M worth of JPMorgan Chase & Co. (NYSE:JPM) on Tuesday, January 17. $3.40 million worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Pinto Daniel E. Smith Gordon also sold $5.51M worth of JPMorgan Chase & Co. (NYSE:JPM) shares. Zames Matthew E sold 42,083 shares worth $3.54M. BACON ASHLEY also sold $568,100 worth of JPMorgan Chase & Co. (NYSE:JPM) shares. 6,728 shares valued at $566,195 were sold by Petno Douglas B on Friday, January 13.

State Of Tennessee Treasury Department decreased its stake in Jp Morgan Chase & Co (JPM) by 12.63% based on its latest 2016Q4 regulatory filing with the SEC. State Of Tennessee Treasury Department sold 416,793 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 2.88 million shares of the major banks company at the end of 2016Q4, valued at $248.71M, down from 3.30M at the end of the previous reported quarter. State Of Tennessee Treasury Department who had been investing in Jp Morgan Chase & Co for a number of months, seems to be less bullish one the $311.49B market cap company. The stock increased 2.19% or $1.89 during the last trading session, reaching $88.07. About 421 shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since June 20, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.

State Of Tennessee Treasury Department, which manages about $18.93B US Long portfolio, upped its stake in Great Plains Energy Inc (NYSE:GXP) by 135,186 shares to 420,486 shares, valued at $11.50M in 2016Q4, according to the filing. It also increased its holding in Northern Tr Corp (NASDAQ:NTRS) by 36,364 shares in the quarter, for a total of 241,406 shares, and has risen its stake in Adobe Sys Inc (NASDAQ:ADBE).

Investors wait JPMorgan Chase & Co. (NYSE:JPM) to report on July, 13. its quarterly earnings Wall Street analysts expect $1.63 EPS, up $0.08 or 5.16 % from last year’s $1.55 same quarter earnings. This translates into $5.77 billion profit for JPM giving the stock a 13.51 P/E. This is assuming the current $1.63 EPS is accurate. JPMorgan Chase & Co.’s Wall Street analysts see -1.21 % negative EPS growth, taking into account the $1.65 EPS reproted in the previous quarter,

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Seekingalpha.com which released: “JPMorgan Chase Blows Creative Smoke” on June 08, 2017, also Reuters.com with their article: “BRIEF-JPMorgan Chase & Co reports 5 pct passive stake in NAtural Resource …” published on June 06, 2017, Seekingalpha.com published: “JPMorgan COO is exiting – Bloomberg” on June 08, 2017. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Reuters.com and their article: “BRIEF-JPMorgan Chase & Co reports 16.1 pct passive stake in Easterly …” published on June 09, 2017 as well as Reuters.com‘s news article titled: “BRIEF-JPMorgan Chase & Co says credit card charge-off rate 2.50% in May” with publication date: June 15, 2017.

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

Among 25 analysts covering JPMorgan Chase & Co (NYSE:JPM), 13 have Buy rating, 2 Sell and 10 Hold. Therefore 52% are positive. JPMorgan Chase & Co had 52 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Wednesday, February 24 by Jefferies. The firm has “Neutral” rating by Buckingham Research given on Monday, October 17. Vetr upgraded it to “Buy” rating and $71.88 target in Tuesday, September 1 report. Portales Partners downgraded JPMorgan Chase & Co. (NYSE:JPM) on Monday, February 22 to “Underperform” rating. The rating was maintained by UBS with “Neutral” on Friday, January 15. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Neutral” rating by Nomura on Wednesday, September 7. The rating was maintained by Jefferies with “Buy” on Tuesday, July 21. The company was downgraded on Monday, January 11 by Goldman Sachs. The firm has “Hold” rating by Ertse Group given on Monday, April 25. As per Monday, October 5, the company rating was maintained by Citigroup.

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