Calamos Advisors LLC Increased Jp Morgan Chase & Co (JPM) Stake as Shares Rose

April 20, 2018 - By Daniel Mitchell

JPMorgan Chase & Co. (NYSE:JPM) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 0.88. That’s change of 0.03, from 2017Q3’s 0.91. 55 investors sold all, 802 reduced holdings as JPM ratio is negative. 611 grew holdings while 142 funds acquired holdings. Funds hold 2.46 billion shares thus 1.60% less from 2017Q3’s 2.50 billion shares. Dorsey And Whitney Trust Llc reported 58,023 shs. Valmark Advisers Inc invested in 2,980 shs. Parthenon Limited Com holds 48,914 shs or 1.18% of its capital. Stevens First Principles Advsr invested in 24 shs. Calamos Advsr Ltd Liability Com, Illinois-based fund reported 1.91M shs. First Foundation Advsrs holds 0.64% or 110,635 shs in its capital. Williams Jones Assoc Limited Liability Co invested in 518,817 shs or 1.26% of the stock. Bell Retail Bank invested in 0.17% or 5,634 shs. Spinnaker Tru stated it has 22,678 shs. Quinn Opportunity Partners Limited Co stated it has 0.33% of its capital in JPMorgan Chase & Co. (NYSE:JPM). The Massachusetts-based Granite Point Mngmt LP has invested 0.22% in JPMorgan Chase & Co. (NYSE:JPM). Chickasaw Cap Mgmt Lc invested 0% of its capital in JPMorgan Chase & Co. (NYSE:JPM). California State Teachers Retirement accumulated 1.42% or 6.45 million shs. Sns Financial Group Incorporated Ltd Liability has 0.15% invested in JPMorgan Chase & Co. (NYSE:JPM). Brighton Jones Ltd holds 24,838 shs or 0.32% of its capital.

JPM had 9 selling transactions and 1 insider purchase since October 25, 2017. This’s net activity of $22.34 million. Shares for $1.84M were sold by BACON ASHLEY. 26,532 shs valued at $3.01 million were sold by Scher Peter on Friday, January 19. On Saturday, January 13 Shares for $5.43 million were sold by Petno Douglas B. Giles Nicole also sold $425,399 worth of JPMorgan Chase & Co. (NYSE:JPM) shs. Lake Marianne sold $1.03 million worth of stock. Friedman Stacey had sold 2,099 shs worth $214,019 on Wednesday, October 25.

Based on the latest 2017Q4 regulatory filing with the SEC, Calamos Advisors Llc upped its stake in Jp Morgan Chase & Co (JPM) by 3.85%. 71,004 shares were bought by Calamos Advisors Llc as the company’s stock rose 0.67% while stock markets declined. At the end of 2017Q4, the institutional investor held 1.91M shares of the major banks company, valued at $204.59M, up from 1.84 million at the end of the previous reported quarter. $381.01B is the market cap of Jp Morgan Chase & Co. Ticker’s shares touched $111.72 during the last trading session after 2.20% change.JPMorgan Chase & Co. is uptrending after having risen 23.99% since April 20, 2017. JPM has 17.91M volume or 7.66% up from normal. JPM outperformed by 12.44% the S&P500.

According to a filing Calamos Advisors Llc decreased its stake in Incyte Genomics Inc (NASDAQ:INCY) by 100,745 shares to 21,954 shares, valued at $2.08 million in 2017Q4. The fund manages about $26.54B and $19.62 billion US Long portfolio. For a total of 2.29M shares it reduced its holding in Comcast Corp (NASDAQ:CMCSA) by 546,661 shares in the quarter, and has cut its stake in Visa Inc (NYSE:V).

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

A total of 18 analysts rate JP Morgan Chase (NYSE:JPM) as follows: 11 “Buy”, 7 “Hold” and 0 “Sell”. Тherefore 61% are bullish. The firm has $136 highest and $92.0 lowest target. The avg target $121.59 is 8.83% above the last ($111.72) price. (NYSE:JPM) has 33 ratings reports on 20 Apr 2018 according to StockzIntelligence. On Thursday, January 11 the firm has “Hold” rating given by Credit Suisse. On Wednesday, January 17 the stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by Wells Fargo. On Monday, November 13 the firm earned “Buy” rating by RBC Capital Markets. The stock rating was maintained by Morgan Stanley with “Overweight” on Wednesday, February 21. On Wednesday, February 28 Nomura maintained JPMorgan Chase & Co. (NYSE:JPM) rating. Nomura has “Neutral” rating and $117 target. In Wednesday, December 6 report RBC Capital Markets maintained the stock with “Buy” rating. On Tuesday, December 12 the stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Hold” rating by Keefe Bruyette & Woods. The stock rating was maintained by Morgan Stanley with “Overweight” on Friday, February 2. On Thursday, April 12 the rating was upgraded by Credit Suisse to “Buy”. On Thursday, December 21 the stock of JPMorgan Chase & Co. (NYSE:JPM) has “Buy” rating given by Buckingham Research.

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

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