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Webster Bank Decreased Its Stake in Jp Morgan Chase (JPM) as Market Value Declined; Litespeed Management Has Cut New York Reit Ord (NYRT) Stake by $13.42 Million; Stock Price Declined

Webster Bank decreased its stake in Jp Morgan Chase (JPM) by 2.97% based on its latest 2017Q3 regulatory filing with the SEC. Webster Bank sold 4,180 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 136,447 shares of the major banks company at the end of 2017Q3, valued at $13.03 million, down from 140,627 at the end of the previous reported quarter. Webster Bank who had been investing in Jp Morgan Chase for a number of months, seems to be less bullish one the $387.44B market cap company. The stock decreased 0.53% or $0.59 during the last trading session, reaching $111.68. About 1.14 million shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since January 17, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

Jamie Zimmerman decreased its stake in New York Reit Ord (NYRT) by 72.66% based on its latest 2017Q3 regulatory filing with the SEC. Litespeed Management Llc sold 1.92 million shares as the company’s stock declined 12.85% while stock markets rallied. The hedge fund run by Jamie Zimmerman held 721,381 shares of the consumer services company at the end of 2017Q3, valued at $5.66 million, down from 2.64 million at the end of the previous reported quarter. Litespeed Management Llc who had been investing in New York Reit Ord for a number of months, seems to be less bullish one the $700.40M market cap company. It closed at $4.15 lastly. It is down 9.21% since January 17, 2017 and is downtrending. It has underperformed by 25.91% the S&P500.

Since August 21, 2017, it had 0 insider buys, and 2 sales for $1.12 million activity.

Among 32 analysts covering JPMorgan Chase & Co (NYSE:JPM), 16 have Buy rating, 2 Sell and 14 Hold. Therefore 50% are positive. JPMorgan Chase & Co had 104 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Buy” rating given on Thursday, June 15 by RBC Capital Markets. Jefferies maintained JPMorgan Chase & Co. (NYSE:JPM) rating on Monday, January 8. Jefferies has “Buy” rating and $124.0 target. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Hold” rating given on Friday, January 12 by BMO Capital Markets. As per Friday, October 13, the company rating was maintained by Nomura. Keefe Bruyette & Woods maintained it with “Hold” rating and $116.0 target in Tuesday, December 12 report. The firm has “Buy” rating by Bank of America given on Friday, October 13. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Sell” rating given on Wednesday, July 13 by Berenberg. The stock has “Hold” rating by Societe Generale on Tuesday, January 9. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Outperform” rating given on Thursday, August 10 by Wells Fargo. The firm has “Outperform” rating by Vining Sparks given on Friday, April 28.

Webster Bank, which manages about $688.03 million US Long portfolio, upped its stake in Vulcan Materials Co (NYSE:VMC) by 3,178 shares to 21,824 shares, valued at $2.61M in 2017Q3, according to the filing. It also increased its holding in International Paper Co (NYSE:IP) by 11,846 shares in the quarter, for a total of 47,769 shares, and has risen its stake in Vanguard (VOO).

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.28, from 1.19 in 2017Q2. It fall, as 65 investors sold JPM shares while 767 reduced holdings. 125 funds opened positions while 635 raised stakes. 2.50 billion shares or 7.05% less from 2.69 billion shares in 2017Q2 were reported. Syntal Ptnrs Ltd Liability Co reported 2,940 shares. Pacad Inv Limited accumulated 3,300 shares or 0.07% of the stock. Hl Svcs Limited Liability Corp reported 2.41 million shares or 4.44% of all its holdings. Meiji Yasuda Asset reported 147,201 shares stake. 22,450 were reported by Headinvest Llc. Dsc Advisors Limited Partnership accumulated 117,565 shares. Citigroup Inc holds 3.86M shares. Employees Retirement Systems Of Texas invested in 1% or 801,600 shares. Portland Glob Advisors Lc reported 6,704 shares. Jackson Wealth Mngmt Limited Liability Corp holds 0.51% in JPMorgan Chase & Co. (NYSE:JPM) or 19,532 shares. Rathbone Brothers Public Ltd accumulated 1.3% or 311,784 shares. Fayez Sarofim & reported 4.62M shares stake. The New York-based Kings Point Capital has invested 0.86% in JPMorgan Chase & Co. (NYSE:JPM). Kj Harrison & Prtnrs has invested 1.22% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Pinebridge Invs Limited Partnership holds 2.98% in JPMorgan Chase & Co. (NYSE:JPM) or 1.30 million shares.

Among 5 analysts covering New York REIT (NYSE:NYRT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. New York REIT had 8 analyst reports since October 9, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, June 30 by Compass Point. JMP Securities upgraded New York REIT, Inc. (NYSE:NYRT) rating on Friday, October 9. JMP Securities has “Mkt Outperform” rating and $12.50 target. The stock of New York REIT, Inc. (NYSE:NYRT) earned “Buy” rating by Evercore on Monday, November 16. The firm has “Hold” rating given on Friday, December 1 by SunTrust. As per Friday, November 3, the company rating was maintained by SunTrust. The stock of New York REIT, Inc. (NYSE:NYRT) earned “Buy” rating by Compass Point on Friday, October 30.

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