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As Jpmorgan Chase & Co (JPM) Share Value Rose, Rench Wealth Management Has Increased Stake; Bank Of America (BAC) Shareholder Toscafund Asset Management Llp Increased Stake by $2.40 Million as Stock Declined

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Rench Wealth Management Inc increased its stake in Jpmorgan Chase & Co (JPM) by 11.09% based on its latest 2017Q4 regulatory filing with the SEC. Rench Wealth Management Inc bought 4,300 shares as the company’s stock rose 0.67% while stock markets declined. The institutional investor held 43,073 shares of the major banks company at the end of 2017Q4, valued at $4.61 million, up from 38,773 at the end of the previous reported quarter. Rench Wealth Management Inc who had been investing in Jpmorgan Chase & Co for a number of months, seems to be bullish on the $374.82 billion market cap company. The stock increased 0.10% or $0.11 during the last trading session, reaching $110.1. About 9.43 million shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.99% since April 26, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.

Martin Hughes increased its stake in Bank Of America (BAC) by 5.88% based on its latest 2017Q4 regulatory filing with the SEC. Toscafund Asset Management Llp bought 75,000 shares as the company’s stock declined 1.20% with the market. The hedge fund run by Martin Hughes held 1.35M shares of the major banks company at the end of 2017Q4, valued at $43.20 million, up from 1.28 million at the end of the previous reported quarter. Toscafund Asset Management Llp who had been investing in Bank Of America for a number of months, seems to be bullish on the $305.99 billion market cap company. The stock decreased 0.23% or $0.07 during the last trading session, reaching $30.07. About 41.35M shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 26, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) has “Outperform” rating given on Tuesday, November 29 by Keefe Bruyette & Woods. The stock has “Outperform” rating by Macquarie Research on Thursday, February 16. KBW upgraded the shares of BAC in report on Monday, August 24 to “Outperform” rating. The company was upgraded on Wednesday, January 20 by Sandler O’Neill. Bernstein upgraded the stock to “Buy” rating in Tuesday, September 1 report. The rating was maintained by Nomura with “Buy” on Tuesday, July 18. Robert W. Baird downgraded the shares of BAC in report on Wednesday, November 16 to “Neutral” rating. The company was maintained on Monday, October 16 by UBS. Jefferies maintained Bank of America Corporation (NYSE:BAC) on Wednesday, October 7 with “Buy” rating. The firm has “Outperform” rating given on Thursday, August 10 by Wells Fargo.

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.15, from 1.04 in 2017Q3. It increased, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. 6.85 billion shares or 0.98% less from 6.91 billion shares in 2017Q3 were reported. Cap Mngmt Corporation Va reported 10,657 shares. Pinnacle Wealth Advisory Limited Liability Company holds 7,089 shares or 0.12% of its portfolio. Stonebridge Cap Advsrs Ltd Liability Corporation stated it has 0.17% in Bank of America Corporation (NYSE:BAC). 22,154 are held by Janney Capital Mngmt Limited Liability. Burt Wealth Advsrs reported 0.08% stake. Community & Invest owns 994,182 shares for 3.67% of their portfolio. Rmb Cap Mgmt Lc accumulated 0.05% or 63,910 shares. 10,513 are owned by Waldron Lp. Vaughan David Investments Incorporated Il owns 25,890 shares or 0.04% of their US portfolio. 14,387 are owned by Aldebaran Financial. 1.66 million were reported by Wedge Capital Mgmt L Ltd Partnership Nc. Girard Prtnrs invested in 0.23% or 40,539 shares. Moreover, Deutsche Bankshares Ag has 0.64% invested in Bank of America Corporation (NYSE:BAC). Parkside Retail Bank has 0.28% invested in Bank of America Corporation (NYSE:BAC). Wetherby Asset Management has 0.62% invested in Bank of America Corporation (NYSE:BAC).

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.03, from 0.91 in 2017Q3. It is negative, as 55 investors sold JPM shares while 802 reduced holdings. 142 funds opened positions while 611 raised stakes. 2.46 billion shares or 1.60% less from 2.50 billion shares in 2017Q3 were reported. Regentatlantic Capital Limited Liability invested in 29,869 shares or 0.26% of the stock. Linscomb Williams has invested 0.64% in JPMorgan Chase & Co. (NYSE:JPM). Moreover, St Germain D J Company Inc has 2.61% invested in JPMorgan Chase & Co. (NYSE:JPM). Two Sigma Lc holds 12,457 shares. Vantage Invest Advsr Limited Co, a Pennsylvania-based fund reported 3,095 shares. Architects holds 2.86% or 160,451 shares in its portfolio. Lombard Odier Asset Mgmt (Switzerland) stated it has 0.15% in JPMorgan Chase & Co. (NYSE:JPM). Davis Selected Advisers reported 12.59 million shares or 5.72% of all its holdings. The South Dakota-based South Dakota Investment Council has invested 1.43% in JPMorgan Chase & Co. (NYSE:JPM). Tanaka, a New York-based fund reported 1,918 shares. Greylin Invest Mangement Incorporated has 12,186 shares for 0.28% of their portfolio. Sandhill Capital Partners holds 20,700 shares. Victory Cap Management Incorporated invested in 0.18% or 807,756 shares. Delta Asset Mgmt Ltd Liability Corporation Tn holds 0.23% or 15,012 shares in its portfolio. Brown Mgmt reported 11,541 shares or 0.01% of all its holdings.

Since January 13, 2018, it had 2 insider purchases, and 8 selling transactions for $20.12 million activity. The insider Petno Douglas B sold 48,344 shares worth $5.43M. 18,000 shares were bought by HOBSON MELLODY L, worth $2.00M on Monday, April 16. $7.31M worth of JPMorgan Chase & Co. (NYSE:JPM) shares were sold by Erdoes Mary E.. Scher Peter also sold $1.91M worth of JPMorgan Chase & Co. (NYSE:JPM) on Saturday, January 13. Friedman Stacey sold $1.99 million worth of stock. On Tuesday, January 16 CROWN JAMES S bought $825,327 worth of JPMorgan Chase & Co. (NYSE:JPM) or 7,280 shares.

Rench Wealth Management Inc, which manages about $147.20 million and $153.74 million US Long portfolio, decreased its stake in Vodafone Group Plc New (NASDAQ:VOD) by 10,720 shares to 78,558 shares, valued at $2.51 million in 2017Q4, according to the filing. It also reduced its holding in W P Carey Inc (NYSE:WPC) by 9,356 shares in the quarter, leaving it with 36,989 shares, and cut its stake in Boeing Co (NYSE:BA).

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 119 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Atlantic Securities to “Overweight” on Friday, January 15. Keefe Bruyette & Woods maintained the shares of JPM in report on Thursday, December 21 with “Hold” rating. The rating was maintained by Oppenheimer on Friday, July 14 with “Hold”. Jefferies maintained the stock with “Buy” rating in Monday, January 8 report. The stock has “Neutral” rating by Robert W. Baird on Friday, October 13. Ertse Group downgraded JPMorgan Chase & Co. (NYSE:JPM) on Monday, April 25 to “Hold” rating. The company was upgraded on Friday, February 5 by UBS. Keefe Bruyette & Woods upgraded the stock to “Buy” rating in Tuesday, February 13 report. BMO Capital Markets maintained it with “Market Perform” rating and $91 target in Friday, October 13 report. On Thursday, October 12 the stock rating was maintained by RBC Capital Markets with “Buy”.

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

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