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Tiger Management Lowered Its Holding in Jpmorgan Chase & Co (JPM) by $2.51 Million; Verizon Communications (VZ) Holder Hamilton Point Investment Advisors Increased Stake

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Julian Robertson decreased its stake in Jpmorgan Chase & Co (JPM) by 9.89% based on its latest 2017Q4 regulatory filing with the SEC. Tiger Management Llc sold 23,700 shares as the company’s stock rose 0.67% while stock markets declined. The hedge fund run by Julian Robertson held 215,900 shares of the major banks company at the end of 2017Q4, valued at $23.09M, down from 239,600 at the end of the previous reported quarter. Tiger Management Llc who had been investing in Jpmorgan Chase & Co for a number of months, seems to be less bullish one the $382.95B market cap company. The stock decreased 0.46% or $0.52 during the last trading session, reaching $112.49. About 10.87 million shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.99% since May 23, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.

Hamilton Point Investment Advisors Llc increased its stake in Verizon Communications Inc (VZ) by 16.62% based on its latest 2017Q4 regulatory filing with the SEC. Hamilton Point Investment Advisors Llc bought 5,782 shares as the company’s stock declined 11.05% with the market. The institutional investor held 40,571 shares of the telecommunications equipment company at the end of 2017Q4, valued at $2.15 million, up from 34,789 at the end of the previous reported quarter. Hamilton Point Investment Advisors Llc who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $200.77B market cap company. The stock decreased 0.45% or $0.22 during the last trading session, reaching $48.59. About 13.64M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since May 23, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Fool.com which released: “Verizon Aims to Be Much More Than a Phone Company” on May 10, 2018, also Globenewswire.com with their article: “Verizon to speak at JP Morgan conference May 16” published on May 15, 2018, Globenewswire.com published: “Verizon holds sellside analyst meeting” on May 21, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Benzinga.com and their article: “JPMorgan: Verizon On ‘Stable Footing’ As 5G Opportunity Crystallizes” published on May 11, 2018 as well as Globenewswire.com‘s news article titled: “Verizon collapses key network elements, improving efficiency and customer functionality” with publication date: April 30, 2018.

Among 31 analysts covering Verizon Communications Inc. (NYSE:VZ), 15 have Buy rating, 0 Sell and 16 Hold. Therefore 48% are positive. Verizon Communications Inc. had 84 analyst reports since July 22, 2015 according to SRatingsIntel. The company was upgraded on Friday, August 14 by Zacks. JP Morgan upgraded the shares of VZ in report on Friday, May 11 to “Overweight” rating. The company was upgraded on Tuesday, August 11 by MoffettNathanson. Cowen & Co maintained the stock with “Hold” rating in Friday, July 28 report. The firm earned “Hold” rating on Friday, October 20 by SunTrust. SunTrust upgraded the shares of VZ in report on Wednesday, April 25 to “Buy” rating. Argus Research maintained the shares of VZ in report on Wednesday, October 21 with “Buy” rating. The stock has “Hold” rating by RBC Capital Markets on Friday, October 20. The stock has “Sector Outperform” rating by Howard Weil on Monday, January 22. The company was upgraded on Wednesday, April 25 by UBS.

Since February 13, 2018, it had 0 insider purchases, and 2 insider sales for $444,552 activity.

Investors sentiment increased to 1.02 in 2017 Q4. Its up 0.14, from 0.88 in 2017Q3. It increased, as 57 investors sold VZ shares while 662 reduced holdings. 141 funds opened positions while 592 raised stakes. 2.54 billion shares or 0.48% more from 2.53 billion shares in 2017Q3 were reported. Oakbrook Ltd Liability Corp reported 173,637 shares. Horan Capital Ltd Liability owns 70,851 shares. 11,582 are owned by Wealth Architects Limited Liability Company. 63,263 were accumulated by Bangor National Bank & Trust. Iron Financial Ltd Liability Com invested in 6,841 shares. Thompson Invest Mngmt has invested 0.06% in Verizon Communications Inc. (NYSE:VZ). Loring Wolcott And Coolidge Fiduciary Llp Ma reported 14,251 shares. Chemical Bancorp invested 0.76% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Moreover, Transamerica Financial Incorporated has 0.1% invested in Verizon Communications Inc. (NYSE:VZ). Windward Capital Mngmt Company Ca stated it has 25,753 shares or 0.2% of all its holdings. Oak Ridge Ltd Liability owns 8,673 shares. Noesis Cap Mangement Corp stated it has 4,774 shares. 177,555 are owned by Villere St Denis J & Co. James Research holds 0.03% or 17,028 shares. Benjamin F Edwards And Inc stated it has 85,657 shares or 0.47% of all its holdings.

Tiger Management Llc, which manages about $799.15 million and $640.12 million US Long portfolio, upped its stake in Ooma Inc by 43,522 shares to 1.27 million shares, valued at $15.17M in 2017Q4, according to the filing.

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 120 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating by Robert W. Baird given on Wednesday, November 15. On Wednesday, April 26 the stock rating was upgraded by Guggenheim to “Buy”. The rating was upgraded by Buckingham Research to “Buy” on Thursday, December 21. Barclays Capital maintained JPMorgan Chase & Co. (NYSE:JPM) rating on Tuesday, January 3. Barclays Capital has “Overweight” rating and $100 target. The rating was maintained by Bank of America with “Buy” on Sunday, July 16. On Friday, October 13 the stock rating was maintained by Morgan Stanley with “Overweight”. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Hold” rating given on Tuesday, January 9 by Societe Generale. The rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform” on Tuesday, January 17. Keefe Bruyette & Woods maintained it with “Outperform” rating and $74 target in Wednesday, October 14 report. The rating was upgraded by Atlantic Securities on Friday, January 15 to “Overweight”.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.03, from 0.91 in 2017Q3. It dived, 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. State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 4.26M shares. Continental Advsr Limited Liability Co, a Illinois-based fund reported 71,100 shares. 551,702 are held by Exxonmobil Management Tx. The Washington-based Merriman Wealth Mgmt Lc has invested 0.14% in JPMorgan Chase & Co. (NYSE:JPM). Kames Pcl owns 3.6% invested in JPMorgan Chase & Co. (NYSE:JPM) for 1.33 million shares. 81,447 were reported by Gradient Invests Limited Liability Corporation. Sns Financial Grp Ltd Liability stated it has 0.15% in JPMorgan Chase & Co. (NYSE:JPM). Dorsey Whitney Com Lc has invested 1.15% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Jnba Finance Advisors holds 0.23% or 10,146 shares in its portfolio. Sta Wealth Management Ltd has 0.2% invested in JPMorgan Chase & Co. (NYSE:JPM) for 6,943 shares. Portland Global Advsrs Ltd holds 0.25% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 6,334 shares. Ing Groep Nv accumulated 484,403 shares. Lvm Capital Mgmt Mi has 0.16% invested in JPMorgan Chase & Co. (NYSE:JPM) for 6,456 shares. Smithfield reported 0.41% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Greenwich Wealth Management Limited Liability Co holds 0.21% in JPMorgan Chase & Co. (NYSE:JPM) or 11,787 shares.

Since January 13, 2018, it had 3 insider buys, and 8 sales for $18.63 million activity. CROWN JAMES S had bought 7,280 shares worth $825,327 on Tuesday, January 16. 13,000 shares were bought by Combs Todd A., worth $1.49M on Monday, May 14. $1.03 million worth of stock was sold by Lake Marianne on Saturday, January 13. On Saturday, January 13 Petno Douglas B sold $5.43 million worth of JPMorgan Chase & Co. (NYSE:JPM) or 48,344 shares. Shares for $425,399 were sold by Giles Nicole on Saturday, January 13. Friedman Stacey sold 17,729 shares worth $1.99 million.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Seekingalpha.com which released: “JPMorgan doubles down on AI” on May 04, 2018, also Bizjournals.com with their article: “Banking Roundup: Wells Fargo hit by reports of altered documents… BofA rolls out AI assistant Erica” published on May 23, 2018, Seekingalpha.com published: “JPMorgan back to business in China” on May 14, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Seekingalpha.com and their article: “JPMorgan: Magnificent Morgan” published on April 30, 2018 as well as Seekingalpha.com‘s news article titled: “King Dimon – For Now | JPMorgan” with publication date: April 26, 2018.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13. They expect $2.26 earnings per share, up 24.18% or $0.44 from last year’s $1.82 per share. JPM’s profit will be $7.69 billion for 12.44 P/E if the $2.26 EPS becomes a reality. After $2.37 actual earnings per share reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -4.64% negative EPS growth.

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

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