Jpmorgan Chase & Co. (JPM) Valuation Declined While Marvin & Palmer Associates Has Upped Position by $1.54 Million; Heronetta Management LP Increased Position in Canadian Nat Res LTD (CNQ) by $588,000

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Marvin & Palmer Associates Inc increased its stake in Jpmorgan Chase & Co. (JPM) by 38.39% based on its latest 2018Q3 regulatory filing with the SEC. Marvin & Palmer Associates Inc bought 13,773 shares as the company’s stock declined 10.86% with the market. The hedge fund held 49,652 shares of the major banks company at the end of 2018Q3, valued at $5.60M, up from 35,879 at the end of the previous reported quarter. Marvin & Palmer Associates Inc who had been investing in Jpmorgan Chase & Co. for a number of months, seems to be bullish on the $335.32 billion market cap company. The stock increased 0.94% or $0.94 during the last trading session, reaching $100.85. About 9.74M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has declined 3.12% since January 14, 2018 and is downtrending. It has underperformed by 3.12% the S&P500. Some Historical JPM News: 14/05/2018 – Paycom Software Presenting at JPMorgan Conference Tomorrow; 14/03/2018 – Barclays investors give CEO Staley year to fix investment bank; 14/05/2018 – AMC Networks to Participate in J.P. Morgan Global Technology, Media and Communications Conference; 27/04/2018 – CALLAWAY GOLF CO ELY.N : JP MORGAN RAISES TARGET PRICE TO $20 FROM $19; 15/05/2018 – Model N Presenting at JPMorgan Conference Tomorrow; 13/04/2018 – JPMORGAN’S DIMON SAYS “COMMERCIAL BANKING CONTINUED TO SEE REVENUE GROWTH DRIVEN BY RATES AND GOOD CAPITAL MARKETS FLOWS” IN QTR; 15/03/2018 – JPMORGAN SAYS AMERICAN AIR HAS MATCHED MANY FARE HIKES; 16/05/2018 – Boingo Wireless Presenting at JPMorgan Conference Tomorrow; 08/03/2018 – Ryder CFO to Address J.P. Morgan Aviation, Transportation & Industrials Conference; 28/05/2018 – JPMorgan’s Galler Says Markets Stay Volatile Until Year’s End (Video)

Heronetta Management Lp increased its stake in Canadian Nat Res Ltd (CNQ) by 25.23% based on its latest 2018Q3 regulatory filing with the SEC. Heronetta Management Lp bought 14,000 shares as the company’s stock declined 17.21% with the market. The institutional investor held 69,500 shares of the oil & gas production company at the end of 2018Q3, valued at $2.93 million, up from 55,500 at the end of the previous reported quarter. Heronetta Management Lp who had been investing in Canadian Nat Res Ltd for a number of months, seems to be bullish on the $33.22B market cap company. The stock increased 1.45% or $0.4 during the last trading session, reaching $27.56. About 1.57M shares traded. Canadian Natural Resources Limited (NYSE:CNQ) has declined 22.36% since January 14, 2018 and is downtrending. It has underperformed by 22.36% the S&P500. Some Historical CNQ News: 03/05/2018 – Canadian Natural 1Q EPS C$0.47; 13/04/2018 – CANADIAN NATURAL RESOURCES LTD CNQ.TO : CREDIT SUISSE RAISES TARGET PRICE TO C$59 FROM C$54; 14/03/2018 Canadian Natural Resources Limited Announces Intention to Institute a Normal Course Issuer Bid; 16/05/2018 – CANADIAN NATURAL ANNOUNCES NORMAL COURSE ISSUER BID; 03/05/2018 – CANADIAN NATURAL RESOURCES STARTS FIRST-QUARTER CONFERENCE CALL; 07/05/2018 – ROYAL DUTCH SHELL PLC (“SHELL”) ANNOUNCES AN AGREEMENT TO SELL ITS ENTIRE STAKE IN CANADIAN NATURAL RESOURCES LIMITED; 07/05/2018 – Shell Sells Canadian Natural Resources Interest, Resulting in $3.3B Pretax Proceeds; 03/05/2018 – Canadian Natural Resources to limit output during oil transport crunch; 07/05/2018 – Shell to sell stake in Canadian Natural for about $3.3 bln -Globe and Mail; 03/05/2018 – Canadian Natural’s Annual 2018 Capital Expenditures Are Targeted to Be Approximately C$4.3 Billion

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 127 analyst reports since July 21, 2015 according to SRatingsIntel. DZ Bank upgraded JPMorgan Chase & Co. (NYSE:JPM) on Thursday, July 19 to “Buy” rating. As per Monday, July 17, the company rating was maintained by Credit Suisse. The rating was upgraded by Atlantic Securities to “Overweight” on Monday, January 18. The firm earned “Hold” rating on Friday, April 13 by Nomura. The rating was downgraded by Vetr to “Strong-Buy” on Friday, August 28. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Buy” rating given on Thursday, December 21 by Buckingham Research. The rating was maintained by Jefferies on Monday, January 8 with “Buy”. Jefferies maintained the shares of JPM in report on Sunday, April 15 with “Buy” rating. The stock has “Buy” rating by Jefferies on Friday, September 15. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, December 6.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Marketwatch.com which released: “Citigroup kicks off fourth-quarter earnings season with a revenue miss – MarketWatch” on January 14, 2019, also Benzinga.com with their article: “J P Morgan Chase & Co (NYSE:JPM) – 2018 Was Bittersweet For Bitcoin: Focus On JPMorgan’s View Of BTC Futures On CBOE, CME – Benzinga” published on December 31, 2018, Seekingalpha.com published: “Arconic downgraded at J.P. Morgan on valuation – Seeking Alpha” on January 14, 2019. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Seekingalpha.com and their article: “Hong Kong authority fines JPMorgan over money-laundering measures – Seeking Alpha” published on December 28, 2018 as well as Bizjournals.com‘s news article titled: “Bank Notes: Navient tops consumer complaint list among student loan servicers – Philadelphia Business Journal” with publication date: January 14, 2019.

Since July 23, 2018, it had 1 insider purchase, and 1 sale for $3.38 million activity. HOBSON MELLODY L also bought $125,281 worth of JPMorgan Chase & Co. (NYSE:JPM) on Friday, October 19.

Investors sentiment decreased to 0.95 in Q3 2018. Its down 0.04, from 0.99 in 2018Q2. It worsened, as 37 investors sold JPM shares while 755 reduced holdings. 124 funds opened positions while 628 raised stakes. 2.32 billion shares or 1.12% less from 2.34 billion shares in 2018Q2 were reported. Prentiss Smith & Company owns 260 shares for 0.02% of their portfolio. Hilltop holds 0.87% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 36,629 shares. Pettyjohn Wood And White holds 55,511 shares. Middleton Ma accumulated 128,794 shares. Schaller Investment reported 21,510 shares. Bath Savings Trust stated it has 0.14% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Moreover, Alley Ltd Liability has 3.39% invested in JPMorgan Chase & Co. (NYSE:JPM). California State Teachers Retirement System owns 6.19M shares or 1.36% of their US portfolio. Umb Commercial Bank N A Mo reported 435,992 shares. Fragasso Group holds 0.6% or 22,678 shares in its portfolio. Mraz Amerine & Assoc Incorporated holds 0.07% or 2,082 shares. North Point Managers Corporation Oh invested 0.05% in JPMorgan Chase & Co. (NYSE:JPM). 4.62M were accumulated by Omers Administration Corporation. Marshall Wace Llp, a United Kingdom-based fund reported 58,943 shares. Rathbone Brothers Plc owns 328,234 shares or 1.26% of their US portfolio.

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

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