Barometer Capital Management Upped Jpmorgan Chase & Co (JPM) Position By $11.70 Million; Berkshire Hills Bancorp (BHLB) Sentiment Is 1.58

January 14, 2018 - By Ellis Scott

Berkshire Hills Bancorp, Inc. provides retail and commercial banking, wealth management and investment, and insurance services. The company has market cap of $1.73 billion. The firm operates through two divisions, Banking and Insurance. It has a 20.38 P/E ratio. It offers various deposit accounts, including interest-bearing and noninterest-bearing checking demand, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as residential mortgages, commercial real estate, commercial and industrial, and consumer loans.

Barometer Capital Management Inc increased Jpmorgan Chase & Co (JPM) stake by 182.72% reported in 2017Q3 SEC filing. Barometer Capital Management Inc acquired 123,150 shares as Jpmorgan Chase & Co (JPM)’s stock declined 6.04%. The Barometer Capital Management Inc holds 190,550 shares with $18.20M value, up from 67,400 last quarter. Jpmorgan Chase & Co now has $390.88B valuation. The stock increased 1.65% or $1.83 during the last trading session, reaching $112.67. About 18.88 million shares traded or 45.90% up from the average. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since January 14, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

Among 32 analysts covering JPMorgan Chase & Co (NYSE:JPM), 17 have Buy rating, 2 Sell and 13 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 99 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by Jefferies on Monday, January 8. Guggenheim upgraded the shares of JPM in report on Wednesday, April 26 to “Buy” rating. On Monday, January 18 the stock rating was maintained by Argus Research with “Buy”. The rating was downgraded by Ertse Group to “Hold” on Monday, April 25. As per Tuesday, September 1, the company rating was upgraded by Vetr. The rating was maintained by Nomura on Thursday, April 14 with “Neutral”. The firm has “Outperform” rating given on Thursday, April 14 by BMO Capital Markets. The firm has “Hold” rating given on Wednesday, September 20 by Robert W. Baird. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Buy” rating given on Thursday, October 12 by RBC Capital Markets. On Tuesday, June 6 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”.

Barometer Capital Management Inc decreased Spdr S&P Insurance Etf (KIE) stake by 23,800 shares to 35,800 valued at $3.22M in 2017Q3. It also reduced Apple Inc (NASDAQ:AAPL) stake by 43,600 shares and now owns 128,766 shares. Alphabet Inc was reduced too.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.28, from 1.19 in 2017Q2. It turned negative, 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. Sumitomo Mitsui Asset Company Limited holds 0.52% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 350,532 shares. Mckinley Carter Wealth Inc accumulated 10,472 shares. Services Wi invested 2.45% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). The Alabama-based Eagle Cap Mngmt Ltd Liability has invested 1.71% in JPMorgan Chase & Co. (NYSE:JPM). Baring Asset Mngmt Limited stated it has 64,548 shares or 0.36% of all its holdings. Moreover, Arrowstreet Cap Limited Partnership has 0.34% invested in JPMorgan Chase & Co. (NYSE:JPM) for 1.34M shares. Cue Finance Gru owns 7,298 shares. Calamos Advsr Limited Liability reported 1.84M shares. First Interstate Bankshares holds 3.36% or 163,635 shares in its portfolio. Congress Asset Management Ma reported 111,305 shares. Cibc Markets Corporation reported 765,479 shares. Proffitt Goodson Incorporated reported 13,536 shares or 0.57% of all its holdings. Moreover, Teewinot Advisers Limited Liability has 3.4% invested in JPMorgan Chase & Co. (NYSE:JPM). Torray Llc owns 0.02% invested in JPMorgan Chase & Co. (NYSE:JPM) for 2,271 shares. Meritage Management owns 2,207 shares.

Since August 21, 2017, it had 0 insider buys, and 2 sales for $1.12 million activity. Another trade for 2,099 shares valued at $214,019 was sold by Friedman Stacey.

Analysts await Berkshire Hills Bancorp, Inc. (NYSE:BHLB) to report earnings on January, 29. They expect $0.57 EPS, up 1.79% or $0.01 from last year’s $0.56 per share. BHLB’s profit will be $25.81M for 16.80 P/E if the $0.57 EPS becomes a reality. After $0.59 actual EPS reported by Berkshire Hills Bancorp, Inc. for the previous quarter, Wall Street now forecasts -3.39% negative EPS growth.

Since January 1, 0001, it had 2 insider purchases, and 2 insider sales for $1.03 million activity.

The stock increased 0.13% or $0.05 during the last trading session, reaching $38.3. About 105,757 shares traded. Berkshire Hills Bancorp, Inc. (BHLB) has risen 33.85% since January 14, 2017 and is uptrending. It has outperformed by 17.15% the S&P500.

Jacobs Asset Management Llc holds 6.18% of its portfolio in Berkshire Hills Bancorp, Inc. for 836,034 shares. Hillcrest Asset Management Llc owns 215,335 shares or 1.51% of their US portfolio. Moreover, Godshalk Welsh Capital Management Inc. has 1.37% invested in the company for 35,200 shares. The Illinois-based Perritt Capital Management Inc has invested 1.14% in the stock. Eagle Boston Investment Management Inc, a Massachusetts-based fund reported 268,482 shares.

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