Hermes Investment Management LTD Has Increased Lockheed Martin (LMT) Holding; Pinnacle Associates LTD Position in Jpmorgan Chase & Co (JPM) Trimmed by $384,560 as Stock Price Declined

January 14, 2018 - By Ruchi Gupta

Pinnacle Associates Ltd decreased its stake in Jpmorgan Chase & Co (JPM) by 0.79% based on its latest 2017Q3 regulatory filing with the SEC. Pinnacle Associates Ltd sold 4,048 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 510,171 shares of the major banks company at the end of 2017Q3, valued at $48.73 million, down from 514,219 at the end of the previous reported quarter. Pinnacle Associates Ltd who had been investing in Jpmorgan Chase & Co for a number of months, seems to be less bullish one the $390.88 billion market cap company. The stock increased 1.65% or $1.83 during the last trading session, reaching $112.67. About 18.88M 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.

Hermes Investment Management Ltd increased its stake in Lockheed Martin Corp (LMT) by 7.02% based on its latest 2017Q3 regulatory filing with the SEC. Hermes Investment Management Ltd bought 9,770 shares as the company’s stock rose 2.80% with the market. The institutional investor held 148,952 shares of the military and government and technical company at the end of 2017Q3, valued at $46.22 million, up from 139,182 at the end of the previous reported quarter. Hermes Investment Management Ltd who had been investing in Lockheed Martin Corp for a number of months, seems to be bullish on the $96.84B market cap company. The stock increased 1.55% or $5.12 during the last trading session, reaching $336.25. About 1.43 million shares traded or 42.15% up from the average. Lockheed Martin Corporation (NYSE:LMT) has risen 14.19% since January 14, 2017 and is uptrending. It has underperformed by 2.51% the S&P500.

Pinnacle Associates Ltd, which manages about $6.31B and $5.42B US Long portfolio, upped its stake in Alphabet Inc by 4,604 shares to 10,579 shares, valued at $10.15 million in 2017Q3, according to the filing. It also increased its holding in Vanguard Tax Managed Intl Fd (VEA) by 46,219 shares in the quarter, for a total of 346,436 shares, and has risen its stake in Costco Whsl Corp New (NASDAQ:COST).

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

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. Nomura downgraded the shares of JPM in report on Monday, January 25 to “Neutral” rating. On Friday, September 15 the stock rating was maintained by Jefferies with “Buy”. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by Argus Research on Monday, January 18. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Buy” rating given on Thursday, December 21 by Buckingham Research. RBC Capital Markets maintained JPMorgan Chase & Co. (NYSE:JPM) on Tuesday, September 26 with “Buy” rating. The company was maintained on Tuesday, October 3 by Keefe Bruyette & Woods. The rating was upgraded by Credit Suisse on Thursday, January 4 to “Buy”. The firm earned “Neutral” rating on Wednesday, November 9 by Robert W. Baird. The firm earned “Neutral” rating on Friday, October 13 by Robert W. Baird. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Buy” rating given on Monday, November 13 by RBC Capital Markets.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.28, from 1.19 in 2017Q2. It is 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. Nuveen Asset Mngmt Limited accumulated 1.14M shares. Phocas Corporation stated it has 10,317 shares or 0.08% of all its holdings. Mitsubishi Ufj Tru Bk stated it has 1.3% in JPMorgan Chase & Co. (NYSE:JPM). Dixon Hubard Feinour & Brown Va holds 6,949 shares or 0.19% of its portfolio. Lederer And Investment Counsel Ca reported 2.09% in JPMorgan Chase & Co. (NYSE:JPM). Ingalls Snyder Lc accumulated 347,719 shares. Citigroup holds 0.3% or 3.86 million shares in its portfolio. Jacobs Co Ca stated it has 4,890 shares. Community Bancshares Na holds 56,310 shares or 0.59% of its portfolio. Buckingham Asset Limited Liability Company owns 31,855 shares. Moreover, Evermay Wealth Management Ltd Company has 0.59% invested in JPMorgan Chase & Co. (NYSE:JPM). Ruffer Llp owns 759,494 shares. Jpmorgan Chase Com holds 0.09% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 4.14 million shares. Schmidt P J Inv Mgmt reported 0.07% stake. Jbf has 0.65% invested in JPMorgan Chase & Co. (NYSE:JPM).

Since August 15, 2017, it had 0 buys, and 3 sales for $18.05 million activity. Carvalho Orlando D had sold 8,870 shares worth $2.73M. 49,700 shares were sold by Tanner Bruce L, worth $15.21M.

Hermes Investment Management Ltd, which manages about $20.91 billion and $6.67B US Long portfolio, decreased its stake in Simpson Manufacturing Co Inc (NYSE:SSD) by 36,165 shares to 553,641 shares, valued at $27.15 million in 2017Q3, according to the filing. It also reduced its holding in Bio Rad Labs Inc (NYSE:BIO) by 6,744 shares in the quarter, leaving it with 194,096 shares, and cut its stake in Axalta Coating Sys Ltd.

Among 21 analysts covering Lockheed Martin Corporation (NYSE:LMT), 13 have Buy rating, 0 Sell and 8 Hold. Therefore 62% are positive. Lockheed Martin Corporation had 70 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Hold” rating given on Wednesday, November 15 by RBC Capital Markets. Robert W. Baird maintained it with “Buy” rating and $321.0 target in Thursday, September 28 report. Credit Suisse reinitiated the shares of LMT in report on Wednesday, November 18 with “Neutral” rating. The stock of Lockheed Martin Corporation (NYSE:LMT) earned “Sector Perform” rating by RBC Capital Markets on Thursday, January 12. Jefferies maintained it with “Hold” rating and $26500 target in Wednesday, July 19 report. On Thursday, August 20 the stock rating was upgraded by Sterne Agee CRT to “Buy”. The firm has “Neutral” rating by Credit Suisse given on Wednesday, October 25. The firm has “Hold” rating given on Friday, June 9 by RBC Capital Markets. Barclays Capital maintained it with “Underweight” rating and $225 target in Monday, May 2 report. The stock of Lockheed Martin Corporation (NYSE:LMT) earned “Hold” rating by Credit Suisse on Wednesday, July 19.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>