Alleghany Raised Stake in Jpmorgan Chase & Co (JPM) by $5.23 Million as Share Value Declined; First American Bank Decreased Boeing Co (BA) Holding as Market Valuation Rose

February 20, 2018 - By Marguerite Chambers

First American Bank decreased its stake in Boeing Co (BA) by 7.45% based on its latest 2017Q3 regulatory filing with the SEC. First American Bank sold 2,955 shares as the company’s stock rose 4.66% with the market. The institutional investor held 36,713 shares of the aerospace company at the end of 2017Q3, valued at $9.33 million, down from 39,668 at the end of the previous reported quarter. First American Bank who had been investing in Boeing Co for a number of months, seems to be less bullish one the $208.94B market cap company. The stock decreased 0.40% or $1.42 during the last trading session, reaching $355.04. About 5.21 million shares traded or 5.38% up from the average. The Boeing Company (NYSE:BA) has risen 41.13% since February 20, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Alleghany Corp increased its stake in Jpmorgan Chase & Co (JPM) by 3.15% based on its latest 2017Q3 regulatory filing with the SEC. Alleghany Corp bought 55,000 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 1.80M shares of the major banks company at the end of 2017Q3, valued at $171.84M, up from 1.74M at the end of the previous reported quarter. Alleghany Corp who had been investing in Jpmorgan Chase & Co for a number of months, seems to be bullish on the $392.76 billion market cap company. The stock decreased 0.72% or $0.83 during the last trading session, reaching $114.68. About 13.21 million shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since February 20, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.28, from 1.19 in 2017Q2. It dropped, 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. Mutual Of Omaha Bancshares Wealth holds 7,263 shares. Bedrijfstakpensioenfonds Voor De Media Pno reported 3.5% stake. Pittenger & Anderson holds 0.31% or 35,810 shares. Savant reported 23,995 shares stake. Haverford Trust accumulated 1.43M shares. Lodestar Counsel Limited Liability Il holds 232,186 shares. Sumitomo Mitsui Asset reported 350,532 shares stake. 912,230 were reported by Janney Montgomery Scott Ltd Liability Corporation. Duncker Streett & Commerce Incorporated has invested 1.25% in JPMorgan Chase & Co. (NYSE:JPM). Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma holds 0.11% or 59,296 shares. Redwood Invs Ltd Liability accumulated 1.46% or 134,368 shares. Washington Tru has invested 2.54% in JPMorgan Chase & Co. (NYSE:JPM). 311,972 were reported by Eastern Bank. Joel Isaacson & Ltd Company reported 23,019 shares. Moreover, Aspen Mgmt Inc has 1.13% invested in JPMorgan Chase & Co. (NYSE:JPM).

Since August 21, 2017, it had 1 insider purchase, and 9 selling transactions for $22.34 million activity. Friedman Stacey sold $214,019 worth of stock. 16,434 JPMorgan Chase & Co. (NYSE:JPM) shares with value of $1.84 million were sold by BACON ASHLEY. The insider Erdoes Mary E. sold 65,101 shares worth $7.31M. On Friday, January 19 the insider Scher Peter sold $3.01M. Another trade for 7,280 shares valued at $825,327 was made by CROWN JAMES S on Tuesday, January 16. $425,399 worth of JPMorgan Chase & Co. (NYSE:JPM) shares were sold by Giles Nicole.

Among 33 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 13 Hold. Therefore 55% are positive. JPMorgan Chase & Co had 110 analyst reports since July 21, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, January 17 by Keefe Bruyette & Woods. The firm has “Neutral” rating by Citigroup given on Friday, October 6. The firm has “Buy” rating by RBC Capital Markets given on Friday, August 18. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Outperform” rating by BMO Capital Markets on Thursday, April 14. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Neutral” rating by Macquarie Research on Friday, September 9. The rating was maintained by Wells Fargo with “Outperform” on Thursday, August 10. The rating was maintained by Bank of America on Friday, October 13 with “Buy”. The firm has “Buy” rating given on Friday, January 15 by Argus Research. The company was maintained on Friday, September 15 by Jefferies. On Friday, January 12 the stock rating was maintained by RBC Capital Markets with “Buy”.

Investors sentiment decreased to 0.81 in 2017 Q3. Its down 0.05, from 0.86 in 2017Q2. It dived, as 50 investors sold BA shares while 609 reduced holdings. 165 funds opened positions while 367 raised stakes. 411.79 million shares or 1.95% less from 419.99 million shares in 2017Q2 were reported. Clifford Swan Invest Counsel Limited Liability Company holds 95,703 shares. Barnett & has 456 shares. Bokf Na holds 59,966 shares. Jacobs Levy Equity Management Inc invested in 0.92% or 185,492 shares. Sabal Trust, a Florida-based fund reported 114,292 shares. Papp L Roy & Assoc owns 4,011 shares or 0.22% of their US portfolio. Sfe Invest Counsel holds 11,945 shares or 1.28% of its portfolio. First Bank holds 0.47% of its portfolio in The Boeing Company (NYSE:BA) for 10,911 shares. Fisher Asset Limited Liability Co accumulated 272,230 shares. The Tennessee-based Capwealth Advisors Ltd Liability Company has invested 2.72% in The Boeing Company (NYSE:BA). Charter Trust Co holds 10,539 shares or 0.32% of its portfolio. Markel owns 94,400 shares. Stonebridge Capital Mngmt holds 1.16% or 12,171 shares. Cohen Lawrence B stated it has 2,055 shares. Choate Invest, Massachusetts-based fund reported 4,470 shares.

Since February 8, 2018, it had 0 insider buys, and 1 sale for $12.17 million activity.

Among 25 analysts covering Boeing (NYSE:BA), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. Boeing had 103 analyst reports since August 26, 2015 according to SRatingsIntel. As per Thursday, April 28, the company rating was maintained by Argus Research. The rating was maintained by Credit Suisse with “Buy” on Thursday, February 1. The firm earned “Sell” rating on Friday, April 28 by Goldman Sachs. Citigroup maintained the shares of BA in report on Monday, September 19 with “Buy” rating. The firm earned “Buy” rating on Thursday, January 28 by Canaccord Genuity. The stock of The Boeing Company (NYSE:BA) has “Neutral” rating given on Friday, February 12 by JP Morgan. The firm has “Hold” rating by Standpoint Research given on Monday, November 2. The company was maintained on Tuesday, May 30 by Jefferies. The stock has “Buy” rating by Seaport Global on Wednesday, January 17. The rating was upgraded by JP Morgan to “Overweight” on Friday, July 14.

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By1 Marguerite Chambers

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