Jpmorgan Chase & Co (JPM) Stock Declined While Cortland Advisers Has Lowered Its Holding; As Boeing Co (BA) Market Valuation Rose, Community Financial Services Group Trimmed Its Stake by $3.03 Million

February 21, 2018 - By Marguerite Chambers

Community Financial Services Group Llc decreased its stake in Boeing Co (BA) by 22.98% based on its latest 2017Q3 regulatory filing with the SEC. Community Financial Services Group Llc sold 11,945 shares as the company’s stock rose 4.66% with the market. The institutional investor held 40,035 shares of the aerospace company at the end of 2017Q3, valued at $10.18 million, down from 51,980 at the end of the previous reported quarter. Community Financial Services Group Llc who had been investing in Boeing Co for a number of months, seems to be less bullish one the $210.69 billion market cap company. The stock increased 1.32% or $4.6701 during the last trading session, reaching $358.0201. About 2.35M shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since February 21, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Cortland Advisers Llc decreased its stake in Jpmorgan Chase & Co (JPM) by 2.72% based on its latest 2017Q3 regulatory filing with the SEC. Cortland Advisers Llc sold 38,440 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 1.37 million shares of the major banks company at the end of 2017Q3, valued at $131.18M, down from 1.41 million at the end of the previous reported quarter. Cortland Advisers Llc who had been investing in Jpmorgan Chase & Co for a number of months, seems to be less bullish one the $400.53B market cap company. The stock increased 1.95% or $2.24 during the last trading session, reaching $116.95. About 6.90M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since February 21, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

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

Community Financial Services Group Llc, which manages about $244.12 million US Long portfolio, upped its stake in Ishares (IUSG) by 8,774 shares to 208,159 shares, valued at $10.51M in 2017Q3, according to the filing.

Investors sentiment decreased to 0.81 in 2017 Q3. Its down 0.05, from 0.86 in 2017Q2. It turned negative, 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. Williams Jones & Ltd Liability holds 0.04% or 7,090 shares in its portfolio. Essex Inv Limited Liability invested 0.37% in The Boeing Company (NYSE:BA). North Star Investment Management invested in 8,821 shares. Hennessy Advsr invested in 0.29% or 36,650 shares. First Merchants has invested 0.12% in The Boeing Company (NYSE:BA). Stonebridge Inc holds 12,171 shares. Brookstone Cap Mgmt holds 2,240 shares. Westwood Mgmt Il has 7,000 shares. 2,260 are held by Regal Investment Advsr Lc. New Mexico Educational Retirement Board holds 0.63% or 51,795 shares. Richard Bernstein Advsr Limited Liability Company accumulated 24,957 shares or 0.44% of the stock. Neuberger Berman Grp Ltd Limited Liability Company holds 0.48% in The Boeing Company (NYSE:BA) or 1.52 million shares. Savant Capital Ltd Liability Com stated it has 0.43% in The Boeing Company (NYSE:BA). Nikko Asset Mngmt Americas Incorporated invested in 19,200 shares or 0.24% of the stock. Cullinan Inc reported 0.06% stake.

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. The rating was maintained by Jefferies with “Buy” on Friday, March 24. The stock has “Hold” rating by RBC Capital Markets on Tuesday, January 23. Canaccord Genuity maintained it with “Hold” rating and $245 target in Wednesday, October 18 report. Jefferies maintained The Boeing Company (NYSE:BA) rating on Monday, October 23. Jefferies has “Buy” rating and $300.0 target. The company was maintained on Friday, December 1 by Cowen & Co. The stock has “Buy” rating by Cowen & Co on Tuesday, June 13. The stock has “Buy” rating by Canaccord Genuity on Thursday, January 28. Cowen & Co maintained it with “Outperform” rating and $175 target in Thursday, September 17 report. The firm has “Buy” rating by Seaport Global given on Wednesday, January 17. The rating was maintained by RBC Capital Markets on Thursday, September 3 with “Sector Perform”.

Analysts await The Boeing Company (NYSE:BA) to report earnings on April, 25. They expect $2.73 EPS, up 35.82% or $0.72 from last year’s $2.01 per share. BA’s profit will be $1.61B for 32.79 P/E if the $2.73 EPS becomes a reality. After $4.80 actual EPS reported by The Boeing Company for the previous quarter, Wall Street now forecasts -43.13% negative EPS growth.

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 firm has “Hold” rating given on Tuesday, January 2 by Robert W. Baird. The firm has “Buy” rating by UBS given on Friday, February 5. The firm earned “Outperform” rating on Friday, April 28 by Vining Sparks. Barclays Capital maintained it with “Overweight” rating and $105 target in Friday, October 13 report. On Monday, January 18 the stock rating was upgraded by Atlantic Securities to “Overweight”. Jefferies maintained the shares of JPM in report on Tuesday, June 6 with “Buy” rating. BMO Capital Markets upgraded JPMorgan Chase & Co. (NYSE:JPM) on Wednesday, September 16 to “Outperform” rating. The rating was downgraded by Vetr to “Strong-Buy” on Friday, August 28. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The rating was maintained by Nomura on Friday, October 13 with “Neutral”.

Investors sentiment decreased to 0.91 in 2017 Q3. 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. Sirios Limited Partnership holds 2.53% in JPMorgan Chase & Co. (NYSE:JPM) or 506,482 shares. Independent Investors accumulated 61,255 shares or 2.43% of the stock. Plante Moran Fincl Lc reported 0.63% in JPMorgan Chase & Co. (NYSE:JPM). Monroe Bankshares Trust Mi invested in 0.5% or 17,032 shares. Colorado-based Icon Advisers Com has invested 0.5% in JPMorgan Chase & Co. (NYSE:JPM). Hall Laurie J Trustee reported 10,017 shares. Loring Wolcott & Coolidge Fiduciary Advsr Llp Ma, a Massachusetts-based fund reported 59,296 shares. Round Table Serv Ltd Liability Co has invested 0.31% in JPMorgan Chase & Co. (NYSE:JPM). Cypress Cap Management Lc (Wy) stated it has 0.63% in JPMorgan Chase & Co. (NYSE:JPM). Envestnet Asset Management Inc owns 807,289 shares for 0.18% of their portfolio. Buckingham Asset Llc owns 0.72% invested in JPMorgan Chase & Co. (NYSE:JPM) for 31,855 shares. Exchange Capital Mngmt reported 3.1% in JPMorgan Chase & Co. (NYSE:JPM). Davis Selected Advisers accumulated 12.75M shares. Nomura Incorporated has invested 0.06% in JPMorgan Chase & Co. (NYSE:JPM). Thematic Prtnrs Ltd Liability Company reported 1.82% 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 also sold $902,608 worth of JPMorgan Chase & Co. (NYSE:JPM) shares. Giles Nicole had sold 3,783 shares worth $425,399 on Saturday, January 13. Shares for $1.84 million were sold by BACON ASHLEY. Scher Peter also sold $1.91M worth of JPMorgan Chase & Co. (NYSE:JPM) shares. Petno Douglas B had sold 48,344 shares worth $5.43M. $1.03M worth of stock was sold by Lake Marianne on Saturday, January 13.

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By1 Marguerite Chambers

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