Texas Capital Bancshares Has Lifted Jp Morgan Chase & Co (JPM) Holding; Skylands Capital Position in Blackrock (BLK) Cut as Valuation Rose

February 15, 2018 - By Peter Mason

Texas Capital Bancshares Inc increased its stake in Jp Morgan Chase & Co (JPM) by 64.7% based on its latest 2017Q3 regulatory filing with the SEC. Texas Capital Bancshares Inc bought 3,215 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 8,184 shares of the major banks company at the end of 2017Q3, valued at $781,000, up from 4,969 at the end of the previous reported quarter. Texas Capital Bancshares Inc who had been investing in Jp Morgan Chase & Co for a number of months, seems to be bullish on the $394.34B market cap company. The stock increased 0.10% or $0.11 during the last trading session, reaching $115.14. About 6.84M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since February 15, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

Charles Paquelet decreased its stake in Blackrock Inc (BLK) by 39.68% based on its latest 2017Q3 regulatory filing with the SEC. Skylands Capital Llc sold 4,900 shares as the company’s stock rose 1.17% with the market. The hedge fund run by Charles Paquelet held 7,450 shares of the finance company at the end of 2017Q3, valued at $3.33M, down from 12,350 at the end of the previous reported quarter. Skylands Capital Llc who had been investing in Blackrock Inc for a number of months, seems to be less bullish one the $86.45B market cap company. The stock decreased 0.80% or $4.3 during the last trading session, reaching $535.64. About 320,423 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since February 15, 2017 and is uptrending. It has underperformed by 4.51% the S&P500.

Since August 21, 2017, it had 1 buy, and 10 insider sales for $23.24 million activity. $1.84M worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by BACON ASHLEY on Saturday, January 13. Shares for $1.03 million were sold by Lake Marianne on Saturday, January 13. Another trade for 7,280 shares valued at $825,327 was made by CROWN JAMES S on Tuesday, January 16. Another trade for 9,968 shares valued at $902,608 was made by Friedman Stacey on Monday, August 21. Petno Douglas B sold 48,344 shares worth $5.43 million. $425,399 worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Giles Nicole on Saturday, January 13.

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. As per Tuesday, July 21, the company rating was maintained by Jefferies. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Neutral” rating by Citigroup on Friday, October 6. The firm earned “Buy” rating on Friday, February 5 by UBS. The stock has “Buy” rating by Guggenheim on Wednesday, April 26. The company was maintained on Friday, October 13 by Bank of America. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Buy” rating given on Friday, January 12 by Bank of America. The stock has “Hold” rating by BMO Capital Markets on Friday, July 14. The stock has “Overweight” rating by Barclays Capital on Friday, October 13. BMO Capital Markets maintained it with “Hold” rating and $110.0 target in Friday, January 12 report. Portales Partners downgraded JPMorgan Chase & Co. (NYSE:JPM) on Monday, February 22 to “Underperform” rating.

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.28, from 1.19 in 2017Q2. It worsened, 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. Miller Management Ltd Partnership has 11,000 shares. Hanson Mcclain invested in 0.02% or 2,143 shares. Westpac Bk Corp owns 486,430 shares. Cadence Savings Bank Na reported 53,255 shares stake. Voya Investment Management Ltd Liability Com reported 1.06% stake. Lansdowne (Uk) Llp accumulated 19.96 million shares. Glg Partners Lp holds 0.05% or 9,457 shares. Moreover, Snow Cap Mgmt LP has 3.52% invested in JPMorgan Chase & Co. (NYSE:JPM) for 762,126 shares. Franklin Street Advisors Inc Nc holds 159,097 shares. Churchill Mngmt holds 0.04% or 15,414 shares in its portfolio. Hermes Investment Limited owns 193,030 shares. Ledyard Bank has 0.15% invested in JPMorgan Chase & Co. (NYSE:JPM). Umb Natl Bank N A Mo stated it has 443,542 shares. Bb&T Corp owns 226,858 shares for 0.42% of their portfolio. Northern Mgmt Ltd Com reported 50,422 shares stake.

Among 18 analysts covering BlackRock (NYSE:BLK), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. BlackRock had 82 analyst reports since August 26, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Buy” rating in Friday, January 8 report. Credit Suisse maintained BlackRock, Inc. (NYSE:BLK) rating on Tuesday, July 18. Credit Suisse has “Outperform” rating and $534 target. The rating was maintained by Keefe Bruyette & Woods on Friday, September 15 with “Hold”. The stock of BlackRock, Inc. (NYSE:BLK) earned “Buy” rating by Deutsche Bank on Friday, July 15. RBC Capital Markets maintained it with “Outperform” rating and $367 target in Thursday, January 21 report. The company was maintained on Monday, September 25 by Jefferies. The rating was maintained by Barclays Capital on Wednesday, August 24 with “Equal-Weight”. The stock has “Equal-Weight” rating by Barclays Capital on Tuesday, August 9. The firm has “Hold” rating given on Wednesday, January 10 by Jefferies. The stock of BlackRock, Inc. (NYSE:BLK) earned “Buy” rating by Deutsche Bank on Thursday, March 17.

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.10, from 1.28 in 2017Q2. It improved, as 27 investors sold BLK shares while 287 reduced holdings. 103 funds opened positions while 331 raised stakes. 130.57 million shares or 0.55% more from 129.86 million shares in 2017Q2 were reported. Wharton Business Ltd Company holds 0.03% or 538 shares. Beck Mack And Oliver Limited Com owns 495 shares for 0.01% of their portfolio. Dowling Yahnke Limited Liability invested in 0.24% or 5,288 shares. 15,969 were accumulated by Patriot Wealth Mngmt Inc. Btc Capital Mgmt holds 20,846 shares or 1.67% of its portfolio. Cadence Capital Mngmt Limited Liability Co has 0.34% invested in BlackRock, Inc. (NYSE:BLK). Old Second Bancorporation Of Aurora has 12,358 shares. Covenant Multifamily Offices Ltd Co owns 6,858 shares for 2.05% of their portfolio. Cleararc Cap holds 3,189 shares. Putnam Fl Inv Management Co has invested 2.17% of its portfolio in BlackRock, Inc. (NYSE:BLK). Private Wealth Prns Ltd Limited Liability Company, California-based fund reported 9,253 shares. Arrowgrass Cap Prtnrs (Us) Limited Partnership invested in 72,460 shares. Kanawha Cap Ltd Liability owns 2,388 shares for 0.16% of their portfolio. Alley Limited Company owns 15,635 shares or 2.54% of their US portfolio. 60,137 are owned by Retirement Sys Of Alabama.

Skylands Capital Llc, which manages about $986.41M and $752.20M US Long portfolio, upped its stake in Ishares Tr (IWM) by 2,100 shares to 3,000 shares, valued at $445,000 in 2017Q3, according to the filing. It also increased its holding in Century Cmntys Inc (NYSE:CCS) by 13,700 shares in the quarter, for a total of 142,800 shares, and has risen its stake in Franklin Finl Network Inc.

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By1 Peter Mason

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