Celgene Com (CELG) Position Upped by Legacy Capital Partners Inc; As Jpmorgan Chase & Co (JPM) Market Valuation Declined, Rafferty Asset Management Lifted Its Position

February 19, 2018 - By Hazel Jackson

Rafferty Asset Management Llc increased its stake in Jpmorgan Chase & Co (JPM) by 12.62% based on its latest 2017Q3 regulatory filing with the SEC. Rafferty Asset Management Llc bought 66,352 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 591,968 shares of the major banks company at the end of 2017Q3, valued at $56.54M, up from 525,616 at the end of the previous reported quarter. Rafferty Asset Management Llc 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 13.21M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since February 19, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

Legacy Capital Partners Inc increased its stake in Celgene Corp Com (CELG) by 7.07% based on its latest 2017Q3 regulatory filing with the SEC. Legacy Capital Partners Inc bought 2,086 shares as the company’s stock declined 3.49% while stock markets rallied. The institutional investor held 31,606 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $4.61 million, up from 29,520 at the end of the previous reported quarter. Legacy Capital Partners Inc who had been investing in Celgene Corp Com for a number of months, seems to be bullish on the $71.65 billion market cap company. The stock decreased 0.92% or $0.88 during the last trading session, reaching $95.26. About 5.78M shares traded. Celgene Corporation (NASDAQ:CELG) has risen 17.00% since February 19, 2017 and is uptrending. It has outperformed by 0.30% the S&P500.




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 “Buy” rating given on Wednesday, January 17 by Wells Fargo. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, June 1. The company was upgraded on Thursday, January 4 by Credit Suisse. The company was maintained on Thursday, July 6 by Goldman Sachs. Oppenheimer maintained the shares of JPM in report on Thursday, July 20 with “Hold” rating. The firm earned “Buy” rating on Wednesday, October 7 by Jefferies. The stock has “Hold” rating by Robert W. Baird on Wednesday, September 20. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Overweight” rating given on Friday, January 15 by Atlantic Securities. The stock has “Buy” rating by Jefferies on Wednesday, February 24. The firm has “Hold” rating by Credit Suisse given on Thursday, January 11.

Rafferty Asset Management Llc, which manages about $7.35B and $4.46B US Long portfolio, decreased its stake in Discover Finl Svcs (NYSE:DFS) by 78,286 shares to 62,039 shares, valued at $4.00 million in 2017Q3, according to the filing. It also reduced its holding in Viacom Inc New (NASDAQ:VIAB) by 92,375 shares in the quarter, leaving it with 56,505 shares, and cut its stake in Allstate Corp (NYSE:ALL).

Since August 21, 2017, it had 1 buy, and 9 selling transactions for $22.34 million activity. 65,101 shares were sold by Erdoes Mary E., worth $7.31M. 7,280 shares valued at $825,327 were bought by CROWN JAMES S on Tuesday, January 16. 9,194 shares were sold by Lake Marianne, worth $1.03 million on Saturday, January 13. The insider Scher Peter sold 17,057 shares worth $1.91M. The insider Petno Douglas B sold $5.43M. On Saturday, January 13 Giles Nicole sold $425,399 worth of JPMorgan Chase & Co. (NYSE:JPM) or 3,783 shares.

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. Ibm Retirement Fund reported 1.69% stake. Grand Jean Cap stated it has 0.95% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Taurus Asset Ltd Liability Com owns 208,330 shares. Cornercap Inv Counsel holds 0.72% or 53,644 shares in its portfolio. New York-based 683 Capital Mngmt Llc has invested 0.2% in JPMorgan Chase & Co. (NYSE:JPM). Verity And Verity Lc invested 2.76% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Howard Mngmt owns 145,081 shares. Punch & Assocs Inv Management owns 74,889 shares for 0.63% of their portfolio. Indiana And Inv Mgmt owns 41,407 shares for 1.91% of their portfolio. Banced Corporation invested in 2.24% or 13,513 shares. Provident Investment Management holds 0.09% or 5,861 shares. Alphamark Advsr Lc, a Kentucky-based fund reported 993 shares. Burns J W & Com Ny has 66,649 shares. American Fincl Bank owns 59,599 shares or 1.7% of their US portfolio. 7.33M are held by Mitsubishi Ufj Tru & Bk.

Since September 5, 2017, it had 1 insider buy, and 3 insider sales for $2.54 million activity. Shares for $248,498 were sold by Curran Terrie on Monday, September 25. Shares for $299,594 were bought by Alles Mark J on Thursday, February 8. Shares for $1.29M were sold by CASEY MICHAEL D on Tuesday, September 5.

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.




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 Posts