Corecommodity Management Holds Stake in Iamgold (IAG); Old National Bancorp Has Lowered Its Johnson & Johnson (JNJ) Stake by $1.88 Million

June 5, 2018 - By Maria Brooks

IAMGOLD Corporation (NYSE:IAG) Logo

Corecommodity Management Llc increased its stake in Iamgold Corp (IAG) by 481.4% based on its latest 2018Q1 regulatory filing with the SEC. Corecommodity Management Llc bought 102,596 shares as the company’s stock rose 14.92% while stock markets declined. The institutional investor held 123,908 shares of the precious metals company at the end of 2018Q1, valued at $643,000, up from 21,312 at the end of the previous reported quarter. Corecommodity Management Llc who had been investing in Iamgold Corp for a number of months, seems to be bullish on the $2.87B market cap company. The stock increased 0.41% or $0.025 during the last trading session, reaching $6.185. About 183,062 shares traded. IAMGOLD Corporation (NYSE:IAG) has risen 43.12% since June 5, 2017 and is uptrending. It has outperformed by 30.55% the S&P500.




Old National Bancorp decreased its stake in Johnson & Johnson (JNJ) by 8.8% based on its latest 2018Q1 regulatory filing with the SEC. Old National Bancorp sold 14,704 shares as the company’s stock declined 8.03% with the market. The institutional investor held 152,296 shares of the major pharmaceuticals company at the end of 2018Q1, valued at $19.52 million, down from 167,000 at the end of the previous reported quarter. Old National Bancorp who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $327.17B market cap company. The stock increased 0.02% or $0.03 during the last trading session, reaching $121.98. About 417,774 shares traded. Johnson & Johnson (NYSE:JNJ) has declined 4.75% since June 5, 2017 and is downtrending. It has underperformed by 17.32% the S&P500.

More important recent IAMGOLD Corporation (NYSE:IAG) news were published by: Seekingalpha.com which released: “IAMGOLD +6% following strong Q1 results” on May 07, 2018, also Investingnews.com published article titled: “Quebec’s Cadillac Gold Trend”, Seekingalpha.com published: “Iamgold: What To Do Now” on May 17, 2018. More interesting news about IAMGOLD Corporation (NYSE:IAG) was released by: Seekingalpha.com and their article: “Iamgold – A Solid Quarter Makes Us All Happy” with publication date: May 10, 2018.

Corecommodity Management Llc, which manages about $5.19 billion and $132.43M US Long portfolio, decreased its stake in Posco (NYSE:PKX) by 7,697 shares to 4,453 shares, valued at $351,000 in 2018Q1, according to the filing. It also reduced its holding in Technipfmc Plc by 28,722 shares in the quarter, leaving it with 14,413 shares, and cut its stake in Cnooc Ltd (NYSE:CEO).

Among 14 analysts covering Iamgold Corp (NYSE:IAG), 4 have Buy rating, 3 Sell and 7 Hold. Therefore 29% are positive. Iamgold Corp had 46 analyst reports since July 24, 2015 according to SRatingsIntel. Paradigm Research upgraded the shares of IAG in report on Monday, July 18 to “Buy” rating. IBC upgraded the shares of IAG in report on Monday, June 27 to “Sector Performer” rating. Credit Suisse upgraded the shares of IAG in report on Wednesday, May 10 to “Neutral” rating. The stock has “Sell” rating by Canaccord Genuity on Wednesday, October 21. The firm has “Hold” rating by RBC Capital Markets given on Monday, June 5. The firm has “Underperform” rating given on Friday, January 13 by Credit Suisse. The stock of IAMGOLD Corporation (NYSE:IAG) earned “Hold” rating by RBC Capital Markets on Tuesday, October 17. On Thursday, June 15 the stock rating was maintained by Raymond James with “Market Perform”. The firm has “Outperformer” rating given on Wednesday, September 6 by IBC. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, June 6.

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on July, 17. They expect $2.06 earnings per share, up 12.57% or $0.23 from last year’s $1.83 per share. JNJ’s profit will be $5.53 billion for 14.80 P/E if the $2.06 EPS becomes a reality. After $2.06 actual earnings per share reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since February 15, 2018, it had 0 buys, and 1 insider sale for $20.17 million activity.

Old National Bancorp, which manages about $1.90 billion US Long portfolio, upped its stake in Ishares Tr (IVV) by 1,891 shares to 176,114 shares, valued at $46.74M in 2018Q1, according to the filing. It also increased its holding in Salesforce Com Inc (NYSE:CRM) by 35,949 shares in the quarter, for a total of 59,109 shares, and has risen its stake in Adobe Sys Inc (NASDAQ:ADBE).

More notable recent Johnson & Johnson (NYSE:JNJ) news were published by: Finance.Yahoo.com which released: “Johnson & Johnson Stock Looks Attractive on the Big Dip” on May 10, 2018, also Seekingalpha.com with their article: “Johnson & Johnson: Waiting On The Wave” published on May 11, 2018, Livetradingnews.com published: “Johnson & Johnson (NYSE:JNJ) Stock Worth Watching” on June 04, 2018. More interesting news about Johnson & Johnson (NYSE:JNJ) were released by: Seekingalpha.com and their article: “How Do You Feel About Johnson & Johnson?: Part IV – Today’s Editors’ Picks” published on June 01, 2018 as well as Seekingalpha.com‘s news article titled: “My Dividend Growth Portfolio – 45 Holdings, 4 Buys, 1 Sell” with publication date: June 05, 2018.

Johnson & Johnson (NYSE:JNJ) Institutional Positions Chart

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