Jupiter Asset Management LTD Lowered Jpmorgan Chase & Co (JPM) Position as Stock Declined; Lakewood Capital Management LP Cut Its Triple (GTS) Stake as Shares Declined

February 22, 2018 - By Adrian Erickson

Jupiter Asset Management Ltd decreased its stake in Jpmorgan Chase & Co (JPM) by 23.24% based on its latest 2017Q3 regulatory filing with the SEC. Jupiter Asset Management Ltd sold 200,590 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 662,652 shares of the major banks company at the end of 2017Q3, valued at $63.29 million, down from 863,242 at the end of the previous reported quarter. Jupiter Asset Management Ltd who had been investing in Jpmorgan Chase & Co for a number of months, seems to be less bullish one the $393.38B market cap company. The stock decreased 0.29% or $0.33 during the last trading session, reaching $114.86. About 13.54 million shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since February 22, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

Anthony Bozza decreased its stake in Triple (GTS) by 23.65% based on its latest 2017Q3 regulatory filing with the SEC. Lakewood Capital Management Lp sold 246,735 shares as the company’s stock declined 11.51% while stock markets rallied. The hedge fund run by Anthony Bozza held 796,498 shares of the accident &health insurance company at the end of 2017Q3, valued at $18.86 million, down from 1.04M at the end of the previous reported quarter. Lakewood Capital Management Lp who had been investing in Triple for a number of months, seems to be less bullish one the $598.96 million market cap company. The stock increased 0.18% or $0.045 during the last trading session, reaching $25.405. About 130,868 shares traded or 7.32% up from the average. Triple-S Management Corporation (NYSE:GTS) has declined 25.70% since February 22, 2017 and is downtrending. It has underperformed by 42.40% the S&P500.




Since September 13, 2017, it had 0 insider purchases, and 2 insider sales for $32,957 activity.

Analysts await Triple-S Management Corporation (NYSE:GTS) to report earnings on March, 1 before the open. They expect $0.27 EPS, up 92.86% or $0.13 from last year’s $0.14 per share. GTS’s profit will be $6.37 million for 23.52 P/E if the $0.27 EPS becomes a reality. After $0.77 actual EPS reported by Triple-S Management Corporation for the previous quarter, Wall Street now forecasts -64.94% negative EPS growth.

Lakewood Capital Management Lp, which manages about $2.77B US Long portfolio, upped its stake in Cit Group Inc (NYSE:CIT) by 595,000 shares to 4.29M shares, valued at $210.52M in 2017Q3, according to the filing. It also increased its holding in Hca Healthcare Inc (NYSE:HCA) by 193,000 shares in the quarter, for a total of 2.08 million shares, and has risen its stake in Ally Finl Inc (NYSE:ALLY).

Investors sentiment increased to 2.06 in 2017 Q3. Its up 1.15, from 0.91 in 2017Q2. It is positive, as 8 investors sold GTS shares while 25 reduced holdings. 31 funds opened positions while 37 raised stakes. 20.03 million shares or 2.77% more from 19.49 million shares in 2017Q2 were reported. Robeco Institutional Asset Bv accumulated 89,414 shares. Moreover, Lakewood Mngmt Ltd Partnership has 0.68% invested in Triple-S Management Corporation (NYSE:GTS). Swiss State Bank has 0% invested in Triple-S Management Corporation (NYSE:GTS). New York-based Goldman Sachs has invested 0% in Triple-S Management Corporation (NYSE:GTS). Royal Bank & Trust Of Canada owns 26,481 shares for 0% of their portfolio. Moreover, Nine Chapters Management Limited Liability Company has 0.46% invested in Triple-S Management Corporation (NYSE:GTS). Century stated it has 0% in Triple-S Management Corporation (NYSE:GTS). Bank Of Montreal Can reported 32,495 shares stake. Thrivent Fincl For Lutherans holds 154,257 shares or 0.01% of its portfolio. Smith Asset Mgmt Gru Ltd Partnership invested in 0.01% or 8,200 shares. Prelude Capital Management Limited Liability has invested 0.01% in Triple-S Management Corporation (NYSE:GTS). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest has 0.01% invested in Triple-S Management Corporation (NYSE:GTS) for 39,100 shares. Bogle Inv Ltd Partnership De stated it has 0.15% in Triple-S Management Corporation (NYSE:GTS). Sei Invests owns 3,508 shares. Sg Americas Securities Limited Liability Company, New York-based fund reported 6,247 shares.

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 111 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, August 23. The firm earned “Neutral” rating on Friday, October 6 by Citigroup. As per Tuesday, August 16, the company rating was downgraded by Bernstein. BMO Capital Markets upgraded the shares of JPM in report on Wednesday, September 16 to “Outperform” rating. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Buy” rating given on Thursday, June 15 by RBC Capital Markets. Credit Suisse downgraded JPMorgan Chase & Co. (NYSE:JPM) rating on Thursday, January 11. Credit Suisse has “Hold” rating and $120.0 target. The firm has “Hold” rating given on Friday, July 14 by Keefe Bruyette & Woods. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Buy” rating given on Thursday, December 21 by Buckingham Research. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Neutral” rating by Nomura on Monday, January 25. Credit Suisse maintained the stock with “Buy” rating in Monday, October 9 report.

Investors sentiment decreased to 0.91 in Q3 2017. 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. 77,864 were accumulated by D L Carlson Invest Gru. Sei Invests accumulated 0.71% or 2.09M shares. 79,981 were accumulated by Advisor Ptnrs Ltd Liability. Seizert Lc, a Michigan-based fund reported 525,101 shares. Train Babcock Advisors Ltd Liability Corporation owns 3,115 shares for 0.17% of their portfolio. Brown Advisory Securities Limited Co stated it has 1.26% in JPMorgan Chase & Co. (NYSE:JPM). Wealthtrust Axiom Ltd Liability holds 4,802 shares. Cohen & Steers Inc holds 0.08% in JPMorgan Chase & Co. (NYSE:JPM) or 300,814 shares. Mitsubishi Ufj Secs Com Ltd has invested 0.92% in JPMorgan Chase & Co. (NYSE:JPM). Mark Asset owns 76,986 shares or 1.6% of their US portfolio. Essex reported 66,405 shares. Quinn Opportunity Partners Limited Liability Co accumulated 160,000 shares or 2.4% of the stock. Moreover, Bingham Osborn & Scarborough Ltd Co has 0.07% invested in JPMorgan Chase & Co. (NYSE:JPM). Kemper Master Retirement has invested 3.03% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Blue stated it has 19,453 shares.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on April, 12. They expect $2.23 EPS, up 35.15% or $0.58 from last year’s $1.65 per share. JPM’s profit will be $7.64B for 12.88 P/E if the $2.23 EPS becomes a reality. After $1.76 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts 26.70% EPS growth.

Jupiter Asset Management Ltd, which manages about $2.93B US Long portfolio, upped its stake in Wabtec Corp (NYSE:WAB) by 22,275 shares to 172,954 shares, valued at $13.10 million in 2017Q3, according to the filing. It also increased its holding in China Biologic Prods Inc (NASDAQ:CBPO) by 119,281 shares in the quarter, for a total of 162,950 shares, and has risen its stake in Ralph Lauren Corp (NYSE:RL).

Since October 25, 2017, it had 1 insider buy, and 9 insider sales for $22.34 million activity. Petno Douglas B also sold $5.43M worth of JPMorgan Chase & Co. (NYSE:JPM) on Saturday, January 13. On Friday, January 19 the insider Scher Peter sold $3.01 million. Giles Nicole sold $425,399 worth of stock or 3,783 shares. $214,019 worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Friedman Stacey on Wednesday, October 25. The insider CROWN JAMES S bought 7,280 shares worth $825,327. Another trade for 65,101 shares valued at $7.31 million was made by Erdoes Mary E. on Saturday, January 13.

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