As South Jersey Industries (SJI) Market Valuation Rose, Holder Vaughan David Investments Has Increased Holding; As Jpmorgan Chase And Co (JPM) Market Valuation Declined, Capital International Decreased Position

June 14, 2018 - By Vivian Currie

JPMorgan Chase & Co. (NYSE:JPM) Logo

Capital International Inc decreased its stake in Jpmorgan Chase And Co (JPM) by 10.97% based on its latest 2018Q1 regulatory filing with the SEC. Capital International Inc sold 3,825 shares as the company’s stock declined 6.83% with the market. The institutional investor held 31,052 shares of the major banks company at the end of 2018Q1, valued at $3.42M, down from 34,877 at the end of the previous reported quarter. Capital International Inc who had been investing in Jpmorgan Chase And Co for a number of months, seems to be less bullish one the $367.77 billion market cap company. The stock decreased 1.76% or $1.94 during the last trading session, reaching $108.03. About 20.19 million shares traded or 40.07% up from the average. JPMorgan Chase & Co. (NYSE:JPM) has risen 29.65% since June 14, 2017 and is uptrending. It has outperformed by 17.08% the S&P500. Some Historical JPM News: 15/05/2018 – Model N Presenting at JPMorgan Conference Tomorrow; 02/04/2018 – Patricof’s Firm, Backed by JPMorgan, to Cater to Sports Figures; 15/05/2018 – JPMORGAN CHASE & CO – CREDIT CARD DELINQUENCY RATE 1.17 PCT AT APRIL END VS 1.22 PCT AT MARCH END; 24/05/2018 – JPMorgan Ultra-Short Income ETF Forms Golden Cross: Technicals; 28/05/2018 – JPMorgan Global Monetary Policy Forecasts as of May 25 (Table); 09/03/2018 – JPMORGAN MAY BE ADVISING ASPEN AS A DEFENSE: INSURANCE INSIDER; 29/05/2018 – JPMORGAN CIB CO-PRESIDENT PINTO SPEAKS AT DEUTSCHE BANK CONF; 14/03/2018 – Airline caterer Gategroup opens books for IPO of up to $2.8 bln; 15/03/2018 – HIKMA PHARMACEUTICALS PLC HIK.L : JP MORGAN RAISES TARGET PRICE TO 1050P FROM 1000P; 14/05/2018 – Wayfair Presenting at JPMorgan Conference Tomorrow

Vaughan David Investments Inc increased its stake in South Jersey Industries (SJI) by 4.74% based on its latest 2018Q1 regulatory filing with the SEC. Vaughan David Investments Inc bought 25,785 shares as the company’s stock rose 19.92% while stock markets declined. The institutional investor held 570,181 shares of the public utilities company at the end of 2018Q1, valued at $16.06 million, up from 544,396 at the end of the previous reported quarter. Vaughan David Investments Inc who had been investing in South Jersey Industries for a number of months, seems to be bullish on the $2.64B market cap company. The stock increased 1.64% or $0.49 during the last trading session, reaching $30.34. About 1.44M shares traded or 51.96% up from the average. South Jersey Industries, Inc. (NYSE:SJI) has declined 8.59% since June 14, 2017 and is downtrending. It has underperformed by 21.16% the S&P500. Some Historical SJI News: 07/05/2018 – SOUTH JERSEY INDUSTRIES 1Q ECONOMIC EPS $1.26, EST. 93C; 18/04/2018 – South Jersey Industries Volume Surges Almost 13 Times Average; 07/05/2018 – SOUTH JERSEY INDUSTRIES REAFFIRMS ’18 ECONOMIC EARNINGS VIEW; 29/05/2018 – MFS New Discovery Value Fund Adds South Jersey Industries; 17/04/2018 – SOUTH JERSEY INDUSTRIES TO OFFER UP TO $325M OF SHRS; 14/05/2018 – REG-South Jersey Industries Declares Quarterly Dividend; 17/04/2018 – SOUTH JERSEY INDUSTRIES INC SJI.N – COMPANY EXPECTS TO ENTER INTO A FORWARD SALE AGREEMENT WITH AN AFFILIATE OF BOFA MERRILL LYNCH; 27/04/2018 – SOUTH JERSEY INDUSTRIES – ON APRIL 25, CO ENTERED NOTE PURCHASE AGREEMENT PROVIDING FOR ISSUANCE BY CO OF $250 MLN OF SENIOR UNSECURED NOTES; 18/04/2018 – SOUTH JERSEY INDUSTRIES OFFERINGS PRICES AT $29.50/SHR; 07/05/2018 – SOUTH JERSEY INDUSTRIES INC – REAFFIRMING 2018 ECONOMIC EARNINGS GUIDANCE OF $1.57 TO $1.65 PER DILUTED SHARE

Vaughan David Investments Inc, which manages about $1.81 billion and $2.11 billion US Long portfolio, decreased its stake in Caterpillar Inc (NYSE:CAT) by 10,960 shares to 41,865 shares, valued at $6.17M in 2018Q1, according to the filing. It also reduced its holding in Blackrock Inc (NYSE:BLK) by 898 shares in the quarter, leaving it with 50,602 shares, and cut its stake in 3M Company (NYSE:MMM).

Investors sentiment decreased to 1.23 in 2018 Q1. Its down 0.22, from 1.45 in 2017Q4. It worsened, as 25 investors sold SJI shares while 48 reduced holdings. 21 funds opened positions while 69 raised stakes. 58.61 million shares or 6.09% more from 55.25 million shares in 2017Q4 were reported. Bragg holds 0.23% of its portfolio in South Jersey Industries, Inc. (NYSE:SJI) for 56,651 shares. Mason Street Advisors Ltd Liability stated it has 22,081 shares. Miles invested in 10,354 shares or 0.16% of the stock. Piedmont Inv Advisors Limited Company holds 0.01% or 17,013 shares. 2.16M were reported by Price T Rowe Associates Md. Automobile Association holds 0% of its portfolio in South Jersey Industries, Inc. (NYSE:SJI) for 12,485 shares. Cubist Systematic Strategies Limited Liability Co reported 3,993 shares. Goldman Sachs Gru Incorporated holds 0.02% or 3.06M shares in its portfolio. Sg Americas Limited Liability Corporation reported 0.01% of its portfolio in South Jersey Industries, Inc. (NYSE:SJI). State Board Of Administration Of Florida Retirement System stated it has 41,903 shares or 0% of all its holdings. Hotchkis And Wiley Cap Mgmt Ltd Limited Liability Company reported 30,752 shares. Moreover, Swiss Fincl Bank has 0% invested in South Jersey Industries, Inc. (NYSE:SJI) for 138,509 shares. Court Place Ltd Co has 7,300 shares. Renaissance Ltd Liability Com reported 1.03M shares stake. Principal Group owns 618,532 shares.

Another recent and important South Jersey Industries, Inc. (NYSE:SJI) news was published by Globenewswire.com which published an article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within South Jersey Industries, SITO Mobile, Ormat …” on May 21, 2018.

Among 7 analysts covering South Jersey Industries (NYSE:SJI), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. South Jersey Industries had 28 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, September 8. The company was upgraded on Tuesday, August 8 by Janney Capital. JP Morgan maintained the stock with “Neutral” rating in Thursday, January 25 report. The firm earned “Buy” rating on Monday, July 17 by Williams Capital Group. The rating was downgraded by Janney Capital to “Neutral” on Tuesday, June 28. The stock of South Jersey Industries, Inc. (NYSE:SJI) earned “Hold” rating by Sidoti on Monday, January 8. Hilliard Lyons downgraded South Jersey Industries, Inc. (NYSE:SJI) on Monday, January 22 to “Hold” rating. The firm earned “Long-Term Buy” rating on Wednesday, March 15 by Hilliard Lyons. The company was maintained on Thursday, October 12 by JP Morgan. As per Tuesday, April 10, the company rating was maintained by JP Morgan.

Since May 24, 2018, it had 1 buying transaction, and 0 sales for $6,603 activity.

Among 34 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 14 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 120 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by UBS given on Wednesday, January 11. Wells Fargo maintained it with “Outperform” rating and $110 target in Thursday, August 10 report. Argus Research maintained the shares of JPM in report on Wednesday, October 14 with “Buy” rating. Jefferies maintained it with “Buy” rating and $71 target in Wednesday, October 7 report. The firm has “Buy” rating given on Wednesday, January 17 by Wells Fargo. The firm earned “Buy” rating on Wednesday, August 12 by Deutsche Bank. The firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The firm has “Hold” rating by Oppenheimer given on Thursday, July 20. The firm has “Buy” rating given on Friday, July 7 by Jefferies. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Hold” rating by BMO Capital Markets on Friday, January 12.

Since January 13, 2018, it had 3 insider purchases, and 8 sales for $18.63 million activity. Scher Peter had sold 26,532 shares worth $3.01M on Friday, January 19. $1.03M worth of stock was sold by Lake Marianne on Saturday, January 13. HOBSON MELLODY L bought $2.00M worth of JPMorgan Chase & Co. (NYSE:JPM) on Monday, April 16. 13,000 shares valued at $1.49M were bought by Combs Todd A. on Monday, May 14. 65,101 shares valued at $7.31 million were sold by Erdoes Mary E. on Saturday, January 13. Another trade for 16,434 shares valued at $1.84 million was made by BACON ASHLEY on Saturday, January 13.

Capital International Inc, which manages about $18.21 billion and $691.77M US Long portfolio, upped its stake in Activision Blizzard Inc (NASDAQ:ATVI) by 6,900 shares to 12,600 shares, valued at $850,000 in 2018Q1, according to the filing. It also increased its holding in Nasdaq Inc (NASDAQ:NDAQ) by 11,150 shares in the quarter, for a total of 14,050 shares, and has risen its stake in Edison International (NYSE:EIX).

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.07, from 0.88 in 2017Q4. It worsened, as 52 investors sold JPM shares while 843 reduced holdings. 132 funds opened positions while 596 raised stakes. 2.39 billion shares or 2.61% less from 2.46 billion shares in 2017Q4 were reported. Kenmare Ptnrs Ltd reported 29,922 shares. Evanson Asset Mngmt Limited Com owns 7,047 shares for 0.16% of their portfolio. Azimuth Capital Mgmt Llc reported 1.48% in JPMorgan Chase & Co. (NYSE:JPM). Beach Management Ltd Co owns 33,590 shares for 5.98% of their portfolio. Wagner Bowman Mngmt reported 14,961 shares stake. M&T State Bank, a New York-based fund reported 2.18M shares. Atria Ltd holds 46,591 shares. Kidder Stephen W has invested 0.16% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Iat Reinsurance Limited stated it has 14,155 shares or 0.24% of all its holdings. Cortland Advisers Ltd Limited Liability Company stated it has 1.43 million shares or 7.21% of all its holdings. Camelot Portfolios Lc holds 2,888 shares or 0.15% of its portfolio. Perigon Wealth Mgmt Ltd Liability accumulated 28,135 shares. 132,145 are owned by Cohen Capital Management Inc. The New York-based Fny Managed Accounts Limited Liability Co has invested 0% in JPMorgan Chase & Co. (NYSE:JPM). Summit Equities, New Jersey-based fund reported 5,595 shares.

South Jersey Industries, Inc. (NYSE:SJI) Institutional Positions Chart

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