First Trust Exchange Traded AlphaDEX Fund II (FGM) Is At $48.30 Formed Wedge; Highland Capital Management Has Trimmed Jp Morgan Chase & Co (JPM) Holding By $514,514

November 14, 2017 - By Dolores Ford

Highland Capital Management Llc decreased Jp Morgan Chase & Co (JPM) stake by 1.62% reported in 2017Q2 SEC filing. Highland Capital Management Llc sold 5,654 shares as Jp Morgan Chase & Co (JPM)’s stock

declined 6.04%. The Highland Capital Management Llc holds 343,509 shares with $31.40 million value, down from 349,163 last quarter. Jp Morgan Chase & Co now has $339.55B valuation. The stock declined 0.35% or $0.34 reaching $97.52 per share. About 2,435 shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since November 14, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.

First Trust Exchange Traded AlphaDEX Fund II (FGM) formed wedge up with $51.20 target or 6.00% above today’s $48.30 share price. First Trust Exchange Traded AlphaDEX Fund II (FGM) has $222.41 million valuation. The stock decreased 0.10% or $0.05 on November 13, reaching $48.3. About shares traded. First Trust Exchange Traded AlphaDEX Fund II (NASDAQ:FGM) has risen 20.49% since November 14, 2016 and is uptrending. It has outperformed by 3.79% the S&P500.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on January, 12. They expect $1.71 earnings per share, 0.00% or $0.00 from last year’s $1.71 per share. JPM’s profit will be $5.95 billion for 14.26 P/E if the $1.71 EPS becomes a reality. After $1.76 actual earnings per share reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -2.84% negative EPS growth.

Investors sentiment increased to 1.19 in Q2 2017. Its up 0.32, from 0.87 in 2017Q1. It improved, as 56 investors sold JPM shares while 678 reduced holdings. 146 funds opened positions while 731 raised stakes. 2.69 billion shares or 4.21% more from 2.58 billion shares in 2017Q1 were reported. Winslow Evans Crocker Incorporated stated it has 23,785 shares or 0% of all its holdings. Independent, New York-based fund reported 61,255 shares. Salem Mngmt reported 24,393 shares. Amalgamated Retail Bank holds 1.2% or 399,113 shares in its portfolio. Nuveen Asset Management Limited Liability Corp accumulated 1.22 million shares. Ccm Advisers Llc stated it has 1.96% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Carret Asset Mgmt Ltd Liability Co owns 191,973 shares for 2.94% of their portfolio. Dock Street Asset Mngmt has invested 0.12% in JPMorgan Chase & Co. (NYSE:JPM). Columbia Asset Mgmt has invested 1.07% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Brandes Invest Ptnrs Ltd Partnership reported 225,749 shares or 0.33% of all its holdings. Comml Bank Of Montreal Can has invested 0.65% in JPMorgan Chase & Co. (NYSE:JPM). Argyle accumulated 45,695 shares or 1.7% of the stock. Comerica Savings Bank reported 0.87% in JPMorgan Chase & Co. (NYSE:JPM). Hwg L P, a Texas-based fund reported 2,220 shares. First Merchants Corporation owns 45,867 shares or 1.16% of their US portfolio.

Highland Capital Management Llc increased Mcdonald’s Corporation (NYSE:MCD) stake by 6,647 shares to 9,017 valued at $1.38M in 2017Q2. It also upped Lyondellbasell Industries Nv (NYSE:LYB) stake by 8,180 shares and now owns 59,630 shares. Cigna Corporation (NYSE:CI) was raised too.

Among 32 analysts covering JPMorgan Chase & Co (NYSE:JPM), 17 have Buy rating, 2 Sell and 13 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Deutsche Bank to “Hold” on Tuesday, September 26. The company was upgraded on Monday, January 18 by Atlantic Securities. Keefe Bruyette & Woods maintained the shares of JPM in report on Wednesday, October 11 with “Hold” rating. The firm earned “Buy” rating on Friday, February 5 by UBS. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Neutral” rating given on Thursday, April 14 by Goldman Sachs. The company was downgraded on Friday, September 9 by Macquarie Research. The stock has “Market Perform” rating by Bernstein on Tuesday, August 16. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Neutral” rating given on Thursday, July 6 by Goldman Sachs. The firm has “Neutral” rating by Citigroup given on Friday, October 6. The firm has “Buy” rating by RBC Capital Markets given on Monday, July 17.


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