Northrop Grumman (NOC) Valuation Declined While Strategic Global Advisors Has Cut Its Stake; Financial Partners Capital Management Has Trimmed Its Jpmorgan Chase & Co. (JPM) Position as Share Price Declined

June 14, 2018 - By Linda Rogers

Northrop Grumman Corporation (NYSE:NOC) Logo

Strategic Global Advisors Llc decreased its stake in Northrop Grumman Corp (NOC) by 9.66% based on its latest 2018Q1 regulatory filing with the SEC. Strategic Global Advisors Llc sold 1,285 shares as the company’s stock declined 6.52% with the market. The institutional investor held 12,012 shares of the industrial machinery and components company at the end of 2018Q1, valued at $4.19M, down from 13,297 at the end of the previous reported quarter. Strategic Global Advisors Llc who had been investing in Northrop Grumman Corp for a number of months, seems to be less bullish one the $56.25 billion market cap company. The stock decreased 1.60% or $5.26 during the last trading session, reaching $322.56. About 1.13M shares traded or 0.21% up from the average. Northrop Grumman Corporation (NYSE:NOC) has risen 29.40% since June 14, 2017 and is uptrending. It has outperformed by 16.83% the S&P500. Some Historical NOC News: 09/04/2018 – Two independent investigations point to the Northrop’s payload adapter as the cause of the satellite’s loss, the report said; 16/05/2018 – Moody’s Assigns P-2 Short-term Rating To Northrop Grumman’s New Commercial Paper Program; 25/04/2018 – Northrop Grumman Still Sees 2018 Capital Expenditures About $1B; 28/03/2018 – CORRECT: NORTHROP SAYS POLAND SIGNS LOI FOR IAMD IBCS; 04/05/2018 – SpaceNews: BREAKING: Air Force awards contracts to Lockheed Martin, Northrop Grumman for future missile-warning satellite cons; 15/05/2018 – NORTHROP GRUMMAN BOOSTS QTRLY DIV 9% TO $1.20/SHR; 08/04/2018 – Probes Point to Northrop Grumman Errors in January Spy-Satellite Failure; 17/05/2018 – S&PGR Assigns Northrop Grumman ‘A-2’ Short-Term Rating; 09/04/2018 – Post-Bulletin: Loss of classified satellite reportedly blamed on Northrop Grumman; 05/04/2018 – U.S. State Dept OKs possible $2.5 bln sale of military drones to Germany

Financial Partners Capital Management Llc decreased its stake in Jpmorgan Chase & Co. (JPM) by 4.97% based on its latest 2018Q1 regulatory filing with the SEC. Financial Partners Capital Management Llc sold 6,020 shares as the company’s stock declined 6.83% with the market. The institutional investor held 115,089 shares of the major banks company at the end of 2018Q1, valued at $12.66M, down from 121,109 at the end of the previous reported quarter. Financial Partners Capital Management Llc who had been investing in Jpmorgan Chase & 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 20.42M shares traded or 41.66% 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: 05/04/2018 – Former JPMorgan CIO Dana Deasy To Lead IT at Defense Department; 30/05/2018 – JPMorgan International Equity Adds Glaxo, Cuts Sanofi; 04/05/2018 – JPMORGAN GLOBAL APRIL COMPOSITE PMI AT 53.8 VS 53.3 LAST MONTH; 27/03/2018 – ASSA ABLOY AB ASSAb.ST : JP MORGAN RAISES TARGET PRICE TO SEK 200 FROM SEK 195; 08/03/2018 – “The equity market has some way to go for the next year to two,” said J.P. Morgan’s Daniel Pinto. “But then, if there is a correction, it could be a deep correction.”; 03/04/2018 – No Ratings Impact Following The Sub Servicer Change For 7 Jpmorgan Chase Transactions; 21/05/2018 – JPMorgan’s Peters Says Markets Have Been Pretty Complacent About Italy (Video); 10/04/2018 – TENNECO – ENTERED DEBT COMMITMENT LETTER, UNDER WHICH JPMORGAN CHASE BANK, N.A. & BARCLAYS BANK HAVE COMMITTED TO PROVIDE $4.9 BLN OF DEBT FINANCING; 15/05/2018 – BPER EMII.Ml : JP MORGAN RAISES TARGET PRICE TO EUR 5.8 FROM EUR 5.3; 13/03/2018 – PLAINS GP HOLDINGS LP PAGP.N : JP MORGAN RAISES TARGET PRICE TO $28 FROM $27

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Investorplace.com which released: “What’s Moving Oracle Corporation Stock Lower Today?” on June 14, 2018, also Seekingalpha.com with their article: “JPMorgan (JPM) Management Presents at Morgan Stanley Financials Conference (Transcript)” published on June 13, 2018, Bizjournals.com published: “Banking Roundup: Starbucks launches JPMorgan Visa cards… BofA’s virtual assistant Erica hits milestone” on June 13, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Seekingalpha.com and their article: “US banks fall as ECB keeps rates unchanged, day after Fed raises” published on June 14, 2018 as well as Bizjournals.com‘s news article titled: “JPMorgan Chase puts $300000 behind Tampa Bay Partnership’s skills gap initiative” with publication date: June 13, 2018.

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.07, from 0.88 in 2017Q4. It is negative, 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. 121,673 were reported by Adell Harriman & Carpenter. Security National Bank & Trust Of So Dak accumulated 4,228 shares or 0.53% of the stock. Moreover, First Allied Advisory Ser has 0.53% invested in JPMorgan Chase & Co. (NYSE:JPM) for 125,252 shares. 7,000 were reported by Midas Mngmt Corp. 60,639 are owned by Amg National Trust Bancshares. Paradigm Advsrs Limited Liability reported 8,525 shares. Polaris Ltd Liability invested 2.4% in JPMorgan Chase & Co. (NYSE:JPM). Cambridge Trust Co reported 191,746 shares stake. Capital Glob Invsts holds 0.83% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 26.55 million shares. Gulf Natl Bank (Uk) invested in 1.56% or 1.09M shares. Mufg Americas stated it has 2.22% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Montag A Assocs invested 1.09% in JPMorgan Chase & Co. (NYSE:JPM). New Jersey Better Educational Savings Tru has invested 2.57% in JPMorgan Chase & Co. (NYSE:JPM). Arizona State Retirement System holds 1.03% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 925,273 shares. Huber Management Ltd Com invested 2.22% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM).

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 stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by Vetr on Tuesday, September 1. BMO Capital Markets upgraded JPMorgan Chase & Co. (NYSE:JPM) on Wednesday, September 16 to “Outperform” rating. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Neutral” rating by Robert W. Baird on Wednesday, November 9. KBW upgraded JPMorgan Chase & Co. (NYSE:JPM) rating on Monday, August 17. KBW has “Outperform” rating and $77 target. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, August 12 report. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, October 11. The stock has “Hold” rating by Oppenheimer on Friday, July 14. Bernstein downgraded the shares of JPM in report on Tuesday, August 16 to “Market Perform” rating. The firm has “Outperform” rating by Vining Sparks given on Friday, April 28. The stock has “Buy” rating by Bank of America on Friday, January 12.

Financial Partners Capital Management Llc, which manages about $519.21 million and $331.75 million US Long portfolio, upped its stake in Ishares Msci Japan Index by 35,825 shares to 114,905 shares, valued at $6.97 million in 2018Q1, according to the filing.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13 before the open. They expect $2.25 EPS, up 23.63% or $0.43 from last year’s $1.82 per share. JPM’s profit will be $7.66 billion for 12.00 P/E if the $2.25 EPS becomes a reality. After $2.37 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -5.06% negative EPS growth.

Since January 13, 2018, it had 3 insider purchases, and 8 sales for $18.63 million activity. 3,783 JPMorgan Chase & Co. (NYSE:JPM) shares with value of $425,399 were sold by Giles Nicole. 18,000 shares were bought by HOBSON MELLODY L, worth $2.00M on Monday, April 16. CROWN JAMES S bought $825,327 worth of stock. 16,434 shares valued at $1.84M were sold by BACON ASHLEY on Saturday, January 13. Friedman Stacey also sold $1.99 million worth of JPMorgan Chase & Co. (NYSE:JPM) shares. $3.01M worth of JPMorgan Chase & Co. (NYSE:JPM) shares were sold by Scher Peter.

Analysts await Northrop Grumman Corporation (NYSE:NOC) to report earnings on July, 25. They expect $3.73 EPS, up 18.41% or $0.58 from last year’s $3.15 per share. NOC’s profit will be $650.45 million for 21.62 P/E if the $3.73 EPS becomes a reality. After $4.21 actual EPS reported by Northrop Grumman Corporation for the previous quarter, Wall Street now forecasts -11.40% negative EPS growth.

Strategic Global Advisors Llc, which manages about $714.87 million and $292.03 million US Long portfolio, upped its stake in Lam Research Corp (NASDAQ:LRCX) by 2,791 shares to 13,026 shares, valued at $2.65 million in 2018Q1, according to the filing. It also increased its holding in Marathon Pete Corp (NYSE:MPC) by 4,480 shares in the quarter, for a total of 16,244 shares, and has risen its stake in Orbotech Ltd (NASDAQ:ORBK).

Since February 13, 2018, it had 0 insider purchases, and 9 sales for $6.82 million activity. Pamiljans Janis G sold $299,867 worth of stock or 849 shares. Another trade for 1,296 shares valued at $457,747 was sold by Hardesty Michael A.

Among 20 analysts covering Northrop Grumman (NYSE:NOC), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Northrop Grumman had 66 analyst reports since July 30, 2015 according to SRatingsIntel. As per Tuesday, January 23, the company rating was maintained by RBC Capital Markets. The rating was maintained by Bank of America with “Buy” on Friday, October 27. The firm has “Hold” rating given on Tuesday, May 22 by Credit Suisse. RBC Capital Markets maintained it with “Buy” rating and $28100 target in Friday, June 2 report. Cowen & Co maintained Northrop Grumman Corporation (NYSE:NOC) rating on Thursday, October 26. Cowen & Co has “Market Perform” rating and $300 target. Argus Research maintained Northrop Grumman Corporation (NYSE:NOC) on Thursday, November 12 with “Buy” rating. Argus Research maintained it with “Buy” rating and $295 target in Friday, August 4 report. The stock has “Equal-Weight” rating by Barclays Capital on Monday, May 2. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Neutral” rating by Citigroup on Wednesday, March 1. The stock of Northrop Grumman Corporation (NYSE:NOC) has “Equal-Weight” rating given on Thursday, April 12 by Morgan Stanley.

More notable recent Northrop Grumman Corporation (NYSE:NOC) news were published by: Bizjournals.com which released: “By Matthew Richardson – Staff writer, Orlando Business Journal” on June 06, 2018, also Finance.Yahoo.com with their article: “North Korea to Denuclearize: Are These 4 Defense Stocks in Trouble?” published on June 13, 2018, Seekingalpha.com published: “Introduction To Investing In The New Space Race” on June 12, 2018. More interesting news about Northrop Grumman Corporation (NYSE:NOC) were released by: Nasdaq.com and their article: “Northrop Grumman Awarded $866 Million IDIQ Contract to Sustain and Modify Critical Missile Warning Radars” published on June 13, 2018 as well as Globenewswire.com‘s news article titled: “Northrop Grumman to Redeem Orbital ATK Debt” with publication date: June 11, 2018.

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.10, from 0.98 in 2017Q4. It dived, as 57 investors sold NOC shares while 306 reduced holdings. 89 funds opened positions while 232 raised stakes. 137.81 million shares or 0.54% more from 137.07 million shares in 2017Q4 were reported. Clearbridge Invests Limited Liability Company owns 1,826 shares. Loomis Sayles Com Lp has 338,957 shares for 0.25% of their portfolio. Two Sigma Securities Limited Liability Company invested 0% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Gamble Jones Counsel invested in 4,310 shares or 0.15% of the stock. Perkins Coie has invested 0% in Northrop Grumman Corporation (NYSE:NOC). 91,863 are owned by Susquehanna Gp Limited Liability Partnership. Renaissance Tech Lc stated it has 0.17% in Northrop Grumman Corporation (NYSE:NOC). Nuveen Asset Mgmt Lc owns 0.01% invested in Northrop Grumman Corporation (NYSE:NOC) for 4,025 shares. Tiaa Cref Invest Management Ltd Liability Corp holds 0.33% in Northrop Grumman Corporation (NYSE:NOC) or 1.38 million shares. 10,175 are owned by Twin Tree Management Lp. Girard Prns Ltd holds 0.17% or 2,107 shares. Security Natl Tru accumulated 34 shares. Moreover, Howe & Rusling Inc has 0.12% invested in Northrop Grumman Corporation (NYSE:NOC) for 1,880 shares. Kbc Gp Nv invested 0.15% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Griffin Asset holds 5,656 shares.

Northrop Grumman Corporation (NYSE:NOC) Institutional Positions Chart

Echostar Corporation-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.

By

Free 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

>