As Jp Morgan Chase & Co (JPM) Shares Declined, Vaughan David Investments Has Increased Holding by $5.65 Million; Hartwell J M Limited Partnership Has Lowered Stake in Luxoft Holding (LXFT) as Stock Value Rose

January 18, 2018 - By Louis Casey

Vaughan David Investments Inc increased its stake in Jp Morgan Chase & Co (JPM) by 72.24% based on its latest 2017Q3 regulatory filing with the SEC. Vaughan David Investments Inc bought 297,141 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 708,482 shares of the major banks company at the end of 2017Q3, valued at $13.59M, up from 411,341 at the end of the previous reported quarter. Vaughan David Investments Inc who had been investing in Jp Morgan Chase & Co for a number of months, seems to be bullish on the $392.61 billion market cap company. The stock increased 0.16% or $0.18 during the last trading session, reaching $113.17. About 7.33M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since January 18, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

Hartwell J M Limited Partnership decreased its stake in Luxoft Holding Inc (LXFT) by 7.61% based on its latest 2017Q3 regulatory filing with the SEC. Hartwell J M Limited Partnership sold 28,600 shares as the company’s stock rose 16.10% with the market. The hedge fund held 347,120 shares of the technology company at the end of 2017Q3, valued at $16.59M, down from 375,720 at the end of the previous reported quarter. Hartwell J M Limited Partnership who had been investing in Luxoft Holding Inc for a number of months, seems to be less bullish one the $1.88B market cap company. The stock decreased 0.84% or $0.47 during the last trading session, reaching $56.12. About 108,011 shares traded. Luxoft Holding, Inc. (NYSE:LXFT) has risen 10.58% since January 18, 2017 and is uptrending. It has underperformed by 6.12% the S&P500.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.28, from 1.19 in 2017Q2. It dived, 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. Kelly Lawrence W Assoc Ca has 60,610 shares. Rothschild Cap Lc holds 5.08% in JPMorgan Chase & Co. (NYSE:JPM) or 111,622 shares. Grand Jean Cap invested in 27,783 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 1.41% or 361,830 shares in its portfolio. Mackenzie Financial Corporation holds 0.34% or 657,938 shares in its portfolio. Sfmg Llc stated it has 0.16% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Martin Currie invested 1.33% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Excalibur Management invested 3.86% in JPMorgan Chase & Co. (NYSE:JPM). Trust Co Of Oklahoma holds 0.15% or 3,100 shares in its portfolio. Boston invested 2.34% in JPMorgan Chase & Co. (NYSE:JPM). Halsey Ct holds 0.75% in JPMorgan Chase & Co. (NYSE:JPM) or 39,756 shares. Neumann Cap Mgmt Ltd Company invested 1.26% in JPMorgan Chase & Co. (NYSE:JPM). Envestnet Asset Management holds 0.18% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 807,289 shares. Columbus Hill LP invested 1.46% in JPMorgan Chase & Co. (NYSE:JPM). House Limited Liability has invested 0.05% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM).

Vaughan David Investments Inc, which manages about $1.81 billion and $2.04B US Long portfolio, decreased its stake in Honeywell Internatl Inc (NYSE:HON) by 245,333 shares to 2,730 shares, valued at $404,000 in 2017Q3, according to the filing. It also reduced its holding in Us Bancorp (NYSE:USB) by 449,446 shares in the quarter, leaving it with 31,261 shares, and cut its stake in Johnson & Johnson (NYSE:JNJ).

Since August 21, 2017, it had 0 insider buys, and 2 selling transactions for $1.12 million activity.

Among 33 analysts covering JPMorgan Chase & Co (NYSE:JPM), 16 have Buy rating, 2 Sell and 15 Hold. Therefore 48% are positive. JPMorgan Chase & Co had 107 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, August 25 by Credit Agricole. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Buy” rating given on Friday, January 12 by RBC Capital Markets. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by Jefferies on Tuesday, June 6. The rating was upgraded by Credit Suisse on Thursday, January 4 to “Buy”. The rating was maintained by Robert W. Baird with “Hold” on Wednesday, November 15. The rating was maintained by Wells Fargo on Wednesday, December 20 with “Buy”. RBC Capital Markets maintained the shares of JPM in report on Tuesday, September 26 with “Buy” rating. The firm earned “Hold” rating on Thursday, June 1 by BMO Capital Markets. Jefferies maintained the stock with “Buy” rating in Friday, July 7 report. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by Argus Research on Wednesday, October 14.

Among 11 analysts covering Luxoft Holding (NYSE:LXFT), 8 have Buy rating, 1 Sell and 2 Hold. Therefore 73% are positive. Luxoft Holding had 34 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, November 12 by Monness Crespi & Hardt. The stock of Luxoft Holding, Inc. (NYSE:LXFT) earned “Overweight” rating by KeyBanc Capital Markets on Tuesday, December 5. The firm has “Hold” rating by Wedbush given on Friday, August 11. Cowen & Co maintained the stock with “Buy” rating in Friday, August 11 report. The stock of Luxoft Holding, Inc. (NYSE:LXFT) earned “Buy” rating by Cowen & Co on Friday, July 28. The stock of Luxoft Holding, Inc. (NYSE:LXFT) has “Buy” rating given on Thursday, March 24 by Sterne Agee CRT. On Wednesday, September 9 the stock rating was initiated by Monness Crespi & Hardt with “Buy”. The firm has “Hold” rating by KeyBanc Capital Markets given on Thursday, September 28. Wedbush initiated Luxoft Holding, Inc. (NYSE:LXFT) on Friday, September 9 with “Neutral” rating. Monness Crespi & Hardt maintained Luxoft Holding, Inc. (NYSE:LXFT) on Monday, January 4 with “Buy” rating.

Hartwell J M Limited Partnership, which manages about $535.54 million and $510.95 million US Long portfolio, upped its stake in Procter & Gamble Co (NYSE:PG) by 4,413 shares to 12,735 shares, valued at $1.16 million in 2017Q3, according to the filing. It also increased its holding in Celgene Corp (NASDAQ:CELG) by 3,400 shares in the quarter, for a total of 11,750 shares, and has risen its stake in Alibaba Group (NYSE:BABA).

Analysts await Luxoft Holding, Inc. (NYSE:LXFT) to report earnings on February, 13. They expect $0.61 earnings per share, down 8.96% or $0.06 from last year’s $0.67 per share. LXFT’s profit will be $20.42M for 23.00 P/E if the $0.61 EPS becomes a reality. After $0.66 actual earnings per share reported by Luxoft Holding, Inc. for the previous quarter, Wall Street now forecasts -7.58% negative EPS growth.

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