Riverpoint Capital Management Raised Jpmorgan Chase & Co (JPM) Stake; Deswell Industries (DSWL) Shorts Decreased By 16.85%

June 12, 2017 - By Clifton Ray

Riverpoint Capital Management Llc increased Jpmorgan Chase & Co (JPM) stake by 15.46% reported in 2016Q4 SEC filing. Riverpoint Capital Management Llc acquired 6,843 shares as Jpmorgan Chase & Co (JPM)’s stock declined 6.04%. The Riverpoint Capital Management Llc holds 51,108 shares with $4.41M value, up from 44,265 last quarter. Jpmorgan Chase & Co now has $315.06B valuation. The stock declined 0.38% or $0.33 reaching $86.63 on the news. About 8.78 million shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since June 12, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.

Deswell Industries Incorporated (NASDAQ:DSWL) had a decrease of 16.85% in short interest. DSWL’s SI was 7,400 shares in June as released by FINRA. Its down 16.85% from 8,900 shares previously. With 14,600 avg volume, 1 days are for Deswell Industries Incorporated (NASDAQ:DSWL)’s short sellers to cover DSWL’s short positions. The SI to Deswell Industries Incorporated’s float is 0.1%. About 34,768 shares traded or 162.24% up from the average. Deswell Industries, Inc. (NASDAQ:DSWL) has risen 16.97% since June 12, 2016 and is uptrending. It has outperformed by 0.27% the S&P500.

Deswell Industries, Inc. is engaged in the manufacturing and selling of injection-molded plastic parts and components. The company has market cap of $32.28 million. The Firm also provides manufacturing services for electronic products and subassemblies, and makes metallic molds and accessory parts for original equipment manufacturers and contract manufacturers. It currently has negative earnings. The Company’s divisions include plastic injection molding and electronic products assembling.

Among 25 analysts covering JPMorgan Chase & Co (NYSE:JPM), 13 have Buy rating, 2 Sell and 10 Hold. Therefore 52% are positive. JPMorgan Chase & Co had 52 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, June 1 by BMO Capital Markets. The firm earned “Neutral” rating on Monday, January 18 by UBS. Jefferies maintained JPMorgan Chase & Co. (NYSE:JPM) rating on Wednesday, October 7. Jefferies has “Buy” rating and $71 target. On Thursday, April 14 the stock rating was maintained by Nomura with “Neutral”. The firm earned “Outperform” rating on Wednesday, October 14 by Keefe Bruyette & Woods. The rating was upgraded by Bruyette & Woods” to “Outperform” on Monday, August 17. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by Jefferies on Monday, October 10. The rating was upgraded by Guggenheim to “Buy” on Wednesday, April 26. The company was downgraded on Monday, January 25 by Nomura. The rating was downgraded by Keefe Bruyette & Woods on Tuesday, January 17 to “Mkt Perform”.

Riverpoint Capital Management Llc decreased Pepsico Inc (NYSE:PEP) stake by 2,977 shares to 198,354 valued at $20.75M in 2016Q4. It also reduced Amerisourcebergen Corp (NYSE:ABC) stake by 105,833 shares and now owns 51,639 shares. Vanguard Specialized Portfol (VIG) was reduced too.

Since January 13, 2017, it had 0 insider buys, and 10 insider sales for $21.13 million activity. The insider Pinto Daniel E sold $3.40 million. Petno Douglas B sold 21,532 shares worth $1.80 million. On Friday, January 13 the insider Donnelly John L sold $542,314. $568,100 worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by BACON ASHLEY. Another trade for 65,865 shares valued at $5.51 million was made by Smith Gordon on Tuesday, January 17. 42,083 shares were sold by Zames Matthew E, worth $3.54M on Friday, January 13. On Friday, January 13 Erdoes Mary E. sold $3.01M worth of JPMorgan Chase & Co. (NYSE:JPM) or 35,799 shares.