First Mercantile Trust Co Lowered By $383,292 Its Jpmorgan Chase Co (JPM) Position; Steelcase Inc. (SCS) Had 0 Bullish Analysts

December 18, 2017 - By Vivian Currie

Among 2 analysts covering Steelcase (NYSE:SCS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Steelcase had 7 analyst reports since September 1, 2015 according to SRatingsIntel. On Friday, June 23 the stock rating was maintained by Raymond James with “Strong-Buy – Outperform”. Sidoti downgraded Steelcase Inc. (NYSE:SCS) on Wednesday, September 20 to “Hold” rating. As per Thursday, March 23, the company rating was upgraded by Raymond James. The rating was downgraded by Raymond James on Wednesday, December 23 to “Mkt Perform”. The stock of Steelcase Inc. (NYSE:SCS) has “Buy” rating given on Tuesday, September 1 by Zacks. The firm earned “Buy” rating on Friday, September 1 by Sidoti. Seaport Global initiated the stock with “Neutral” rating in Friday, November 4 report. See Steelcase Inc. (NYSE:SCS) latest ratings:

20/09/2017 Broker: Sidoti Rating: Hold New Target: $16.0 Downgrade
01/09/2017 Broker: Sidoti Rating: Buy New Target: $16.0 Upgrade
23/06/2017 Broker: Raymond James Rating: Strong-Buy – Outperform Maintain

First Mercantile Trust Co decreased Jpmorgan Chase Co (JPM) stake by 10.39% reported in 2017Q2 SEC filing. First Mercantile Trust Co sold 4,212 shares as Jpmorgan Chase Co (JPM)’s stock declined 6.04%. The First Mercantile Trust Co holds 36,312 shares with $3.32 million value, down from 40,524 last quarter. Jpmorgan Chase Co now has $368.22 billion valuation. The stock increased 1.41% or $1.48 during the last trading session, reaching $106.14. About 29.35 million shares traded or 134.79% up from the average. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since December 18, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.

The stock increased 1.81% or $0.25 during the last trading session, reaching $14.1. About 1.66M shares traded or 143.90% up from the average. Steelcase Inc. (NYSE:SCS) has risen 11.15% since December 18, 2016 and is uptrending. It has underperformed by 5.55% the S&P500.

Investors sentiment increased to 1.32 in Q2 2017. Its up 0.02, from 1.3 in 2017Q1. It is positive, as 23 investors sold Steelcase Inc. shares while 47 reduced holdings. 27 funds opened positions while 64 raised stakes. 72.19 million shares or 4.26% less from 75.40 million shares in 2017Q1 were reported. 2.00 million are held by Lsv Asset Management. 96,654 are owned by Cornerstone Management Hldgs Ltd Liability Corp. Wellington Management Grp Llp stated it has 0.02% in Steelcase Inc. (NYSE:SCS). Federated Pa accumulated 55,329 shares. Tocqueville Asset Management L P holds 0.18% of its portfolio in Steelcase Inc. (NYSE:SCS) for 1.07M shares. Meeder Asset Management Incorporated reported 2,362 shares stake. 126,499 were reported by Navellier & Associates Inc. State Of Alaska Department Of Revenue reported 7,086 shares or 0.01% of all its holdings. Aperio Grp Ltd Limited Liability Company invested in 0% or 49,337 shares. 1492 Capital Mngmt owns 11,134 shares for 0.14% of their portfolio. Hsbc Hldg Public Limited Liability Company, a United Kingdom-based fund reported 21,839 shares. Aviance Cap Management Ltd Co accumulated 399 shares or 0% of the stock. Vanguard has invested 0.01% of its portfolio in Steelcase Inc. (NYSE:SCS). Comerica Natl Bank, Michigan-based fund reported 102,767 shares. Legal General Grp Public Ltd Liability owns 43,719 shares or 0% of their US portfolio.

Steelcase Inc. manufactures and sells integrated portfolio of furniture settings, user-centered technologies, and interior architectural products. The company has market cap of $1.64 billion. The firm operates through Americas, EMEA, and Other Category divisions. It has a 13.86 P/E ratio. The Company’s furniture systems portfolio comprises panel and freestanding furniture systems, storage, desks, benches, tables, and complementary products, such as worktools.

Investors sentiment decreased to 0.91 in Q2 2017. Its down 0.28, from 1.19 in 2017Q1. It is negative, 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. Brown Management Ltd Co invested 0.02% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Cohen Steers Incorporated owns 353,149 shares or 0.09% of their US portfolio. Washington Tru Company has invested 2.56% in JPMorgan Chase & Co. (NYSE:JPM). Salem Invest Counselors Incorporated invested in 1.73% or 163,418 shares. Cibc Asset Mngmt accumulated 407,766 shares. Stoneridge Prns Ltd Liability invested in 90,406 shares or 1.23% of the stock. Oak Ridge Invs Limited holds 4,235 shares or 0.01% of its portfolio. Brouwer And Janachowski Ltd Liability Corporation invested 0.16% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Family Firm stated it has 0.17% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Viking Fund Management Lc owns 16,000 shares or 0.22% of their US portfolio. Sigma Planning Corporation invested 0.44% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). E&G Advsrs Lp has 49,535 shares. British Columbia Corp reported 1.72M shares stake. New York State Common Retirement Fund invested in 1.29% or 10.74 million shares. Pcj Invest Counsel Limited owns 34,730 shares for 0.2% of their portfolio.

Since August 21, 2017, it had 0 buys, and 2 selling transactions for $1.12 million activity. Friedman Stacey sold $214,019 worth of stock.

First Mercantile Trust Co increased Akamai Technologies Inc (NASDAQ:AKAM) stake by 10,580 shares to 12,769 valued at $636,000 in 2017Q2. It also upped Teladoc Inc stake by 11,200 shares and now owns 18,200 shares. Eaton Corp Plc (NYSE:ETN) 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 90 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, June 15. As per Monday, January 18, the company rating was upgraded by Atlantic Securities. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by RBC Capital Markets on Wednesday, December 6. The rating was downgraded by Vetr on Friday, August 28 to “Strong-Buy”. Robert W. Baird maintained the stock with “Hold” rating in Wednesday, November 15 report. Robert W. Baird maintained the shares of JPM in report on Wednesday, September 20 with “Hold” rating. The firm has “Overweight” rating by Barclays Capital given on Tuesday, January 3. Jefferies maintained the shares of JPM in report on Tuesday, June 6 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $9500 target in Monday, July 17 report. Portales Partners downgraded JPMorgan Chase & Co. (NYSE:JPM) on Monday, February 22 to “Underperform” rating.

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