Becker Capital Management Lowered Jp Morgan Chase & Co (JPM) Stake; Agco (AGCO) Sellers Increased By 12.48% Their Shorts

June 29, 2018 - By Clifton Ray

JPMorgan Chase & Co. (NYSE:JPM) Logo

Agco Corporation (NYSE:AGCO) had an increase of 12.48% in short interest. AGCO’s SI was 3.30 million shares in June as released by FINRA. Its up 12.48% from 2.94 million shares previously. With 616,200 avg volume, 5 days are for Agco Corporation (NYSE:AGCO)’s short sellers to cover AGCO’s short positions. The SI to Agco Corporation’s float is 4.98%. The stock increased 1.17% or $0.71 during the last trading session, reaching $61.2. About 170,963 shares traded. AGCO Corporation (NYSE:AGCO) has risen 5.84% since June 29, 2017 and is uptrending. It has underperformed by 6.73% the S&P500. Some Historical AGCO News: 26/04/2018 – AGCO Announces Quarterly Dividend; 24/04/2018 – AGCO Closes Below 50-Day Moving Average: Technicals; 01/05/2018 – Agco Corp 1Q EPS 30c; 01/05/2018 – Agco Corp 1Q Net $24.3M; 26/04/2018 – AGCO Presenting at Wells Fargo Industrials Conference May 9; 26/04/2018 – Moody’s assigns provisional ratings to inaugural agricultural equipment term ABS transaction originated by ACGO Finance; 23/04/2018 – DJ AGCO Corporation, Inst Holders, 1Q 2018 (AGCO); 01/05/2018 – Agco Corp 1Q Adj EPS 35c; 01/05/2018 – AGCO BOOSTS YEAR OUTLOOK; 30/05/2018 – Moody’s Affirms Agco’s Baa3 Debt Rating; Outlook Is Stable

Becker Capital Management Inc decreased Jp Morgan Chase & Co (JPM) stake by 2.35% reported in 2018Q1 SEC filing. Becker Capital Management Inc sold 18,065 shares as Jp Morgan Chase & Co (JPM)’s stock declined 6.83%. The Becker Capital Management Inc holds 751,223 shares with $82.61 million value, down from 769,288 last quarter. Jp Morgan Chase & Co now has $359.99B valuation. The stock increased 0.78% or $0.815 during the last trading session, reaching $105.745. About 8.61 million shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 29.65% since June 29, 2017 and is uptrending. It has outperformed by 17.08% the S&P500. Some Historical JPM News: 06/03/2018 – JPMORGAN HEAD OF RUSSIA RESEARCH KANTAROVICH SAID TO LEAVE BANK; 14/05/2018 – JPMORGAN TO DOUBLE RESEARCH COVERAGE OF CHINA-LISTED COMPANIES; 13/04/2018 – JPMorgan CFO Says Libor Has Been a `Modest Positive’: TOPLive; 30/04/2018 – ForeScout Technologies Presenting at JPMorgan Conference May 15; 20/03/2018 – JPMorgan Chase Elects New Board Member; 10/05/2018 – PROPETRO HOLDING CORP PUMP.N : JP MORGAN RAISES TARGET PRICE TO $23 FROM $22; 13/04/2018 – JPMorgan’s Dimon: Global Economy Continues to Do Well; 13/04/2018 – JPMORGAN RUSSIAN SECURITIES PLC JRS.L – BOARD OF JPMORGAN RUSSIAN SECURITIES PLC CONFIRMS THAT JPMORGAN ASSET MANAGEMENT IS WORKING WITH OFAC TO IMPLEMENT NECESSARY ACTIONS IN ORDER TO BE COMPLIAN…; 13/04/2018 – JPMORGAN RUSSIAN SECURITIES PLC – BOARD RESPONSE TO RECENT ADDITIONAL US SANCTIONS AGAINST RUSSIA; 14/05/2018 – SS&C to Speak at 46th Annual JP Morgan Global Technology, Media and Communications Conference

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company has market cap of $4.87 billion. The firm offers tractors, including high horsepower tractors that are used on larger farms, primarily for row crop production; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, and residential uses. It has a 22.33 P/E ratio. It also provides combines that are used in harvesting grain crops; and application equipment, including self-propelled, three- and four-wheeled vehicles and related equipment for use in the application of liquid and dry fertilizers and crop protection chemicals, as well as for after crops emerge from the ground.

Since February 14, 2018, it had 0 buys, and 4 sales for $491,345 activity. 275 shares were sold by LONG LARA THRUSH, worth $18,213 on Wednesday, May 23. COLLAR GARY L sold $196,552 worth of stock or 2,938 shares. 1,500 shares valued at $102,750 were sold by Smith Lucinda B on Monday, May 21. Shares for $173,830 were sold by SMITH RICHARD ROBINSON on Wednesday, February 14.

More recent AGCO Corporation (NYSE:AGCO) news were published by: Seekingalpha.com which released: “Deere sues AGCO over patent infringement” on June 20, 2018. Also Businesswire.com published the news titled: “AGCO to Present at the Deutsche Bank 2018 Global Industrials and Materials Summit” on June 01, 2018. Streetinsider.com‘s news article titled: “Deere sues Precision Planting, AGCO claiming patent infringement” with publication date: June 01, 2018 was also an interesting one.

Investors sentiment decreased to 0.95 in 2018 Q1. Its down 0.10, from 1.05 in 2017Q4. It fall, as 37 investors sold AGCO Corporation shares while 113 reduced holdings. 43 funds opened positions while 100 raised stakes. 64.31 million shares or 1.73% more from 63.22 million shares in 2017Q4 were reported. Clinton Group accumulated 57,396 shares or 0.4% of the stock. Neuberger Berman Limited Co holds 0% or 8,147 shares in its portfolio. Westwood Hldgs Gru Incorporated stated it has 12,292 shares. Amer Century Cos accumulated 7,505 shares. National Bank Of New York Mellon holds 823,993 shares or 0.01% of its portfolio. Sentry Invests Corporation invested in 0.18% or 183,000 shares. Toronto Dominion Comml Bank holds 0% or 4,356 shares in its portfolio. Wells Fargo And Com Mn accumulated 91,164 shares. Wellington Management Grp Limited Liability Partnership holds 0.02% of its portfolio in AGCO Corporation (NYSE:AGCO) for 1.49 million shares. Bridgewater Assocs L P, a Connecticut-based fund reported 24,172 shares. Schwab Charles Incorporated has invested 0.03% of its portfolio in AGCO Corporation (NYSE:AGCO). Utah Retirement System owns 12,364 shares or 0.02% of their US portfolio. Geode Capital Mgmt Lc owns 0.02% invested in AGCO Corporation (NYSE:AGCO) for 887,379 shares. Bb&T has 0.17% invested in AGCO Corporation (NYSE:AGCO) for 136,898 shares. Colony Group Limited Liability accumulated 32,977 shares.

Among 9 analysts covering Agco (NYSE:AGCO), 0 have Buy rating, 2 Sell and 7 Hold. Therefore 0 are positive. Agco had 13 analyst reports since January 11, 2018 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, February 7 report. On Friday, May 4 the stock rating was maintained by Citigroup with “Neutral”. On Tuesday, April 17 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm earned “Underweight” rating on Friday, May 4 by Morgan Stanley. BMO Capital Markets maintained it with “Market Perform” rating and $75 target in Thursday, February 8 report. The firm has “Hold” rating given on Thursday, January 18 by Seaport Global. The rating was maintained by Bank of America on Wednesday, February 7 with “Underperform”. The firm has “Neutral” rating by Credit Suisse given on Wednesday, May 2. On Thursday, January 11 the stock rating was maintained by RBC Capital Markets with “Hold”. J.P. Morgan upgraded the shares of AGCO in report on Wednesday, February 7 to “Hold” rating.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Fool.com which released: “Wells Fargo’s Capital Plan Shows Confidence in the Future” on June 29, 2018, also Streetinsider.com with their article: “JPMorgan (JPM) to Increase Dividend to $0.80/Share, Buyback Up to $20.7 Billion” published on June 28, 2018, Seekingalpha.com published: “JPMorgan, Wells Fargo, American Express, Citi report dividend boosts, buybacks” on June 28, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Streetinsider.com and their article: “Fed Test Forces JPMorgan (JPM), KeyCorp (KEY), American Express (AXP) to Temper Payouts – Bloomberg” published on June 28, 2018 as well as Fool.com‘s news article titled: “Most Big Banks Are About to Give Shareholders a Raise” with publication date: June 29, 2018.

Becker Capital Management Inc increased Disney Walt Co Com (NYSE:DIS) stake by 4,649 shares to 8,909 valued at $895,000 in 2018Q1. It also upped Royal Dutch Shell Plc Adr A stake by 19,465 shares and now owns 951,693 shares. Portland General Electric (NYSE:POR) was raised too.

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.07, from 0.88 in 2017Q4. It dropped, 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. 17,890 are held by Adirondack. Moreover, Dupont Cap has 1.28% invested in JPMorgan Chase & Co. (NYSE:JPM). Dumont & Blake Investment Advsr Lc owns 26,931 shares for 1.26% of their portfolio. Palisade Cap Limited Liability Nj holds 251,480 shares. 103,405 are held by Alexandria Capital Lc. Comml Bank Of America De accumulated 0.95% or 50.78 million shares. Ogorek Anthony Joseph Ny Adv holds 0.05% in JPMorgan Chase & Co. (NYSE:JPM) or 572 shares. Thomas White Intl reported 12,727 shares. Geode Capital Mngmt Lc stated it has 1.39% in JPMorgan Chase & Co. (NYSE:JPM). Clearbridge Invs Limited Co has invested 0.75% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Richard Bernstein Advsr Limited Liability Corp stated it has 0.56% in JPMorgan Chase & Co. (NYSE:JPM). Primecap Mngmt Company Ca holds 1.92% or 23.26 million shares. 34,141 are owned by Gam Holdings Ag. Moreover, Ranger Invest Management LP has 0% invested in JPMorgan Chase & Co. (NYSE:JPM) for 93 shares. Signature Estate Investment Advsr Ltd Liability Com holds 0.04% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 3,548 shares.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13 before the open. They expect $2.25 earnings per share, up 23.63% or $0.43 from last year’s $1.82 per share. JPM’s profit will be $7.66B for 11.75 P/E if the $2.25 EPS becomes a reality. After $2.37 actual earnings per share 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 buys, and 8 sales for $18.63 million activity. $3.01 million worth of stock was sold by Scher Peter on Friday, January 19. $1.49 million worth of JPMorgan Chase & Co. (NYSE:JPM) was bought by Combs Todd A.. $1.03 million worth of stock was sold by Lake Marianne on Saturday, January 13. Shares for $1.84M were sold by BACON ASHLEY. $7.31 million worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Erdoes Mary E. on Saturday, January 13. $1.99M worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Friedman Stacey. Giles Nicole sold $425,399 worth of stock.

Among 17 analysts covering JP Morgan Chase (NYSE:JPM), 10 have Buy rating, 0 Sell and 7 Hold. Therefore 59% are positive. JP Morgan Chase had 27 analyst reports since January 2, 2018 according to SRatingsIntel. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, January 2 report. As per Thursday, April 12, the company rating was upgraded by Credit Suisse. DZ Bank upgraded the shares of JPM in report on Wednesday, January 17 to “Hold” rating. Credit Suisse maintained JPMorgan Chase & Co. (NYSE:JPM) on Monday, March 19 with “Outperform” rating. Credit Suisse upgraded the shares of JPM in report on Thursday, January 4 to “Buy” rating. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Buy” rating given on Sunday, April 15 by Jefferies. The firm earned “Hold” rating on Friday, April 13 by Nomura. Barclays Capital maintained the stock with “Buy” rating in Tuesday, January 2 report. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by Wells Fargo on Wednesday, January 17. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by RBC Capital Markets on Friday, January 12.

AGCO Corporation (NYSE:AGCO) Institutional Positions Chart

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