Picton Mahoney Asset Management Raised Position in Jpmorgan Chase And Co (JPM); Baxter International (BAX) Share Price Rose While Financial Advisory Group Cut Its Position

April 17, 2018 - By Peter Erickson

Baxter International Inc. (NYSE:BAX) Logo

Picton Mahoney Asset Management increased its stake in Jpmorgan Chase And Co (JPM) by 21.38% based on its latest 2017Q4 regulatory filing with the SEC. Picton Mahoney Asset Management bought 35,900 shares as the company’s stock rose 0.67% while stock markets declined. The institutional investor held 203,800 shares of the major banks company at the end of 2017Q4, valued at $21.79M, up from 167,900 at the end of the previous reported quarter. Picton Mahoney Asset Management who had been investing in Jpmorgan Chase And Co for a number of months, seems to be bullish on the $376.71B market cap company. The stock increased 0.23% or $0.25 during the last trading session, reaching $110.46. About 9.36 million shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.99% since April 17, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.

Financial Advisory Group decreased its stake in Baxter International Inc (BAX) by 63.59% based on its latest 2017Q4 regulatory filing with the SEC. Financial Advisory Group sold 9,946 shares as the company’s stock rose 0.23% while stock markets declined. The institutional investor held 5,694 shares of the medical and dental instruments company at the end of 2017Q4, valued at $368,000, down from 15,640 at the end of the previous reported quarter. Financial Advisory Group who had been investing in Baxter International Inc for a number of months, seems to be less bullish one the $35.75B market cap company. The stock increased 0.27% or $0.18 during the last trading session, reaching $66.47. About 1.20 million shares traded. Baxter International Inc. (NYSE:BAX) has risen 25.16% since April 17, 2017 and is uptrending. It has outperformed by 13.61% the S&P500.

Among 20 analysts covering Baxter International (NYSE:BAX), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. Baxter International had 56 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Baxter International Inc. (NYSE:BAX) has “Hold” rating given on Friday, July 31 by S&P Research. The firm has “Buy” rating given on Thursday, August 31 by BMO Capital Markets. RBC Capital Markets maintained the stock with “Hold” rating in Monday, July 10 report. The rating was maintained by Cowen & Co on Friday, October 13 with “Hold”. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, February 5. RBC Capital Markets maintained Baxter International Inc. (NYSE:BAX) rating on Monday, October 2. RBC Capital Markets has “Hold” rating and $60.0 target. Citigroup maintained it with “Neutral” rating and $70 target in Tuesday, February 6 report. As per Wednesday, October 11, the company rating was maintained by BMO Capital Markets. On Wednesday, October 28 the stock rating was maintained by Leerink Swann with “Market Perform”. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, December 12.

Financial Advisory Group, which manages about $334.54 million US Long portfolio, upped its stake in Ishares Tr (IEF) by 104,833 shares to 418,792 shares, valued at $44.21M in 2017Q4, according to the filing. It also increased its holding in Dbx Etf Tr (DBEF) by 119,916 shares in the quarter, for a total of 1.52 million shares, and has risen its stake in S P D R Sp 500 Etf Tr Expiring 01/22/21 (SPY).

Analysts await Baxter International Inc. (NYSE:BAX) to report earnings on April, 26 before the open. They expect $0.62 EPS, up 6.90% or $0.04 from last year’s $0.58 per share. BAX’s profit will be $333.44 million for 26.80 P/E if the $0.62 EPS becomes a reality. After $0.64 actual EPS reported by Baxter International Inc. for the previous quarter, Wall Street now forecasts -3.13% negative EPS growth.

Investors sentiment is 0.97 in 2017 Q4. Its the same as in 2017Q3. It is flat, as 32 investors sold BAX shares while 311 reduced holdings. only 81 funds opened positions while 250 raised stakes. 441.20 million shares or 0.32% more from 439.80 million shares in 2017Q3 were reported. Third Point Limited Liability Company invested in 16.8% or 36.00 million shares. Boston Private Wealth Llc invested 0.02% in Baxter International Inc. (NYSE:BAX). Catawba Cap Va accumulated 68,206 shares or 1% of the stock. Moors And Cabot reported 56,531 shares. Moreover, Calamos Advsr Ltd Llc has 0.44% invested in Baxter International Inc. (NYSE:BAX) for 1.34 million shares. Stonebridge Capital Ltd Company reported 3,250 shares. Ruggie Grp has invested 0.01% in Baxter International Inc. (NYSE:BAX). Carnegie Cap Asset Ltd Com owns 4,961 shares. Bluemountain Mngmt Limited Liability Company invested 0.02% of its portfolio in Baxter International Inc. (NYSE:BAX). Bb&T Securities Limited Liability Corporation owns 59,212 shares for 0.05% of their portfolio. Gamco Invsts Et Al invested in 0.04% or 98,900 shares. Partner Fund Management Limited Partnership holds 1.27 million shares or 1.95% of its portfolio. Renaissance Technology Limited Liability invested in 0.11% or 1.49M shares. Mariner Wealth Advsr Ltd Liability Corporation has 0.01% invested in Baxter International Inc. (NYSE:BAX). The New Jersey-based Jacobs Levy Equity Mngmt Incorporated has invested 0.4% in Baxter International Inc. (NYSE:BAX).

Since March 2, 2018, it had 0 insider purchases, and 5 sales for $5.13 million activity. 18,750 Baxter International Inc. (NYSE:BAX) shares with value of $1.21 million were sold by GAVIN JAMES R III. Shares for $243,408 were sold by HELLMAN PETER S. STORM KORNELIS J. also sold $3.10 million worth of Baxter International Inc. (NYSE:BAX) shares. The insider Shapazian Carole J sold 4,990 shares worth $329,590.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.03, from 0.91 in 2017Q3. It dived, as 55 investors sold JPM shares while 802 reduced holdings. 142 funds opened positions while 611 raised stakes. 2.46 billion shares or 1.60% less from 2.50 billion shares in 2017Q3 were reported. First Comml Bank invested in 1.98% or 112,409 shares. Acg Wealth holds 1.1% or 69,314 shares in its portfolio. Endurance Wealth Management Inc accumulated 2.33% or 135,884 shares. Needelman Asset Management Incorporated stated it has 14,918 shares or 3.99% of all its holdings. Welch Ltd Liability Ny holds 0.66% or 17,230 shares. California-based Intersect Cap Ltd Llc has invested 1.45% in JPMorgan Chase & Co. (NYSE:JPM). Smith Salley And accumulated 135,568 shares or 2.6% of the stock. Genesee Valley Trust invested 1.28% in JPMorgan Chase & Co. (NYSE:JPM). Field Main National Bank invested in 20,598 shares. Wellington Shields And Co Ltd reported 28,629 shares. Exxonmobil Investment Mgmt Tx owns 551,702 shares. Engineers Gate Manager LP invested in 12,634 shares. 62,407 were reported by Communication Of Toledo Na Oh. Heritage Wealth Advsrs holds 0.24% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 5,217 shares. Patten & Patten Tn owns 122,954 shares.

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 119 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Tuesday, September 26 with “Buy”. The firm has “Hold” rating given on Tuesday, January 2 by Robert W. Baird. The firm earned “Hold” rating on Friday, April 13 by Nomura. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by RBC Capital Markets on Friday, August 18. The stock has “Outperform” rating by KBW on Monday, August 17. Nomura maintained it with “Neutral” rating and $66 target in Thursday, April 14 report. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Hold” rating given on Wednesday, October 11 by Keefe Bruyette & Woods. The company was upgraded on Friday, January 15 by Atlantic Securities. The firm has “Overweight” rating given on Wednesday, February 21 by Morgan Stanley. Credit Suisse maintained the stock with “Outperform” rating in Monday, July 17 report.

Picton Mahoney Asset Management, which manages about $3.73B US Long portfolio, decreased its stake in Nvidia Corp (NASDAQ:NVDA) by 2,000 shares to 36,643 shares, valued at $7.09M in 2017Q4, according to the filing. It also reduced its holding in Stanley Black And Decker Inc (NYSE:SWK) by 2,400 shares in the quarter, leaving it with 75,550 shares, and cut its stake in Synchrony Finl (NYSE:SYF).

Since October 25, 2017, it had 1 buying transaction, and 9 insider sales for $22.34 million activity. $3.01 million worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Scher Peter on Friday, January 19. Friedman Stacey sold $214,019 worth of JPMorgan Chase & Co. (NYSE:JPM) on Wednesday, October 25. On Saturday, January 13 Erdoes Mary E. sold $7.31M worth of JPMorgan Chase & Co. (NYSE:JPM) or 65,101 shares. Another trade for 48,344 shares valued at $5.43M was made by Petno Douglas B on Saturday, January 13. Shares for $825,327 were bought by CROWN JAMES S. On Saturday, January 13 the insider BACON ASHLEY sold $1.84 million.

Baxter International Inc. (NYSE:BAX) Institutional Positions Chart

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