Grupo Financiero Galicia S A (GGAL) Stock Price Declined While Pointstate Capital LP Trimmed Holding; Qvt Financial LP Has Cut Holding in Jpmorgan Chase & Co (JPM) by $933,224

May 22, 2018 - By Marguerite Chambers

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Pointstate Capital Lp decreased its stake in Grupo Financiero Galicia S A (GGAL) by 48.81% based on its latest 2017Q4 regulatory filing with the SEC. Pointstate Capital Lp sold 459,167 shares as the company’s stock declined 0.09% with the market. The hedge fund held 481,537 shares of the commercial banks company at the end of 2017Q4, valued at $31.71 million, down from 940,704 at the end of the previous reported quarter. Pointstate Capital Lp who had been investing in Grupo Financiero Galicia S A for a number of months, seems to be less bullish one the $6.60B market cap company. The stock increased 0.19% or $0.09 during the last trading session, reaching $46.69. About 422,812 shares traded. Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has risen 69.37% since May 22, 2017 and is uptrending. It has outperformed by 57.82% the S&P500.

Daniel Gold decreased its stake in Jpmorgan Chase & Co (JPM) by 10.4% based on its latest 2017Q4 regulatory filing with the SEC. Qvt Financial Lp sold 8,804 shares as the company’s stock rose 0.67% while stock markets declined. The hedge fund run by Daniel Gold held 75,849 shares of the major banks company at the end of 2017Q4, valued at $8.11M, down from 84,653 at the end of the previous reported quarter. Qvt Financial Lp who had been investing in Jpmorgan Chase & Co for a number of months, seems to be less bullish one the $381.79B market cap company. The stock increased 0.92% or $1.02 during the last trading session, reaching $112.15. About 9.44M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.99% since May 22, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.

Another recent and important Grupo Financiero Galicia S.A. (NASDAQ:GGAL) news was published by Streetinsider.com which published an article titled: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” on May 15, 2018.

Among 4 analysts covering Grupo Financiero Galicia (NASDAQ:GGAL), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Grupo Financiero Galicia had 6 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was downgraded by Zacks to “Buy” on Friday, August 7. On Tuesday, March 29 the stock rating was initiated by Credit Suisse with “Neutral”. The stock has “Neutral” rating by Citigroup on Monday, August 22. The firm has “Outperform” rating given on Friday, October 28 by Credit Suisse. JP Morgan upgraded the shares of GGAL in report on Tuesday, February 9 to “Neutral” rating.

Pointstate Capital Lp, which manages about $10.76 billion and $10.30 billion US Long portfolio, upped its stake in Windstream Hldgs Inc by 3.43 million shares to 7.86M shares, valued at $14.53 million in 2017Q4, according to the filing. It also increased its holding in Citizens Finl Group Inc (NYSE:CFG) by 649,296 shares in the quarter, for a total of 2.04 million shares, and has risen its stake in Visa Inc (NYSE:V).

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Benzinga.com which released: “JPMorgan, HSBC, Citigroup, Early Warning Execs Talk Fintech Collaboration” on May 15, 2018, also Livetradingnews.com with their article: “JPMorgan Chase & Co. (NYSE:JPM) Trending Upwards” published on May 11, 2018, Seekingalpha.com published: “King Dimon – For Now | JPMorgan” on April 26, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Seekingalpha.com and their article: “JPMorgan Chase: A Compelling Upside Case” published on May 03, 2018 as well as Nasdaq.com‘s news article titled: “Look Here for Safe High-Yield Investments and Guaranteed Returns” with publication date: May 21, 2018.

Qvt Financial Lp, which manages about $8.91 billion and $1.77B US Long portfolio, upped its stake in Nordic American Tankers Limi (NYSE:NAT) by 2.06 million shares to 3.70 million shares, valued at $8.55 million in 2017Q4, according to the filing. It also increased its holding in Patterson Uti Energy Inc (NASDAQ:PTEN) by 129,400 shares in the quarter, for a total of 291,100 shares, and has risen its stake in Iovance Biotherapeutics Inc.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.03, from 0.91 in 2017Q3. It worsened, 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. Davenport & Limited Liability holds 1.37 million shares or 1.76% of its portfolio. Joel Isaacson & Co Ltd Liability holds 0.41% in JPMorgan Chase & Co. (NYSE:JPM) or 22,295 shares. 37,290 were reported by Washington Mngmt. Halsey Associates Inc Ct reported 0.75% stake. The California-based Amer Assets Investment Management Ltd Com has invested 3.28% in JPMorgan Chase & Co. (NYSE:JPM). Albion Financial Grp Inc Ut stated it has 122,061 shares or 1.99% of all its holdings. Stewart & Patten Ltd Liability Corp holds 279,266 shares. Alpha Windward Llc invested 0.38% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Sentry Invests holds 1.88% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 1.38M shares. Court Place Advsr Limited Liability has 1.03% invested in JPMorgan Chase & Co. (NYSE:JPM) for 23,282 shares. Profit Investment Mgmt Limited Liability Co has 1.05% invested in JPMorgan Chase & Co. (NYSE:JPM). Keybank Natl Association Oh has 2.39M shares. First Pacific Advsrs Llc holds 0.01% or 16,000 shares in its portfolio. 64,753 are held by Apriem Advsrs. Manufacturers Life The reported 12.59 million shares.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13. They expect $2.26 earnings per share, up 24.18% or $0.44 from last year’s $1.82 per share. JPM’s profit will be $7.69B for 12.41 P/E if the $2.26 EPS becomes a reality. After $2.37 actual earnings per share reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -4.64% negative EPS growth.

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 120 analyst reports since July 21, 2015 according to SRatingsIntel. Vetr upgraded JPMorgan Chase & Co. (NYSE:JPM) rating on Tuesday, September 1. Vetr has “Buy” rating and $71.88 target. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Hold” rating given on Wednesday, October 11 by Keefe Bruyette & Woods. The firm earned “Hold” rating on Wednesday, August 23 by BMO Capital Markets. The firm earned “Neutral” rating on Friday, September 9 by Macquarie Research. The stock has “Neutral” rating by Robert W. Baird on Friday, October 13. The firm has “Outperform” rating by Vining Sparks given on Friday, April 28. DZ Bank upgraded the stock to “Hold” rating in Wednesday, January 17 report. The rating was maintained by Credit Suisse on Monday, March 19 with “Outperform”. Keefe Bruyette & Woods maintained JPMorgan Chase & Co. (NYSE:JPM) on Tuesday, October 3 with “Hold” rating. The firm has “Buy” rating by Barclays Capital given on Tuesday, January 2.

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