The New Jpmorgan Chase & Co Holding in Toll Brothers Inc
Jpmorgan Chase & Co filed with the SEC SC 13G/A form for Toll Brothers Inc. The form can be accessed here: 000001961716001222. As reported in Jpmorgan Chase & Co’s form, the filler as of late owns 3.8% or 6,342,154 shares of the Consumer Discretionary–company.
Toll Brothers Inc stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Jpmorgan Chase & Co’s positive view for the stock.
Toll Brothers Inc Institutional Sentiment
Latest Security and Exchange filings show 354 investors own Toll Brothers Inc. The institutional ownership in Q3 2015 is very high, at 78.77% of the outstanding shares. This is decreased by 11097743 the total institutional shares. 129173182 were the shares owned by these institutional investors. In total 49 funds opened new Toll Brothers Inc stakes, 132 increased stakes. There were 37 that closed positions and 103 reduced them.
7 managers had the stock in their top Ten. Notable investors are: Element Capital Management Llc, Trinity Street Asset Management Llp, Mark Asset Management Corp, Covalent Partners Llc, Dudley & Shanley Llc..
Morris Mark Mark Asset Management Corp is an institutional investor bullish on Toll Brothers Inc, owning 483326 shares as of Q3 2015 for 4.82% of its portfolio. Dudley & Shanley Llc owns 751290 shares or 5.70% of its portfolio. MA Capital Growth Management Lp have 6.95% of their stock portfolio for 6300000 shares. Further, Element Capital Management Llc reported stake worth 6.98% of its US stock portfolio. The X0 Trinity Street Asset Management Llp owns 1234791 shares. Toll Brothers Inc is 11.54% of the manager’s US portfolio.
Toll Brothers, Inc. designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities. The Company caters to move-up, empty nester, active-adult, age-qualified and second-home buyers in the United States (Traditional Home Building Product). The Company operates in two segments: traditional home building and urban infill. Within traditional home building, it operates in approximately five geographic segments around the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California. It also builds and sells homes in urban infill markets through Toll Brothers City Living (City Living). As of October 31, 2015, it was operating in approximately 20 states.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
Insitutional Activity: The institutional sentiment increased to 1.14 in 2016 Q2. Its up 0.08, from 1.06 in 2016Q1. The ratio is positive, as 40 funds sold all Toll Brothers Inc shares owned while 105 reduced positions. 35 funds bought stakes while 130 increased positions. They now own 126.11 million shares or 5.24% less from 133.09 million shares in 2016Q1.
Parallax Volatility Advisers Limited Partnership accumulated 0% or 468 shares. Inv House Ltd Liability Corporation has 27,335 shares for 0.12% of their US portfolio. Prudential Finance Inc holds 0.03% or 583,839 shares in its portfolio. Teachers Retirement Systems Of The State Of Kentucky holds 0.01% or 35,200 shares in its portfolio. Ameritas Prtnrs Incorporated has 0.04% invested in the company for 24,125 shares. Goldman Sachs Gp last reported 1.19 million shares in the company. Ejf Cap holds 0.08% of its portfolio in Toll Brothers Inc (NYSE:TOL) for 30,000 shares. The Georgia-based Invesco has invested 0% in Toll Brothers Inc (NYSE:TOL). Commonwealth Equity Services has invested 0.01% of its portfolio in Toll Brothers Inc (NYSE:TOL). State Bank Of Montreal Can last reported 430,428 shares in the company. Bnp Paribas Invest Prtn accumulated 0% or 12,541 shares. Matthew 25 accumulated 1.96% or 260,000 shares. State Of New Jersey Common Pension Fund D holds 0.27% or 2.25 million shares in its portfolio. Jpmorgan Chase Co has 0.06% invested in the company for 9.13M shares. Vanguard Group Inc Incorporated accumulated 11.22 million shares or 0.02% of the stock.
Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 2 selling transactions for $655,260 net activity. Hartman Richard T. sold $567,916 worth of stock. MARBACH CARL B also sold $87,344 worth of Toll Brothers Inc (NYSE:TOL) shares.
The stock decreased 1.15% or $0.32 during the last trading session, hitting $27.49. About 2.51 million shares traded hands or 32.11% up from the average. Toll Brothers Inc (NYSE:TOL) has declined 5.18% since April 6, 2016 and is downtrending. It has underperformed by 8.32% the S&P500.
Toll Brothers, Inc. designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities. The company has a market cap of $4.57 billion. The Firm caters to move-up, empty nester, active-adult, age-qualified and second-home buyers in the United States . It has a 11.85 P/E ratio. The Firm operates in two divisions: traditional home building and urban infill.
Toll Brothers Inc (NYSE:TOL) Ratings Coverage
Out of 19 analysts covering Toll Brothers (NYSE:TOL), 8 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 42% are positive. $48 is the highest target while $29 is the lowest. The $37.50 average target is 36.41% above today’s ($27.49) stock price. Toll Brothers has been the topic of 35 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of Toll Brothers Inc (NYSE:TOL) earned “Neutral” rating by JP Morgan on Friday, September 11. The firm has “Positive” rating by Susquehanna given on Monday, October 5. The stock of Toll Brothers Inc (NYSE:TOL) has “Mkt Perform” rating given on Monday, January 25 by JMP Securities. The stock of Toll Brothers Inc (NYSE:TOL) earned “Sector Perform” rating by RBC Capital Markets on Thursday, February 25. M Partners maintained it with “Buy” rating and $45.0 target price in Wednesday, August 26 report. The rating was upgraded by RBC Capital Markets to “Sector Perform” on Thursday, December 10. The stock of Toll Brothers Inc (NYSE:TOL) has “Sector Perform” rating given on Thursday, February 18 by RBC Capital Markets. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, October 13. The firm has “Buy” rating by Buckingham Research given on Monday, July 18. The company was upgraded on Tuesday, January 5 by FBN Securities.
Another recent and important Toll Brothers Inc (NYSE:TOL) news was published by Seekingalpha.com which published an article titled: “Toll Brothers moves into Boise with acquisition” on November 07, 2016.
According to Zacks Investment Research, “TOLL BROTHERS INC. designs, builds, markets and arranges financing for single-family detached and attached homes in middle and high income residential communities in thirteen staes and five regions around the country. The communities are generally located on land Co. has developed, although, due to the poor economic conditions during the early 1990’s, Co. has been able to acquire a number of fully approved parcels and often improved subdivisions.”
TOL Company Profile
Toll Brothers, Inc., incorporated on May 28, 1986, is a property development company. The Firm is engaged in designing, building, marketing and arranging finance for detached and attached homes in luxury residential communities. The Firm caters to move-up, empty-nester, active-adult, age-qualified and second-home buyers in the United States. The Firm also manufactures and sells homes in urban infill markets through Toll City Living community. The Firm operates on own land development, architectural, engineering, mortgage, title, landscaping, security monitoring, lumber distribution, house component assembly, and manufacturing operations. The Firm also develops, owns and operates golf courses and country clubs, which are associated with planned communities.
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