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Why JPMorgan Chase & Co. (JPM) Stock Could See Much Higher Prices Ahead

JPMorgan Chase & Co. (NYSE: JPM) is 16.91% higher on its value in year-to-date trading and has touched a low of $126.22 and a high of $200.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The JPM stock was last observed hovering at around $198.94 in the last trading session, with the day’s loss setting it -0.08%.

Currently trading at $198.86, the stock is 3.13% and 8.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.01 million and changing -0.04% at the moment leaves the stock 24.70% off its SMA200. JPM registered 54.45% gain for a year compared to 6-month gain of 37.13%.

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The stock witnessed a 7.32% loss in the last 1 month and extending the period to 3 months gives it a 16.91%, and is 2.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.23% over the week and 1.48% over the month.

JPMorgan Chase & Co. (JPM) has around 309926 employees, a market worth around $572.79B and $242.56B in sales. Current P/E ratio is 12.26 and Fwd P/E is 12.13. Profit margin for the company is 19.69%. Distance from 52-week low is 57.55% and -1.04% from its 52-week high. The company has generated returns on investments over the last 12 months (6.84%).

JPMorgan Chase & Co. quarterly earnings per share for the current quarter are estimated at $4.21 with sales reaching $42.01B over the same period.The EPS is expected to shrink by -1.51% this year, but quarterly earnings will post 0.60% year-over-year. Quarterly sales are estimated to grow 6.80% in year-over-year returns.

JPMorgan Chase & Co. (JPM) Top Institutional Holders

4,816 institutions hold shares in JPMorgan Chase & Co. (JPM), with institutional investors hold 73.88% of the company’s shares. The shares outstanding are 2.88B, and float is at 2.85B with Short Float at 0.75%. Institutions hold 73.20% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 273.45 million shares valued at $39.77 billion. The investor’s holdings represent 9.41% of the JPM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 192.27 million shares valued at $27.96 billion to account for 6.62% of the shares outstanding. The other top investors are State Street Corporation which holds 126.24 million shares representing 4.34% and valued at over $18.36 billion, while Morgan Stanley holds 2.16% of the shares totaling 62.74 million with a market value of $9.12 billion.

JPMorgan Chase & Co. (JPM) Insider Activity

The most recent transaction is an insider sale by Beer Lori A,the company’sChief Information Officer. SEC filings show that Beer Lori A sold 3,920 shares of the company’s common stock on Mar 25 ’24 at a price of $195.36 per share for a total of $0.77 million. Following the sale, the insider now owns 64783.0 shares.

JPMorgan Chase & Co. disclosed in a document filed with the SEC on Feb 22 ’24 that DIMON JAMES (Chairman & CEO) sold a total of 821,778 shares of the company’s common stock. The trade occurred on Feb 22 ’24 and was made at $182.73 per share for $150.17 million. Following the transaction, the insider now directly holds 0.6 million shares of the JPM stock.

Still, SEC filings show that on Feb 22 ’24, Rohrbaugh Troy L (Co-CEO Comm. & Invest. Bank) disposed off 75,000 shares at an average price of $182.74 for $13.71 million. The insider now directly holds 166,289 shares of JPMorgan Chase & Co. (JPM).

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