JPMorgan Chase & Co (NYSE: JPM) is 44.05% higher on its value in year-to-date trading and has touched a low of $150.09 and a high of $248.00 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 $245.31 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $245.03, the stock is 5.93% and 11.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.68 million and changing -0.11% at the moment leaves the stock 20.31% off its SMA200. JPM registered 61.79% gain for a year compared to 6-month gain of 25.28%. The firm has a 50-day simple moving average (SMA 50) of $219.4754 and a 200-day simple moving average (SMA200) of $203.30975.
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The stock witnessed a 8.72% loss in the last 1 month and extending the period to 3 months gives it a 14.22%, and is 2.40% 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 1.65% over the week and 1.90% over the month.
JPMorgan Chase & Co (JPM) has around 309926 employees, a market worth around $699.65B and $274.62B in sales. Current P/E ratio is 13.63 and Fwd P/E is 14.59. Profit margin for the company is 18.96%. Distance from 52-week low is 63.26% and -1.20% from its 52-week high. The company has generated returns on investments over the last 12 months (6.59%).
with sales reaching $40.86B over the same period.The EPS is expected to grow by 12.95% this year, but quarterly earnings will post 10.02% year-over-year. Quarterly sales are estimated to grow 5.93% in year-over-year returns.
JPMorgan Chase & Co (JPM) Top Institutional Holders
5148.0 institutions hold shares in JPMorgan Chase & Co (JPM), with institutional investors hold 74.07% of the company’s shares. The shares outstanding are 2.88B, and float is at 2.80B with Short Float at 0.94%. Institutions hold 73.73% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 271.36 million shares valued at $54.89 billion. The investor’s holdings represent 9.3307% of the JPM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 198.69 million shares valued at $40.19 billion to account for 6.8318 of the shares outstanding. The other top investors are STATE STREET CORP which holds 125.89 million shares representing 4.3286% and valued at over $25.46 billion, while MORGAN STANLEY holds 2.3453 of the shares totaling 68.21 million with a market value of $13.8 billion.
JPMorgan Chase & Co (JPM) Insider Activity
The most recent transaction is an insider sale by Friedman Stacey, the company’s General Counsel. SEC filings show that Friedman Stacey sold 4,415 shares of the company’s common stock on Jun 20 ’24 at a price of $197.58 per share for a total of $0.87 million. Following the sale, the insider now owns 37709.0 shares.
JPMorgan Chase & Co disclosed in a document filed with the SEC on Jun 10 ’24 that BACON ASHLEY (Chief Risk Officer) sold a total of 5,086 shares of the company’s common stock. The trade occurred on Jun 10 ’24 and was made at $199.54 per share for $1.01 million. Following the transaction, the insider now directly holds 0.21 million shares of the JPM stock.
Still, SEC filings show that on May 20 ’24, Beer Lori A (Chief Information Officer) disposed off 5,298 shares at an average price of $200.64 for $1.06 million. The insider now directly holds 46,375 shares of JPMorgan Chase & Co (JPM).
