In the last trading session, 13,071,554 shares of the JPMorgan Chase & Co. (NYSE:JPM) were traded, and its beta was 1.21. Most recently the company’s share price was $152.54, and it changed around -$1.08 or -0.01% from the last close, which brings the market valuation of the company to $465.48 Billion. JPM currently trades at a discount to its 52-week high of $161.69, offering almost -6% off that amount. The share price’s 52-week low was $82.4, which indicates that the current value has risen by an impressive 45.98% since then. We note from JPMorgan Chase & Co.’s average daily trading volume that its 10-day average is 16.01 Million shares, with the 3-month average coming to 15.52 Million.
JPMorgan Chase & Co. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.2. If we narrow it down even further, the data shows that 2 out of 27 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 6 recommended JPM as a Hold, whereas 16 deemed it a Buy, and 1 rated it as Underweight. JPMorgan Chase & Co. is expected to report earnings per share of $3 for the current quarter.
JPMorgan Chase & Co. (NYSE:JPM): Trading Information
Although JPM has showed a red trend with a performance of -0.7% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $155.8 on Tuesday, Mar 30 increased the stock’s daily price by 2.14%. The company’s shares are currently up 0.2% year-to-date, but still down -0.0009 over the last five days. On the other hand, JPMorgan Chase & Co. (NYSE:JPM) is 0.01% up in the 30-day period. We can see from the shorts that 21.03 Million shares have been sold at a short interest cover period of 1.36 day (s).
The consensus price target as assigned by Wall Street analysts is $160.64, which translates to bears needing to increase their stock price by 5.31% from its current value. Analyst projections state that JPM is forecast to be at a low of $95 and a high of $185. In order for the stock price to hit the forecast high, the stock would need to surge +21.28% from its current level, while the stock would need to crash -37.72% from its current level to reach the projected low.
JPMorgan Chase & Co. (JPM) projections and forecasts
JPMorgan Chase & Co. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +55.83 percent over the past six months and at a 23.2% annual growth rate that is well below the industry average of 32.9%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +284.6% in revenue this quarter, and will report an increase of 106.5% in the next quarter. The year-over-year growth rate is expected to be -4.4%, down from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of $30.28 Billion in revenue for the current quarter. 15 analysts expect JPMorgan Chase & Co. to make $29.23 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $29.07 Billion and $30.29 Billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.2%. Forecasts for the next quarter put sales growth at -3.5%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8.1%. JPMorgan Chase & Co. earnings are expected to decrease by -17.2% in 2021, but the outlook is positive 1.28% per year for the next five years.
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JPM Dividend Yield
JPMorgan Chase & Co.’s next quarterly earnings report is expected to be released around April 14, 2021. The annual dividend yield of the stock is 2.34 percent and its annual dividend per share was $3.6. It is important to note, however, that the 2.34% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.57% per year.
JPMorgan Chase & Co. (NYSE:JPM)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.87% of JPMorgan Chase & Co. shares, and 72.87% of them are in the hands of institutional investors. The stock currently has a share float of 73.5%. JPMorgan Chase & Co. stock is held by 3839 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 7.98% of the shares, which is about 243.41 Million shares worth $30.93 Billion.
Blackrock Inc., with 6.31% or 192.57 Million shares worth $24.47 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 85909556 shares worth $10.92 Billion, making up 2.82% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 61.07 Million shares worth around $7.76 Billion, which represents about 2% of the total shares outstanding.