JPMorgan Chase & Co. (NYSE:JPM) has a beta value of 1.10 and has seen 9.01 million shares traded in the last trading session. The company, currently valued at $630.15B, closed the last trade at $221.48 per share which meant it lost -$0.81 on the day or -0.36% during that session. The JPM stock price is -1.81% off its 52-week high price of $225.48 and 38.96% above the 52-week low of $135.19. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.69 million shares traded. The 3-month trading volume is 9.01 million shares.
The consensus among analysts is that JPMorgan Chase & Co. (JPM) is Buy stock at the moment, with a recommendation rating of 1.96. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 21 have rated it as a Hold, with 17 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 3.78.
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JPMorgan Chase & Co. (NYSE:JPM) trade information
Sporting -0.36% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the JPM stock price touched $221.48 or saw a rise of 1.4%. Year-to-date, JPMorgan Chase & Co. shares have moved 30.21%, while the 5-day performance has seen it change 5.00%. Over the past 30 days, the shares of JPMorgan Chase & Co. (NYSE:JPM) have changed 8.40%. Short interest in the company has seen 27.54 million shares shorted with days to cover at 2.69.
Wall Street analysts have a consensus price target for the stock at $211, which means that the shares’ value could drop -4.97% from current levels. The projected low price target is $120.0 while the price target rests at a high of $257.0. In that case, then, we find that the current price level is -16.04% off the targeted high while a plunge would see the stock lose 45.82% from current levels.
JPMorgan Chase & Co. (JPM) estimates and forecasts
Figures show that JPMorgan Chase & Co. shares have outperformed across the wider relevant industry. The company’s shares have gained 21.10% over the past 6 months, with this year growth rate of 3.20%, compared to -3.70% for the industry. Revenue growth from the last financial year stood is estimated to be 17.80%.
12 analysts offering their estimates for the company have set an average revenue estimate of 40.76B for the current quarter. 8 have an estimated revenue figure of 42.47B for the next ending quarter. Year-ago sales stood 36.82B and 41.85B respectively for this quarter and the next, and analysts expect sales will grow by 10.70% for the current quarter and 17.80% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 12.53% over the past 5 years. Earnings growth for 2024 is a modest 12.75% while over the next 5 years, the company’s earnings are expected to increase by 2.57%.
JPM Dividends
JPMorgan Chase & Co. is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 4.60 at a share yield of 2.08%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.77%.
JPMorgan Chase & Co. (NYSE:JPM)’s Major holders
Insiders own 0.45% of the company shares, while shares held by institutions stand at 73.74% with a share float percentage of 74.07%. Investors are also buoyed by the number of investors in a company, with JPMorgan Chase & Co. having a total of 5077.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 271.36 million shares worth more than $54.89 billion. As of 2024-06-30, VANGUARD GROUP INC held 9.3307% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 198.69 million shares as of 2024-06-30. The firm’s total holdings are worth over $40.19 billion and represent 6.8318% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund . As of Jun 30, 2024 , the former fund manager holds about 3.19% shares in the company for having 90.71 shares of worth $20.09 billion while later fund manager owns 73.7 shares of worth $16.32 billion as of Jun 30, 2024 , which makes it owner of about 2.59% of company’s outstanding stock.
