JPMorgan Chase & Co. (NYSE:JPM) recovered 27.56% of its value since hitting low of $91.11. The recent move of 0.44% gain helped the stock to close at $116.22 when trading ended on 7/26/2019. At a recent session, the prices were hovering between $115.53 and $116.51. This company shares are 3.47% off its target price of $120.25 and the current market capitalization stands at $375.36B. The recent change has given its price a 4.49% lead over SMA 50 and -2.53% deficit over its 52-week high. The stock witnessed 7.13% gains, 1.53% gains and 12.41% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found JPM’s volatility during a week at 1.32% and during a month it has been found around 1.29%.
What Does JPMorgan Chase & Co. (JPM) Do?
The company describes itself in regulatory filings as, “JPMorgan Chase & Co. is a financial holding company, which provides financial and investment banking services. It offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure; capital raising in equity and debt markets; sophisticated risk management; market making in cash securities and derivative instruments; and prime brokerage and research. It operates its business through the following segments: Consumer and Community Banking; Corporate and Investment Bank; Commercial Banking; and Asset and Wealth Management. The Consumer and Community Banking segment serves consumers and businesses through personal service at bank branches and through automated teller machine, online, mobile, and telephone banking. The Corporate and Investment Bank segment offers a suite of investment banking, market-making, prime brokerage, and treasury and securities products and services to a global client base of corporations, investors, financial institutions, government and municipal entities. The Commercial Banking segment delivers services to U.S. and its multinational clients, including corporations, municipalities, financial institutions, and non profit entities. It also provides financing to real estate investors and owners as well as financial solutions, including lending, treasury services, investment banking, and asset management. The Asset and Wealth Management segment provides asset and wealth management services. It offers investment management across all major asset services, including equities, fixed income, alternatives, and money market funds. The company was founded in 1968 and is headquartered in New York, NY.” [Text can be found here: https://www.marketwatch.com/investing/stock/JPM/profile under company description.]JPMorgan Chase & Co. (JPM) Top Holders
Institutional investors currently hold around $273.37 billion or 74% in JPM stock. Look at its top three institutional owners: Vanguard Group Inc owns $30.35 billion in JPMorgan Chase & Co., which represents roughly 8.09% of the company’s market cap and approximately 11.1% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 221,952,699 shares of the stock are valued at $25.8 billion. The third largest holder is State Street Corp, which currently holds $17.46 billion worth of this stock and that ownership represents nearly 4.65% of its market capitalization.JPMorgan Chase & Co. 13F Filings
At the end of March reporting period, 1,287 institutional holders increased their position in JPMorgan Chase & Co. (NYSE:JPM) by some 74,203,818 shares, 1,135 decreased positions by 122,866,808 and 271 held positions by 2,155,000,000. That puts total institutional holdings at 2,352,000,000 shares, according to SEC filings. The stock grabbed 127 new institutional investments totaling 6,846,826 shares while 89 institutional investors sold out their entire positions totaling 3,921,574 shares.JPMorgan Chase & Co. (NYSE:JPM) Insider Trades
Multiple company employees have indulged in significant insider trading. JPMorgan Chase & Co. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Executive Vice President Scher Peter has sold 10,816 shares of JPMorgan Chase & Co. (JPM) in the trading session dated Jul. 18, 2019. These shares are worth $1,243,840 and were traded at $115 each. The SEC filing shows that Beer Lori A performed a sale of 13,341 shares. The Chief Information Officer disposed these shares by way of transaction on Jul. 17, 2019. The company’s shares were given away at $114.28 per share worth to an income of some $1,524,609 to the account of Beer Lori A.
Director, HOBSON MELLODY L, purchased 1,700 common shares of JPMorgan Chase & Co. (JPM) in the open market. In a transaction dated Apr. 18, 2019, the shares were bought at an average price of $114.26, giving away a sum of $194,242. After this purchase, 82,840 common shares of JPM are directly owned by the insider, with total stake valued at $9,627,616.
In the transaction dated Apr. 16, 2019, a great number of shares acquired came courtesy the Director; HOBSON MELLODY L added a total of 18,000 shares at an average price of $111.02, amounting to approximately $1,998,360. The insider now directly owns 81,140 shares worth $9,430,042.JPMorgan Chase & Co. (JPM) Analyst Guide
Several analysts have released their opinion on JPMorgan Chase & Co. (NYSE:JPM), with 8 analysts believing it is a strong buy. Whereas 13 of them predict the stock is a hold. Also, there are 7 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.28 average brokerage recommendation [T1].