JPMorgan Chase & Co. (NYSE:JPM) is on recovery track with 45.05% gain from a 1-year low price of $67.64. The company added 0.12% to attain the price of $98.11 on 10/19/2017. Throughout the recent session, the prices were hovering between $97.09 and $98.2. These shares are -0.39% up from its target price of $97.73 and the current market capitalization stands at $345.71B. The recent change has given its price a 5.13% lead over SMA 50 and -0.45% deficit over its 52-week high. The stock witnessed 3.71% gains, 7.94% gains and 16.08% 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 1.3% and during a month it has been found around 1.17%.
JPMorgan Chase & Co. (JPM) Top Holders
Institutional investors currently hold around $257.87 billion or 75.4% in JPM stock. Look at its top three institutional owners. Vanguard Group Inc owns $24.49 billion in JPMorgan Chase & Co., which represents roughly 7.08% of the company’s market cap and approximately 9.5% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 227,435,578 shares of the stock are valued at $22.29 billion. The third largest holder is State Street Corp, which currently holds $16.33 billion worth of this stock and that ownership represents nearly 4.72% of its market capitalization.
JPMorgan Chase & Co. 13F Filings
At the end of 06/30/2017 reporting period, 1,072 institutional holders increased their position in JPMorgan Chase & Co. (NYSE:JPM) by some 74,917,372 shares, 929 decreased positions by 109,464,185 and 255 held positions by 2,447,176,014. That puts total institutional holdings at 2,631,557,571 shares, according to SEC filings. The stock grabbed 138 new institutional investments totaling 6,794,802 shares while 64 institutional investors sold out their entire positions totaling 14,621,431 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 General Counsel Friedman Stacey has sold 9,968 shares of JPMorgan Chase & Co. (JPM) in trading session dated Aug. 21, 2017. These shares are worth $902,602 and were traded at $90.55 each. The SEC filing shows that Giles Nicole performed a sale of 1,000 shares. The Corporate Controller disposed these shares by way of transaction on Jul. 18, 2017. The company’s shares were given away at $91.29 per share worth to an income of some $91,290 on account of Giles Nicole.
CFO, Lake Marianne, sold 17,596 common shares of JPMorgan Chase & Co. (JPM) in the open market. In a transaction dated Jul. 17, 2017, the shares were put up for sale at an average price of $91.58, raking in a sum of $1,611,442. After this sale, 44,711 common shares of JPM are directly owned by the insider, with total stake valued at $4,386,596.
In the transaction dated May. 11, 2017, the great number of shares disposed came courtesy the Chief Risk Officer; Bacon Ashley disposed a total of 6,514 shares at an average price of $87.21, amounting to approximately $568,086. The insider now directly owns 47,384 shares worth $4,648,844.
JPMorgan Chase & Co. (JPM) Analyst Guide
Several analysts have released their opinion on JPMorgan Chase & Co. (NYSE:JPM), with 7 analysts believing it is a strong buy. Whereas 12 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.26 average brokerage recommendation.