Director Hobson Mellody L acquired 1,150 shares in JPMorgan Chase & Co. (NYSE:JPM) for $59,987 in transaction occurred on 2018/10/19. After making this transaction, the Director owns a direct stake of 125,281 shares, worth $6,044,290, as per the last closing price. On 2018/07/23 Smith Gordon, Co-President & COO, CEO CCB at JPM, dumped 30,725 shares at an average price of $114.01 per share. The selling total is valued at $32,803,526.
Separately, it had been reported that some other JPM insiders also took part of the insider trading activity. Director, Combs Todd A. had invested in 13,000 shares for $18,277 through a trade on 2018/05/14. Following this activity, the insider holds 1,489,930 shares worth $1,841,591 as of recent close. Wall Street’s most bullish JPMorgan Chase & Co. (NYSE:JPM) analysts are predicting the share price to blow past $140 per share during the next 12 months. The current median share price forecast by them is $121, suggesting that the stock could increase 20.09% in that time frame. The average price target of $122.44 calls for a nearly 21.52% increase in the stock price.
JPMorgan Chase & Co. (JPM) trading activity significantly weakened as the volume at ready counter decreased to 14,513,096 shares versus 21,136,744 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 16,080,774 shares. The share price rose 0.07% in recent trade and currently has a stock-market value of $340.18B. The shares finished at $100.76, after trading as low as $99.7103 earlier in the session. It hit an intraday high Monday at $101.47. The stock is now 10.59% above against its bear-market low of $91.11 on December 26, 2018. It has retreated -18.43% since it’s 52-week high of $119.33 reached in February. Now the market price is down -7.59% on the year and up 3.22% YTD.
JPM’s 50 day simple moving average (SMA 50) price is $104.58 and its 200-day simple moving average (SMA 200) price is $109.68. The company’s stock currently has a total float of 3.3B shares. Its weekly volatility is hovering around 2.57% and felt 3.02% volatility in price over a month. On the upside, the share price will test short term resistance at around $101.58. On a downside, the stock is likely to find some support, which begins at $99.82. The failure to get near-term support could push it to $98.89.
It had seen a change in price target from analysts at Barclays, who reiterated the stock at Overweight on January 02 but moved PT from $135 to $140. Analysts at Atlantic Equities, shed their positive views on December 19 by lowering it fromOverweight to Neutral. Analysts at HSBC Securities, made their first call about the stock on April 11, recommending it is Hold.
When looking at valuations, JPMorgan Chase & Co. (JPM) has a cheap P/E of 11.69x as compared to industry average of 19.01x. Moreover, it trades for 10.02 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.47x price/book and 4.63x price/sales. Compared to others, JPMorgan Chase & Co. is in a different league with regards to profitability, having net margins of 37.9%. To put some perspective around this, the industry’s average net margin is 29.87%. JPM’s ROE is 12.1%, which is also considerably worse than the industry’s ROE of 16.14%.
Shares of JPMorgan Chase & Co. (JPM) have dropped -6.9% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, JPMorgan Chase & Co. (NYSE:JPM) has topped consensus earnings estimates in 12 quarters (100%), missed earnings in 0 quarters (0%), whereas at 0 occasion EPS met analyst expectations. JPM last reported earnings on October 12, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $2.34 per share, -38.26% change on the same period last year. That was better than consensus for $2.25. Revenue for the recent quarter stood at $27.82 billion, up 6% on last year and above the $27.5 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $28.66 billion to $30.28 billion, which should be compared with $28.66 billion generated last year. EPS is seen in a range of $2.44 to $2.74, against the $2.04 reported a year ago.