Financial services giant JPMorgan Chase (NYSE:JPM) will release its first-quarter 2024 financial results on Friday, April 12. Analysts expect the bank to report earnings of $4.17 per share, compared to $4.1 in the prior-year quarter. As Wall Street analysts expect JPM’s EPS to improve both on a year-over-year and sequential basis, it’s the right time to delve into its ownership structure.
Now, according to TipRanks’ ownership page, public companies and individual investors own 58.24% of JPM. They are followed by mutual funds, other institutional investors, and insiders at 21.44%, 17.33%, and 2.99%, respectively.
Digging Deeper into JPM’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard owns an 8.38% stake in JPM stock. Next up is Vanguard Index Funds, which holds a 6.55% stake in the company.
Among the institutions, the Hedge Fund Confidence Signal is Negative on JPM stock based on the activity of 68 hedge funds. Hedge funds decreased their JPM holdings by 669.7K shares in the last quarter.
Meanwhile, individual investors have a Vey Negative view of the company, given that in the last 30 days, the number of portfolios (tracked by TipRanks) holding JPM stock decreased by 2.9%. Overall, among the 726,024 portfolios monitored by TipRanks, 1.5% have invested in JPMorgan Chase stock.
What Is the Outlook for JPM?
JPMorgan Chase stock is up about 56% in one year. Looking ahead, Wall Street is cautiously optimistic about JPM stock. It has received 17 Buy and six Hold recommendations for a Moderate Buy consensus rating. Further, the average JPM stock price target of $203.80 indicates that it has the potential to go up by 4.28% from current levels.
Conclusion
TipRanks’ Ownership tool provides JPM ownership structure by category, enabling investors to make well-informed investing decisions.
For a thorough assessment of JPM stock, go to TipRanks’ Stock Analysis page.
