Community Trust & Investment Co. boosted its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 0.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 397,075 shares of the financial services provider’s stock after buying an additional 2,538 shares during the period. J P Morgan Chase & Co accounts for about 4.0% of Community Trust & Investment Co.’s portfolio, making the stock its 2nd largest position. Community Trust & Investment Co.’s holdings in J P Morgan Chase & Co were worth $34,880,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. Pacific Center for Financial Services bought a new position in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $106,000. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $125,000. Glacier Peak Capital LLC bought a new position in shares of J P Morgan Chase & Co during the fourth quarter worth approximately $129,000. Tortoise Investment Management LLC boosted its position in shares of J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,283 shares in the last quarter. Finally, Horrell Capital Management Inc. boosted its position in shares of J P Morgan Chase & Co by 5.0% in the first quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock worth $145,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 74.84% of the company’s stock.

J P Morgan Chase & Co (JPM) traded up 0.45% during trading on Tuesday, hitting $92.91. The stock had a trading volume of 2,670,202 shares. The stock has a 50-day moving average price of $92.03 and a 200-day moving average price of $88.58. J P Morgan Chase & Co has a 52 week low of $64.86 and a 52 week high of $95.22. The company has a market cap of $326.90 billion, a PE ratio of 13.71 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The business had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. J P Morgan Chase & Co’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 earnings per share. Equities analysts predict that J P Morgan Chase & Co will post $6.81 EPS for the current year.

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A number of research analysts have commented on JPM shares. Wells Fargo & Company started coverage on J P Morgan Chase & Co in a research note on Wednesday, August 9th. They set an “outperform” rating and a $110.00 price objective on the stock. Vetr cut J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price objective on the stock. in a research note on Monday, May 15th. Zacks Investment Research upgraded J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of J P Morgan Chase & Co in a research note on Friday, July 21st. Finally, Vining Sparks upgraded J P Morgan Chase & Co to an “outperform” rating and set a $95.00 price objective on the stock in a research note on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have issued a buy rating to the stock. J P Morgan Chase & Co has a consensus rating of “Hold” and an average price target of $85.53.

In related news, insider Nicole Giles sold 1,000 shares of the stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the transaction, the insider now directly owns 3,783 shares of the company’s stock, valued at $345,350.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Marianne Lake sold 17,596 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

About J P Morgan Chase & Co

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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