Archford Capital Strategies Trims JPMorgan Stake Amid Positive Analyst Sentiment

Archford Capital Strategies LLC has made adjustments to its portfolio by reducing its position in JPMorgan Chase & Co. (NYSE:JPM) by 21.1% in the second quarter, according to a recent filing with the SEC.

The company owned 22,153 shares of JPMorgan's stock after selling 5,941 shares during this period, with its holdings valued at $7,251,000 as of its most recent filing.

JPMorgan Chase & Co.'s institutional ownership stands at a significant 71.55%, with several other investors also making adjustments to their stakes in the company.

Despite some negative sentiment due to JPM's credit-loss reserve growing despite declining provisions, analysts collectively maintain a 'Moderate Buy' recommendation for the stock, citing favorable Zacks indicators and strong earnings-surprise history.