JPMorgan Chase & Co. Stock Sees Significant Adjustments from Institutional Investors
JPMorgan Chase & Co.'s (NYSE:JPM) stock price has received attention from various institutional investors, including Global Assets Advisory LLC. The company recently disclosed that Global Assets Advisory LLC lowered its stake in JPMorgan Chase & Co. by 69.6% during the second quarter.
The institutional investor owned 4,290 shares of the financial services provider's stock after selling 9,842 shares during the period. This reduction in holdings was valued at $1,433,000 as of its most recent filing with the Securities and Exchange Commission.
Global Assets Advisory LLC is not alone in adjusting its position in JPMorgan Chase & Co. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. For example, Arkansas Financial Group Inc. raised its holdings in JPMorgan Chase & Co. by 1.1% during the second quarter.
Additionally, various brokerages have issued reports on JPMorgan Chase & Co., including an upgrade from Deutsche Bank Aktiengesellschaft to a 'buy' rating with a price objective of $375.00.