JPMorgan Amends ISG Stake: Ownership Update Filed Jan 23
Ticker: III · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1371489
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, portfolio-update
TL;DR
**JPMorgan updated its ISG stake, watch for potential market reaction.**
AI Summary
JPMorgan Chase & Co. filed an amended SC 13G/A on January 23, 2024, indicating a change in their beneficial ownership of Information Services Group Inc. common stock as of December 29, 2023. This filing, an amendment (Amendment No. 01), updates their previous disclosure, signaling a potential adjustment in their investment strategy or a rebalancing of their portfolio. For investors, this matters because large institutional holdings can influence stock stability and market perception, and a change might suggest a shift in a major player's confidence in ISG's future performance.
Why It Matters
This filing shows a major institutional investor, JPMorgan Chase & Co., has updated its position in Information Services Group Inc., which can signal changes in institutional confidence or investment strategy.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institution, not indicating any immediate or significant risk to the company or its investors.
Analyst Insight
Investors should monitor future 13F filings to see the exact change in JPMorgan's holdings and consider if this aligns with their own investment thesis for Information Services Group Inc.
Key Players & Entities
- JPMorgan Chase & Co. (company) — the entity filing the SC 13G/A amendment
- Information Services Group Inc. (company) — the subject company whose securities are being reported
- December 29, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the date the SC 13G/A amendment was filed
- 0001371489 (number) — Central Index Key (CIK) for Information Services Group Inc.
- 0000019617 (number) — Central Index Key (CIK) for JPMorgan Chase & Co.
Forward-Looking Statements
- JPMorgan Chase & Co. will continue to hold a significant, but potentially adjusted, stake in Information Services Group Inc. (JPMorgan Chase & Co.) — high confidence, target: Q1 2025
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment (Amendment No. 01) to a Schedule 13G filing, as stated in the filing's title and form type.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is JPMorgan Chase & Co., as indicated in the 'FILED BY' section of the filing.
What is the subject company of this filing?
The subject company is Information Services Group Inc., as stated in the 'SUBJECT COMPANY' section and the filing's title.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023, as explicitly mentioned in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'x' next to 'Rule 13d-1(b)' in the filing.
Filing Stats: 958 words · 4 min read · ~3 pages · Grade level 8.1 · Accepted 2024-01-23 09:40:30
Key Financial Figures
- $0.001 — INC. (Name of Issuer) Common Stock, $0.001 par value (Title of Class of Securiti
Filing Documents
- INFORMATION_SERVICES_GROUP.htm (SC 13G/A) — 86KB
- 0000019617-24-000123.txt ( ) — 88KB
From the Filing
SC 13G/A 1 INFORMATION_SERVICES_GROUP.htm FILING INFORMATION SERVICES GROUP, INC. Schedule 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 01 )* INFORMATION SERVICES GROUP, INC. (Name of Issuer) Common Stock, $0.001 par value (Title of Class of Securities) 45675Y104 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 45675Y104 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JPMORGAN CHASE & CO. 13-2624428 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 2,214,871 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 2,619,838 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,619,838 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.3 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC FOOTNOTES Item 1. (a) Name of Issuer INFORMATION SERVICES GROUP, INC. (b) Address of Issuer's Principal Executive Offices 2187 Atlantic Street, Stamford, CT 06902 Item 2. (a) Name of Person Filing JPMORGAN CHASE & CO. (b) Address of Principal Business Office or, if none, Residence 383 Madison Avenue New York, NY 10179 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock, $0.001 par value (e) CUSIP Number 45675Y104 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) o A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 2,619,838 (b) Percent of class: 5.3 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 2,214,871 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 2,619,838 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o . Item 6. of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company JPMorgan Chase Bank, National Association J.P. Morgan Investment Management Inc. J.P. Morgan Private Wealth Advisors LLC Item 8.