Stocks
Iowa State Bank Sells 6.2% of JPMorgan Stake
Iowa State Bank trimmed its stake in JPMorgan Chase & Co. by 6.2% during the second quarter, reducing its holdings to 61,472 shares of the financial services provider's stock.
The sale was disclosed with the SEC and was worth $20,122,000 as of the most recent filing.
Alongside Iowa State Bank, other large investors also adjusted their positions in JPM. Timmons Wealth Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth about $27,000.
JPMorgan Chase & Co. has seen analyst ratings changes, with Robert W. Baird lifting its price objective on shares from $295.00 to $305.00 and giving the company a 'neutral' rating.