Bankrate, Inc. (RATE) Stake Raised by JPMorgan Chase & Co.
JPMorgan Chase & Co. grew its position in shares of Bankrate, Inc. (NYSE:RATE) by 129.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,293,630 shares of the bank’s stock after buying an additional 729,037 shares during the quarter. JPMorgan Chase & Co. owned 1.44% of Bankrate worth $18,045,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of Bankrate by 966.6% during the second quarter. Royal Bank of Canada now owns 19,529 shares of the bank’s stock valued at $251,000 after buying an additional 17,698 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Bankrate in the third quarter worth approximately $6,742,000. American Century Companies Inc. boosted its holdings in Bankrate by 3.4% in the second quarter. American Century Companies Inc. now owns 351,472 shares of the bank’s stock worth $4,516,000 after purchasing an additional 11,447 shares during the last quarter. Oaktop Capital Management II L.P. purchased a new stake in Bankrate in the second quarter worth approximately $14,501,000. Finally, AHL Partners LLP boosted its holdings in Bankrate by 54.9% in the second quarter. AHL Partners LLP now owns 63,363 shares of the bank’s stock worth $814,000 after purchasing an additional 22,467 shares during the last quarter. Hedge funds and other institutional investors own 47.31% of the company’s stock.
Shares of Bankrate, Inc. (NYSE RATE) opened at $14.00 on Monday. Bankrate, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $14.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.39 and a quick ratio of 2.39. The stock has a market cap of $1,260.00, a P/E ratio of 28.00 and a beta of 1.64.
ILLEGAL ACTIVITY WARNING: This article was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.watchlistnews.com/bankrate-inc-rate-stake-raised-by-jpmorgan-chase-co/1771293.html.
Bankrate Company Profile
Bankrate, Inc is a publisher, aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories, including mortgages, deposits, credit cards, senior care and other personal finance categories. The Company’s segments include Banking, Credit Cards, Senior Care and Other.
Want to see what other hedge funds are holding RATE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bankrate, Inc. (NYSE:RATE).
Receive News & Ratings for Bankrate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bankrate and related companies with MarketBeat.com's FREE daily email newsletter.