JPMorgan Chase & Co. Has $17.16 Million Stock Position in Green Brick Partners, Inc. $GRBK

JPMorgan Chase & Co. grew its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 17.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 232,290 shares of the financial services provider’s stock after acquiring an additional 34,433 shares during the quarter. JPMorgan Chase & Co.’s holdings in Green Brick Partners were worth $17,157,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Osterweis Capital Management Inc. acquired a new position in shares of Green Brick Partners in the 2nd quarter worth approximately $31,000. Parkside Financial Bank & Trust boosted its stake in Green Brick Partners by 1,228.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 465 shares of the financial services provider’s stock valued at $34,000 after buying an additional 430 shares in the last quarter. Federated Hermes Inc. boosted its stake in Green Brick Partners by 195.5% in the 3rd quarter. Federated Hermes Inc. now owns 591 shares of the financial services provider’s stock valued at $44,000 after buying an additional 391 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Green Brick Partners in the second quarter valued at $53,000. Finally, SBI Securities Co. Ltd. raised its stake in Green Brick Partners by 45.5% during the third quarter. SBI Securities Co. Ltd. now owns 863 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 270 shares in the last quarter. 78.24% of the stock is owned by institutional investors and hedge funds.

Green Brick Partners Stock Performance

NASDAQ:GRBK opened at $63.94 on Thursday. The stock has a market capitalization of $2.76 billion, a P/E ratio of 8.30 and a beta of 1.99. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 1 year low of $50.57 and a 1 year high of $80.97. The firm has a 50 day moving average of $71.56 and a 200-day moving average of $68.80.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.11. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same quarter last year, the firm posted $2.31 EPS. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, BTIG Research began coverage on Green Brick Partners in a report on Monday, December 1st. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.00.

About Green Brick Partners

Green Brick Partners, Inc (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.